This method is illegal

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Consult BSN branch or website for more information on eligibility. how to buy a house without deposit 5) Mark-up Mark-up is a technique where you manipulate the purchase price intending to get a cash back. Buyers use this method to cover for deposit, legal fee and stamp duty costs. Some even exploit to get extra money. In mark-up arrangement: You agreed a purchase price with the owner Then you present to the bank a higher price than the original when applying for loan (mark-up price) At the end of the purchase, you will get the difference between the original price and the mark-up price (times the margin of financing).


You present wrong information to the bank to get extra cash. Many banks czech republic whatsapp fan such as Maybank have come out with measures to combat this practice. Mark-up also have many disadvantages: Higher monthly instalment Lower your ability to get subsequent loans Higher legal fee and stamp duty costs If the seller subject to Real Property Gains Tax, it is likely that they will charge you on the portion you marked-up.


You should not use this method. If you are discipline with your finance and build your savings, you’ll be able to buy a home too. As an alternative, use My First Home Scheme or Youth Housing Scheme 6) Make EPF Withdrawal Last, you can make EPF withdrawal to finance the deposit and transaction costs. EPF allows you to withdraw an amount equals to: The difference between the purchase price and the loan amount; plus additional 10%; subject to availability of cash in Account 2.