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Hi, my parents own a paid up private property, and if I am planning to buy over 1% of the property, other than LTV and TDSR restrictions, would the loan amount be 1% of the valuation? Or can it be higher than that? Plan is to cash out part of the property for their retirement and 1% is too low. Understand that cash out refinancing is an option too but I would like to use CPF for the repayment as well. Thanks!
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2 Answers

Mark Ng S W
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Robbie Chen Chee Howe
Replied
Hi,

No, the amount of loan is not determined by the percentage of share you own. As long as you're the owner of the property, you will be able to loan based on your LTV and TDSR framework.

I am experienced and well-versed in both HDB and private transactions. I will be able to assist you in your property plans. Please get in touch with me for a more in-depth discussion.

Should you need require further assistance in matters relating to property, please contact me at my mobile 9748 6305 . I will be happy to assess and share with you the possibilities for you in the current market.

Thank you.

Best regards,
Robbie Chen
 9748 6305 
PropNex Realty Read More
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