Asked by Anonymous
Bought a property June 2018, pay 20% downpayment on (4/6/2018, 26/7/2018, 10/8/2018),
22/6/18: Being ask by Sales to sign S&P to remain the offer by developer (stamping date 27/6/2018), Sales promise verbally to waive all the interest charges
20/7/2018: Sales or Bank found Valuer to accept the Selling Price equal to Property Market Value
27/7/2018: Letter Offer from Bank approved date in system (delay mainly due to Selling Price higher than Market Value, takes time to find valuer to accept the Selling Price)
30/7/2018: Inform by bank loan is approved with details
8/8/2018: Sign letter offer
30/10/2018: Bank release loan to developer
1/11/2018 until 13/6/2019 (keep chasing sales to waive interest, but was told to be waive during the time handover key, and the sales was told resigned at 29/5/2019, no one but myself to follow up the issue)
Question: Developer charge interest from date 24/7/18 until 30/10/2018, is this reasonable? As told by bank fastest loan release processing time by (Bank, Lawyer, Developer & State Consent) is 2 and Half Months or 3 Months.
22/6/18: Being ask by Sales to sign S&P to remain the offer by developer (stamping date 27/6/2018), Sales promise verbally to waive all the interest charges
20/7/2018: Sales or Bank found Valuer to accept the Selling Price equal to Property Market Value
27/7/2018: Letter Offer from Bank approved date in system (delay mainly due to Selling Price higher than Market Value, takes time to find valuer to accept the Selling Price)
30/7/2018: Inform by bank loan is approved with details
8/8/2018: Sign letter offer
30/10/2018: Bank release loan to developer
1/11/2018 until 13/6/2019 (keep chasing sales to waive interest, but was told to be waive during the time handover key, and the sales was told resigned at 29/5/2019, no one but myself to follow up the issue)
Question: Developer charge interest from date 24/7/18 until 30/10/2018, is this reasonable? As told by bank fastest loan release processing time by (Bank, Lawyer, Developer & State Consent) is 2 and Half Months or 3 Months.
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