Asked by Reene
Hi, I am a foreigner, not working in Malaysia. I plan to buy a property in Malaysia, sub-sale.
1. I have heard that there are problems with bank loan due to master title. If I buy from a owner, is it consider master title or individual title? If master title, how will it be changed to individual title?
2. Is it possible for foreigner to get a home loan up to 90%?
3. If I have existing loan in my home country, will it be taken into consideration in the calculation of the Debt Service Ratio?
4. The house is pretty new, owner just collected keys a few months ago. Is valuation required? If yes, will it be borne by the bank?
5. What is the percentage for rental income tax and how to pay the tax?
6. What is the typical maintenance fee for a semi-D?
Thank you.
1. I have heard that there are problems with bank loan due to master title. If I buy from a owner, is it consider master title or individual title? If master title, how will it be changed to individual title?
2. Is it possible for foreigner to get a home loan up to 90%?
3. If I have existing loan in my home country, will it be taken into consideration in the calculation of the Debt Service Ratio?
4. The house is pretty new, owner just collected keys a few months ago. Is valuation required? If yes, will it be borne by the bank?
5. What is the percentage for rental income tax and how to pay the tax?
6. What is the typical maintenance fee for a semi-D?
Thank you.
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