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
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,...
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Bong & Partners
Johor Bahru, Malaysia

Founded in 2019
3 people in their team
Chinese
English
Malay
Bong & Partners has been serving the Johor Bahru area with proven success. We are consistent, patient and professional, giving each new case our undivided attention whilst walking you through each step of the process.โ€‹With Bong & Partners, you should expect the best. We are a...
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Joseph & Partners
Kuala Lumpur, Malaysia

Founded in 2010
English
Joseph & Partners is a distinguished law firm in Malaysia, renowned for its specialization in shipping and maritime law. With over 25 years of dedicated service, the firm has built a solid reputation for delivering comprehensive legal solutions to both domestic and international clients within the...
The Law Chambers Of Hedzril
Petaling Jaya, Malaysia

Founded in 2015
English
Established in 2015 by Managing Partner Mr. Hisyam Hedzril Nor Hashim, The Law Chambers of Hedzril (TLCOH) is a Malaysian law firm with a team of legal practitioners possessing in-depth knowledge and experience in Malaysian laws. This expertise enables the firm to provide effective, coordinated,...
Siddiq Azani & Co
Petaling Jaya, Malaysia

Founded in 2014
English
Established in April 2014 by Mohamad Siddiq Bin Datoโ€™ Mohd Azani, Siddiq Azani & Co is a Malaysian law firm dedicated to delivering high-quality legal services. The firm upholds principles of trust, knowledge sharing, quality, and creativity, with a team of astute, precise, and result-oriented...
Yek & Co. Advocates & Solicitors
Petaling Jaya, Malaysia

Founded in 2020
English
Yek & Co. Advocates & Solicitors, established in 2020, is a distinguished law firm located in Petaling Jaya, Malaysia. The firm offers a comprehensive range of legal services, including family law matters such as divorce and child custody, conveyancing and property transactions, wills, probate, and...
Misyail Othman & Co (Kuala Lumpur)
Kuala Lumpur, Malaysia

English
Misyail Othman & Co (MONCO) is a distinguished commercial law firm based in Kuala Lumpur, Malaysia, committed to delivering exceptional legal services with the highest professional standards. The firm offers a comprehensive range of legal solutions, including dispute resolution, debt recovery,...
Chua, Tan & Partners
Kuala Lumpur, Malaysia

English
Chua, Tan & Partners is a boutique legal firm based in Kuala Lumpur, Malaysia, offering personalized legal services in residential and commercial real estate transactions. The firm also practices corporate and commercial law, with additional expertise in trademark registration. Prior to...
Messrs TAN, DAHA & FADZILAH
Johor Bahru, Malaysia

Founded in 2016
8 people in their team
English
The Firm was established on 01-06-2016 with spectrum of clients not only in Johor Bahru but also from outstations by more means of access and delivery. Our firm provides comprehensive range of professional services covering litigation and non-litigation works. More particularly the firm...
FAUZIAH & RAKAN-RAKAN
Seremban, Malaysia

Founded in 2014
English
FAUZIAH & RAKAN-RAKAN is a distinguished law firm located in Seremban, Negeri Sembilan, Malaysia. The firm operates from its office at No. 76, Mezzanine Floor, Wisma Cahaya, Jalan Tuanku Antah, 70100 Seremban. The legal team comprises two experienced lawyers: Fauziah Binti Ya'akup, who was admitted...
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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.