Asked by Camilo
Hi,
Can someone gives me an advise.. I bought a property just before I migrated to Australia a year ago. Thinking it was a good idea if we return and have a place of our own since the price keep getting increase. And while we are away, I applied to sublet my property so as it can help me out on my monthly mortgage to the bank. But it was not approved as the property was still under MOP. I even wrote to the MP but still waiting for answer. It's been almost a year now and I'm quite desperate to know my chances to sublet was approve or not. And If it not, I'm thinking to sell off the property as I'm not be able to sustained for the nxt few years in payment of mortgage. My questions is,
1) what are penalty incurred to me if I need to sell the property during MOP? I'm having a bank loan for this property.
2) are there any chances for me to get it sublet out base on my situation?
Thanks
Can someone gives me an advise.. I bought a property just before I migrated to Australia a year ago. Thinking it was a good idea if we return and have a place of our own since the price keep getting increase. And while we are away, I applied to sublet my property so as it can help me out on my monthly mortgage to the bank. But it was not approved as the property was still under MOP. I even wrote to the MP but still waiting for answer. It's been almost a year now and I'm quite desperate to know my chances to sublet was approve or not. And If it not, I'm thinking to sell off the property as I'm not be able to sustained for the nxt few years in payment of mortgage. My questions is,
1) what are penalty incurred to me if I need to sell the property during MOP? I'm having a bank loan for this property.
2) are there any chances for me to get it sublet out base on my situation?
Thanks
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