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Home Buying

Asked by Mr. kelvin caleb 4 Jun 2013

I'm a pte property owner with my parents. I will be getting married next year and would like my fiance to buy a private property under her name so that she doesnt get affected by me (as 2nd property owner i will get lower loan and additional stamp duty). My question is, how can i support my fiance's purchase of pte property with my cpf and still not affect her chances of getting a 80% loan and additional stamp duty? I am not planning to divest stake in current private property at present. advice appreciated!

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4 Answers

Previously Asked Questions

Joanne Chia 谢诗琳 · Answer 1 · 2013-06-04T16:17:21+08:00

Joanne Chia 谢诗琳

Replied 4 Jun 2013

Mr kelvin

Saving in stamp duty if dont put husband name in her property.

Husband can be co borrower but husband cannot use his cpf to finance wife property.

I specialise in new launch properties.

Kindly contact me for a no obligations chat.

Joanne chia
Cha_joanne@yahoo.com.sg
Hp 8333 3327
Huttons real estate Read More

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Mike Lim · Answer 2 · 2013-06-07T11:22:49+08:00

Mike Lim

Replied 7 Jun 2013

Morning Kelvin,

You can only support your spouse's purchase with cash, not CPF, since you are not the owner of the unit. Using your spouse name for the purchase, being first property in holding, will save you on the ABSD. Will can use your income to assist on the amount of mortgage loan that she can get.

FYI
Mike Lim
96929209
m52i@yahoo.com
ERA Read More