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Try to ask many mortgage consultants but they say cannot. But still heard someone apply joint mortgage loan with friend/non family. Any insight? or Contact.

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In other words. The property can be co-owned and sign on the same SnP. But when come the mortgage... bank cannot process joint mortgage with a friend?

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no idea. that why i ask. 

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Seriously have no idea on it. Is it a good idea to own a property with a friend?

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for investment purpose only. 

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I see cases where unmarried couples who co-own properties and take bank loan together before marriage... ofcourse there are pros and cons to this arrangement.


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You can joint mortgage with anyone u like isnt it?

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I think the bank will evaluate every joint mortgage on a case by case basis and there is no hard rule on this. Please correct me if i am mistaken. :^P


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I think some bank "can" do it, as long as they declared it as "cousin" or "married".... never seen a single bank check on the matters


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I see. Which means the bank will not ask the joint mortgage applicant to produce married/birth certificate as supporting document?

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if the credit officer felt suspicious, then they will request it.

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never try, never know... no regrets!

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@6011_3531_5354 Hi, two friends with no immediate family relation can JV to get mortgage loan ( up to 90% ). Provided both individual do not have two property being financed already or there will be a slash in margin. As 3rd property for two no relation individual is 50% LTV rather than the usual 70%. This is my banks policy anyway not sure about other bank. The bank I'm referring to is standard chartered bank.

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@Yean... thanks for sharing. good information from Standard Chartered Bank. May I know if the criteria applies to foreigners applying for a loan?

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@domng yes. If it's two foreigner our loan margin is up to 80% if it's Malaysian Citizen + Foreigner is up to 90%. SCB is the preferred bank for foreign investor for our highest margin in the market and we also process pure foreigner investor who don't work here.

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@Yean... does it matter if the person taking the loan is earning a salary in Malaysia or Singapore. or only the nationality matters?


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@domng source of income do not really cause a problem, nationality may prove to be a key factor thou as loan applicants from high risk country tend to be rejected unless they are working in Malaysia and salaried in Malaysia. Pure foreigner from high risk/sanctioned country definitely will be rejected. 

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if decided to buy the property, put under company name, then the mortgage loan is under company or personal?

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@douglas_mhpg yes, your are right. get a pandai pandai banker instead.

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@6011_3531_5354 if purchase under company, loan can be under company name but director hv to be guarantor. or either way, director use their personal name to apply for bank loan which called 3rd party charge

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what is the margin or finance under company name but director as guarantor? 70% capping on 3rd loan still apply?

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I would like to know... if the property is not under your name... can you still apply for a bank loan to finance it?

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@6011_3531_5354 that is under company and margin depends on whether it's resi or commercial mortgage. 

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@domng nope you can't 

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Good information shared guys.

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Any idea about Serviced Apartment under Commercial title?

Is this a grey area or follow strictly, Residential or Commercial

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not sure about the latest regulation.

last time is under commercial

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@domng depends on whether is it with hda, if it is it is usually residential 

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I know of a friend who bought a unit under commercial serviced apartment. His quit rent and "Cukai Pintu"  is much more expensive compared to similarly sized residential condo. 

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