Best Mortgage Lawyers in Malaysia

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Azmi & Associates
Kuala Lumpur, Malaysia

Founded in 2000
200 people in their team
Malay
English
Chinese
Real Estate Mortgage Natural Resources +6 more
ABOUT USAzmi & Associates is a full-service international law firm that was founded on the principle that we would succeed only if we deliver prompt, high-quality and cost-effective services to our clientele.We progressively strive to be a world-class corporate and commercial law firm,...

Founded in 1992
50 people in their team
Malay
ABOUT USS. K. Ling & Tan Advocates started its humble beginning in Sibu Town, Sarawak in the year 1992 before expanding its branches all across the State of Sarawak. With more than 20 years of experience, we are able to provide practical advice that reflects a good understanding of our...
Kuruvilla, Yeoh & Benjamin
Kuala Lumpur, Malaysia

English
Kuruvilla, Yeoh & Benjamin is a dynamic Malaysian law firm offering comprehensive legal services across various practice areas, including litigation, arbitration, corporate and commercial law, real estate, construction, banking and finance, and wills and probate. The firm is led by Managing Partner...
Royston Tan & Co
Klang, Malaysia

English
Royston Tan & Co, based in Klang, Selangor, is a dynamic law firm specializing in criminal law, with a particular emphasis on commercial cases, Anti-Money Laundering Act (AMLA) matters, criminal advisory work, and Bitcoin-related cases. The firm also offers services in divorce and separation, child...
SB Chua & Associates
Petaling Jaya, Malaysia

English
SB Chua & Associates is a distinguished law firm in Malaysia, renowned for its comprehensive legal services across various practice areas. The firm's team of seasoned attorneys brings extensive experience and a deep understanding of Malaysian law, enabling them to handle complex legal matters...
ANN & ANUAR advocates & solicitors
Kuala Lumpur, Malaysia

Founded in 2004
English
Established in September 2004 through the merger of M/s Johari Nasri & Tan and M/s Anuar & Sarisfuddin, Ann & Anuar Advocates & Solicitors combines decades of legal expertise across diverse disciplines. The firm offers a comprehensive range of services, including commercial, civil, and corporate...

Founded in 2014
English
With a distinguished reputation in Malaysia, Xian & Co. stands out as a premier law firm specializing in legal services, notary public duties, and administering oaths. The firm’s dedicated team combines extensive legal knowledge with practical experience to provide clients with exceptional...
Lawyer Nur Maidin & Co
Subang Jaya, Malaysia

Founded in 2016
English
Lawyer Nur Maidin & Co is a distinguished law firm based in Malaysia, recognized for its comprehensive expertise across multiple legal disciplines including civil law, criminal justice, real estate, and as Commissioners for Oaths. The firm is renowned for navigating complex legal landscapes with...
Suzanne, Lye, Fairuz & Yaw
Petaling Jaya, Malaysia

Founded in 2020
English
Suzanne, Lye, Fairuz & Yaw (SLFY) is a boutique law firm based in Petaling Jaya, Malaysia, offering comprehensive legal services across key practice areas, including real property, corporate and commercial matters, general and civil litigation, debt recovery, employment, and individual and family...
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About Mortgage Law in Malaysia

Mortgage law in Malaysia regulates the process of obtaining a loan to purchase a property, with the property itself acting as collateral for the loan. It is crucial to understand the legal implications and requirements surrounding mortgages to ensure a smooth transaction.

Why You May Need a Lawyer

You may need a lawyer for various reasons when dealing with mortgages in Malaysia. Some common situations where legal assistance may be necessary include disputes over mortgage terms, foreclosure proceedings, or negotiating a refinancing agreement.

Local Laws Overview

In Malaysia, mortgages are primarily governed by the National Land Code and the Housing Development (Control and Licensing) Act. These laws outline the rights and responsibilities of both borrowers and lenders, as well as the procedures for property transactions involving mortgages.

Frequently Asked Questions

1. What is the minimum down payment required for a mortgage in Malaysia?

The minimum down payment for a mortgage in Malaysia is typically 10% of the property's purchase price for first-time homebuyers.

2. Can foreigners apply for a mortgage in Malaysia?

Yes, foreigners can apply for a mortgage in Malaysia, but there are certain restrictions and additional requirements that may apply.

3. What are the common types of mortgage loans available in Malaysia?

Common types of mortgage loans in Malaysia include term loans, flexi loans, and Islamic home financing products.

4. What happens if I default on my mortgage payments?

If you default on your mortgage payments, the lender may initiate foreclosure proceedings to repossess the property and recover the outstanding debt.

5. Can I negotiate the terms of my mortgage agreement with the lender?

Yes, you can negotiate the terms of your mortgage agreement with the lender, especially regarding interest rates, repayment schedules, and penalties.

6. How long does it take to process a mortgage application in Malaysia?

The processing time for a mortgage application in Malaysia varies depending on the lender and the complexity of the transaction, but it typically takes a few weeks to a few months.

7. Are there any government schemes or incentives available for mortgage borrowers in Malaysia?

Yes, the Malaysian government offers various schemes and incentives to help first-time homebuyers, such as the My First Home Scheme and PR1MA housing program.

8. Can I refinance my existing mortgage in Malaysia?

Yes, you can refinance your existing mortgage in Malaysia to take advantage of lower interest rates or better loan terms.

9. Do I need to hire a lawyer when purchasing a property with a mortgage in Malaysia?

While it is not mandatory to hire a lawyer, it is highly recommended to seek legal advice to ensure that your rights are protected and all legal requirements are met during the transaction.

10. What are the steps involved in applying for a mortgage in Malaysia?

The steps involved in applying for a mortgage in Malaysia include choosing a lender, preparing the necessary documentation, submitting the application, and securing approval before completing the property purchase.

Additional Resources

For more information on mortgages in Malaysia, you can contact the National Housing Department or consult with the Malaysian Bar Council for a list of licensed legal practitioners specializing in real estate law.

Next Steps

If you require legal assistance with a mortgage-related issue in Malaysia, it is advisable to seek advice from a qualified lawyer who specializes in real estate law. They can provide guidance on your rights and options under the law to help you navigate the complexities of mortgage transactions effectively.

Lawzana helps you find the best lawyers and law firms in Malaysia through a curated and pre-screened list of qualified legal professionals. Our platform offers rankings and detailed profiles of attorneys and law firms, allowing you to compare based on practice areas, including Mortgage, experience, and client feedback. Each profile includes a description of the firm's areas of practice, client reviews, team members and partners, year of establishment, spoken languages, office locations, contact information, social media presence, and any published articles or resources. Most firms on our platform speak English and are experienced in both local and international legal matters. Get a quote from top-rated law firms in Malaysia - quickly, securely, and without unnecessary hassle.

Disclaimer:
The information provided on this page is for general informational purposes only and does not constitute legal advice. While we strive to ensure the accuracy and relevance of the content, legal information may change over time, and interpretations of the law can vary. You should always consult with a qualified legal professional for advice specific to your situation. We disclaim all liability for actions taken or not taken based on the content of this page. If you believe any information is incorrect or outdated, please contact us, and we will review and update it where appropriate.