Bank's valuation of the Ipoh property

The Bank's valuation, obtained through its appointed panel of valuers in Ipoh, may be lower or higher than the purchase price. In the event the Bank's valuation is lower than the purchase price for the property in Ipoh, the purchaser has to pay the difference between the purchase price and the bank's valuation using his own funds. As such, the cash required up-front for the purchase of the Ipoh property will be higher of course.


Appoint a lawyer in Ipoh

You will need to appoint a local lawyer in Ipoh to act on your behalf for the purchase of the Ipoh property. Banks in Ipoh will also need to appoint a local lawyer for the mortgage documentation relating to the bank loan.

Current Market Value of Ipoh property

Obtain the Current Market Value of the Ipoh property from a Bank in Ipoh. The Current Market Value of the Ipoh property is obtained through a panel of valuers which has to be approved by the banks in Ipoh.

You might minimise your legal costs by engaging a local lawyer in Ipoh who can act for both the purchase of the Ipoh property and mortgage documentation for the Bank in Ipoh. After securing a suitable candidate in Ipoh, get him to assist you with the following:

Provide the following information

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