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Hi GURU,

The current house owners are both my parents and my elder borther.
My elder brother is 35, single and wanted to buy a flat. Both my brother and myself are servicing the loan now.

I went to bank to ask for a refinance to take over my brother shares. The bank told me that they need HDB approval for transfer of ownership first.

So I went bishan HDB and they say they need bank to approved my refinancing first.

So now I am stuck, bank need HDB approval first and HDB need bank to approved the refinancing first........

thanks.

Regards,
CK.
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2 Answers

Mike Lim
Replied
Evening,

From your statement, I would assume that you are financing the unit via cash as you are not the owner of the unit. Your brother, on the other hand, have utilized CPF to finance the unit, which resulted in the requirement for you in taking a loan. Writting into HDB Hub to enquire about your case should shed you some light.

FYI
Mike Lim
 96929209 
ERA Read More
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Geryl Lim
Replied
Dear confused,

You may either take Mike's advise or engage a mobile banker to go to HDB together and resolve the issue with HDB officer and banker speaking to each other rather than you being a messenger.

Regards,
Geryl LIM
Real Estate Consultant
CEA Reg R014783H
Mobile: +65-81577565 
Email: lim.geryl@yahoo.com.sg Read More
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