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Dear Sir/Mdm,

The borrower of the loan must also be the owner of the property. I would suggest both of you to hold the property under tenancy in common, with the shares in accordance to your individual contributions.

Please feel free to contact me so that I can understand your objectives better and provide you with more assistance.

Regards,
Nick Tan
(M) +65 9644 4854 
B.Eng(Chemical)(Hons)(NUS)
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(E) nick96444854@gmail.com
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Mr & Mrs Tan (Seller of Inter-Terrace House) Read More

Hi Sir/Madam

The borrower of the loan must also be the owner of the property.
I just assisted my client who have similar concern
I will be glad to assist
Appreciate if you can contact me at (65) 96608508  or Silviayang8@gmail.com
or click here https://bit.ly/WaSilvia to whatsapp me for no obligation discussion
Thank you.

Warmest regards,

Silvia Yang

Senior Marketing Director
ERA Realty Network Pte Ltd
Mobile: (65) 9660 8508 
Email: Silviayang8@gmail.com Read More

Hi,

1) The principle is "the only owner can borrow".
2) If IPA is under your partner's name, your partner must be the buyer.
3) You may insert your name without being the borrow, it meant that you are not allowed to utilize your CPF in this purchase, and of course not able to use CPF to service the mortgage.
4) In this way, your partner will be the sole responsible to service the mortgage.
5) Legally there is nothing wrong, it is just unfair to your partner when your partner has to bear the responsibility, but you just sit back and enjoy the fruit. Because legally you own part share but not the responsibility.

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

Note:
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Hi,

The Owner need not be a Borrower, but the Borrower must be the Owner.

Perhaps you could share with me what's your plan, so that I can give you a more appropriate recommendation?

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