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Hi guru, me and my husband would like to purchase a house. but my husband is first owner of his parent flat and still under loan. he didn't brought the house but added his name in to pay for remaining loan using cpf. it has passed 5 year. the flat brought in 1998. currently is under joint tenancy. my question 1) is there any way to avoid or pay slightly less amount for removing his ownership? he didn't pay any amount for joint tenancy. 2) if change to tenancy in common will he pay lesser? 3) what are the other option available for us to avoid lum sum payment. however my name is not inside the house. can anyone share with me their experience removing name and purchase a house successfully. thank u =)
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2 Answers

Hi there,

Please feel free to contact me at 96659926  for a non obligatory discussion for me to better understand your requirements and specifications to be in a better position to advise you further in the most detailed and thorough manner as it would be a little lengthy to type it out comprehensively!

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D Kumar
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dkumar@era.com.sg

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Hi

1)removal of his name is subjected to the remaining owners have the capability in getting a mortgage and paying the loan monthly.

2) Changing of tenancy type will not help the case.

3)No.

Regards

Ally Chin
M: 81122213 
E: cwsally2yahoo.com Read More
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