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Hi,

I would be most glad to assist you further and please feel free to let me know if you need any assistance. Have a good day ahead.

Regards
Aaron Chong
 9730 8455 
aaronchong2774@yahoo.com.sg Read More

Hi,

1) It is common that sales of part share and transfer of ownership are loosely interpreted and use in the current market.
2) The main difference between Transfer of ownership & sale of part share is former can be non-monetary whereas the sale of the part share must have money involved.
3) In terms of financing, this should be considered as the sale of part share, to begin with. Thus it is a loan above the current mortgage.
4) Household income is the main considering factor for banks or HDB to determine whether they are allowed to provide the needed amount. This is strictly governed by MAS using MSR as a guide.
5) You have to consult HDB or bank dependent on your current borrowing institute, whether their income is sufficient to cover the addition.
6) By the way, your parents have to wait till their final court order before anything can start to process. But can consult with the borrowing institute now so that you are prepared when the final court order is issued.

Hope the above answer to your main concerns, but if there are more query, please feel free to contact me at 90110636  , or email: ling.ck7@gmail.com if more information is needed.
I'll be glad to assist.

Best regards
Ling CK
 90110636 
ling.ck7@gmail.com
https://R056727F.propnex.net/
https://www.facebook.com/Homesellerbuyer

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