Homiq – Smart Property Financing Solutions in Malaysia
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- Jalan Senang Ria, Kuchai Lama
- 017- 467 1233
- hello.homiq@gmail.com
FAQ
FAQ / Key Benefits
Do I need to move out of my home after using Homiq’s Property Partnership Program?
No, you can continue staying in your home. That’s the beauty of the Property Partnership Program. Unlike traditional cash-out or refinancing models, our structure allows you to unlock the value of your property while remaining in the house as a tenant. You’ll enter into a tenancy agreement with the new property partner and simply pay monthly rent—often close to current market rates. It’s a legal and structured way to get the funds you need without uprooting your life or family
Is Homiq’s model legal in Malaysia?
Yes, our model is fully compliant with Malaysian property and tenancy laws. We do not operate as an unlicensed lender or provide loans. Instead, Homiq facilitates a structured tenancy arrangement where the property ownership may change hands, but the previous
owner continues residing in the property under a proper tenancy agreement (typically 3–5years). This structure is recognized and legal under Malaysian law and offers a safer, regulated alternative to high-risk borrowing
What happens after the 3–5 year agreement ends?
At the end of the agreed tenancy period (typically 3–5 years), there are several possible outcomes—depending on the mutual agreement between the owner-turned-tenant and the property partner. These options may include:
● Exploring a buyback arrangement (if both parties agree)
● Selling & vacating the property, if the tenant no longer wishes to continue.
All terms are clearly discussed and agreed upon upfront, so there are no surprises at the end of the tenure. Our team also provides ongoing support and mediation to ensure a smooth transition when the time comes
How is Homiq different from refinancing through a bank?
Homiq offers a completely alternative solution compared to traditional bank refinancing. Here’s how we differ:
● No strict credit score requirements: Banks often reject applicants with non-ideal credit ratings. We look at the asset and overall situation instead.
● Faster process: Bank applications may take weeks or months. We aim to provide funding in a much shorter time.
● No need for income proof or payslips: Our method doesn’t rely on the same rigid documentation banks require.
● Keep staying in your home: Unlike typical cash-out sales, we offer a way to liquidate the asset while continuing to live in it.
Homiq is perfect for homeowners who are “asset rich but cash poor” and are underserved by the traditional banking system
Who qualifies for the Property Partnership Program
We primarily assist homeowners who:
● Own their home outright or have paid off 70% or more of the property’s current value
● Are struggling with short-term cashflow needs (education, medical, business, etc.)
● Are willing to stay in the property and pay rent under a structured tenancy agreement
● Cannot get help from banks due to poor credit scores, irregular income, or documentation issues
Every case is reviewed individually through a free consultation, and we guide you through whether the programme is suitable for your situation.
I’m a young investor. What do I gain by becoming a Property Partner?
As a Property Partner with Homiq, you tap into a unique investment opportunity:
● You earn monthly rental income from day one, since the previous homeowner stays on as the tenant.
● You avoid typical challenges of property investment like finding tenants, handling repairs, or worrying about rent collection—we handle most of the backend for you.
● You get exposure to real estate ownership with a lower entry point and a clearer exit timeline (3–5 years).
This model is ideal for working professionals looking to diversify their income streams without diving fully into traditional property management
Can I buy the house back in the future if I want to?
In certain cases, yes. While a buyback is not guaranteed, it can be discussed and structured between the property partner and the existing tenant (former owner) before the agreement is signed. This must be agreed upon mutually and written into the agreement to avoid future disputes. Homiq does not enforce a buyback clause automatically, but we are happy to mediate and facilitate if both parties are open to it.
What fees or costs are involved?
We are transparent with all costs from the start. There are no hidden charges or upfront fees to apply for a consultation. Costs may include:
● Legal fees for drafting tenancy agreements or property transfer (if applicable)
● Valuation fees (where needed to assess property value)
● Minor administrative charges for processing and handling
All fees will be clearly explained during the consultation and typically deducted from the disbursed amount—so there’s no need to pay upfront.