Please read - SPNB Aspirasi

A BRIEF
GUIDE
TO OWN
A HOUSE
IN
ANT
T
R
O
IMP TION:
A
FORM
ad
se re
Plea
DEVELOPING
A HARMONISED LIVING
Own your dream home with Aspirasi through simple buying processes
CONTENTS
Steps To Buying A New Home
5
6
7
Private Sector Loan Applications
Government Loan Applicants
EPF Withdrawal
8
Payment Procedure
8
Handing Over of Vacant Possession
Joint Inspection
10
10
TIPS FOR NEW HOMEOWNERS
Below are some of the points you should consider prior to owning a new home:
i.
A purchase price that is affordable to your budget and relative to the property
ii. Buy a home that you can sell at a profit
iii. What are the requirements that you need for your dream home?
iv. Call our Sales Advisors who can advise you on your choice of location
v. Visit properties that are on sale for comparison. Do not make an impulsive
decision as it will be a long-term commitment.
vi. Read through the classified advertisements for existing properties to make
comparison on specifications and market prices.
STEPS TO BUYING
A HOUSING UNIT
Registration
Register online at www.spnbaspirasi.com.my or visit any of our sales and marketing
offices to obtain a copy of the registration form from our sales personnel.
Selection of Unit
Prior to launch, registered buyers will receive preferential choice in the selection of
units, which will be done on a first come first serve basis.
Letter of Offer
Upon selection of the unit, buyers will be issued a letter of offer, along with the
receipt for the initial 10% down payment. The offer letter will contain the particulars
of the property(ties) that buyers have purchased.
Execution of Sales And Purchase Agreement
Execution of the S&P must be done at our appointed solicitor’s office upon
settlement of the 10% down payment within 14 days from the date of confirmation of
sale.
Application for Loan and EPF Withdrawal
Buyers are advised to apply for housing loan upon confirmation of sales. For EPF
members who would like to make withdrawal from their account, please obtain the
EPF Withdrawal Form from the EPF office or download the form via EPF website at
www.kwsp.gov.my
Letter of Offer on Loan
Upon approval of loan, an offer letter will be issued by the end-financier of which be
accepted and acknowledged by buyers within 14 days.
ASPIRASI Homeowner’s Guidebook
Letter of Instruction To Execute the Loan Documents
The solicitor will be instructed by the end-financier to prepare the loan documents
for the buyer’s execution.
5
PRIVATE SECTOR
LOAN APPLICATIONS
We have, on our end, appointed a panel of bankers for buyers’ convenience,
although the final decision lies with you as you are the free to choose any bank/
finance of your preference. Below are the documents required to apply a loan:
•
Original copy of the Sale and Purchase Agreement
•
Copy of the title deed (if available)
•
Photocopy of your NRIC
•
A copy of your last 3 month’s salary or 6 month’s bank statement (if
self-employed)
•
Letter of confirmation on income and years of service from employer
•
A copy of income tax return/EA form for the past 3 years
ASPIRASI Homeowner’s Guidebook
Sequence of Loan Processing
• Submission of loan application form with the necessary documents.
6
•
Interview by bank/finance company.
•
Letter of Offer upon approval from bank/finance company.
•
The Letter of Offer fully signed by you as acceptance of the offer and returned to
the bank/finance company with a copy to the developer.
•
Bank/finance company’s letter of instruction to their solicitor to prepare the
loan document which may be either:
•
Deed of Assignment and Loan Arrangement (for Strata Units); or
•
Memorandum of Transfer Form 14A and Charge Form (Landed units with
individual titles).
•
Letter from bank/finance company advising you to execute you to loan
documents at the solicitor’s office.
•
Loan documents forwarded to bank/finance company for execution.
•
Loan documents returned to solicitors who will forward to the developer for
execution of Memorandum of Transfer.
•
Executed loan documents returned to solicitor for stamping and registration.
Stamped loan documents forwarded to bank/finance company for safe keeping.
A copy each is given to buyer and developer.
•
Bank/finance company will release payments to developer progressively in
accordance to the Third Schedule of the Sale And Purchase Agreement upon
receipt of our invoice.
GOVERNMENT
LOAN APPLICANTS
As a government loan applicant, you may have been advised by your Departmental
Head on the requirements for a housing loan, or you may refer to the website at
www.treasury.com.my for more information. However, for your convenience, below
are the documents required for your loan application:
•
Application form to be completed in detail.
•
Letter of Confirmation and recommendation from your Departmental Head.
•
Processing fees (RM1.00 for every RM1,000.00 of loan amount).
•
Borang VII (Format VII) - Declaration from the borrower giving consent to the
Federal Government to deduct from his/her salary for the loan installments
(inclusive of interest).
•
Copy of title deed.
•
Lampiran A - Declaration from the developer consenting to a registrar’s caveat.
•
Format XIV - To be endorsed by the developer and the borrower’s solicitors.
•
Solicitor’s declaration - confirmation of stakeholder and finalisation of loan
documents. Borang Akuan SPP 21/86 - Lampiran IV.
•
Letter to the housing loan unit confirming the ability to settle the difference
between loan and purchase price (if it is not a 100% loan).
•
Copy of Power of Attorney, if the agreement has been attested by the Power of
Attorney.
•
Certificate of Fitness - for completed house.
•
The progress payment’s will be released by the Housing Loan Division only
when the title (landed unit) and loan agreement cum assignment (strata unit)
has been registered at the land office and the High Court respectively.
Note: The abovementioned format might be changed by the government housing loan unit.
The laon processing is handled by the:
Bahagian Pinjaman Perumahan
Perbendaharaan Malaysia
No 9, Kompleks Kementerian Kewangan
Persiaran Perdana, Precinct 2
Pusat Pentadbiran Kerajaan Persekutuan
62592 Putrajaya
03-8880 2000
Email: [email protected]
ASPIRASI Homeowner’s Guidebook
7
EPF WITHDRAWAL
Requirement
You must be a member of EPF
Entitlement
Your entitlement would be 30% of balance available in Purchaser’s EPF account II or
the difference between the purchase price and loan amount (whichever is lower).
Procedure
• Submission of EPF withdrawal form together with the original copy of the Sale
And Purchase Agreement
•
Photocopy of NRIC
•
A copy of the letter of loan approval from your end-financier
Note: The original Sale And Purchase Agreement, Letter of Loan approval from your end
financier and your original NRIC have to be sighted by the EPS officials.
Mode of Payment
The payment will be released directly to the member within a period of three to
four weeks from the date of submission. For more information, please refer to EPF
website at www.kwsp.gov.my
PAYMENT PROCEDURE
ASPIRASI Homeowner’s Guidebook
Down Payment
The initial down payment as stated in our letter has to be paid to us on execution of
the Sale & Purchase Agreement.
8
Late Payment Charge
As stipulated in the Sale & Purchase Agreement and Housing Developer’s (control
and licensing) Act, a late payment charge at 10% p.a. calculated daily will be levied
on any overdue payment.
Example :
Invoice dated 11/4/2005 for RM28,100.00
Due date 10/5/2005 i.e. 21 working days from date of invoice.
Payment received on 16/5/2005
No. of days delayed: 11/5/2005 to 16/5/2005 = 6 days
6 days/365 x 10% x RM28,100.00 = RM46.19
Avoidance of Late Payment Charges (LPC)
You can avoid the imposition of LPC by adhering to the following:
•
Apply for your loan immediately. We will be pleased to assist you in any way
possible.
•
Liaise with EPF to ensure prompt release of withdrawal sum.
•
Settle the difference between loan amount and purchase price immediately on
loan approval or on receipt of invoice from us.
•
Monitor closely the loan processing with your bank/finance company to ensure
that the loan documents are finalised within the grace period.
•
Liaise actively with your bank/finance company and solicitor on receipt of the
invoice from us to ensure payment is made within the stipulated period of 14
days.
Progress Billing
Progress Billing is the periodical invoicing by us as and when the relevant
construction stage in the third schedule of the Sale & Purchase Agreement or the
Government Schedule is completed as certified by the architect.
Payment Period
A period of 21 working days from date of receipt of the invoice.
ASPIRASI Homeowner’s Guidebook
Invoice to End-financier/Treasury
Invoices are forwarded directly to the bank/finance company/the treasury with a
copy to you to enable you to liaise with them for the prompt release of payment.
9
Mode of Payment
We advise that payment be made by crossed cheque, bank draft or money order.
If possible, avoid payment by cash (except for the settlement of miscellaneous
charges during the handing over of vacant possession).
Refund of Over-Payment
Refund of Over-payment is subject to the following conditions:
•
Loan has been approved by your bank/finance company.
•
Release of the first progress payment from bank/finance company.
•
Settlement of the difference between the loan amount and selling price.
•
Settlement of any outstanding late payment charge or other miscellaneous
charges (if any).
HANDING OVER OF
VACANT POSSESSION
Upon completion of your unit, a Letter of Handing Over of Vacant Possession will be
mailed to you notifying you to take vacant possession.
You are given 14 days from the date of receipt of the letter to settle all outstanding
bills (inclusive of other charges) before collecting the house keys from the Customer
Care Department/The Residence Club.
You will take possession of your unit after having paid all monies payable under the
Third Schedule of the Sale & Purchase Agreement and all other monies due.
ASPIRASI Homeowner’s Guidebook
JOINT INSPECTION
10
We will arrange an appointment for a joint inspection between you and our
Customer Care Department/The Residence Club. The joint inspection is designed to
ensure that all specifications as per the Sale and Purchase Agreement are provided
and to identify any defects or complaints.
Your complaints should be in writing and will be attended by us throughout the
defects liability period. Any defects, which become apparent during this period n
SPNB ASPIRASI SDN BHD
MILIK PENUH SYARIKAT PERUMAHAN NEGARA BERHAD (SPNB)
Tingkat 10, Wisma Perkeso, Jalan Tun Razak, 50400, Kuala Lumpur
Tel : 03 2618 5424 / 5884 Fax : 03 2681 0170
www.spnbaspirasi.com.my