Hi Manjit,
1) Yes, as long as you clearly specified the amount of share each will hold.
2) The best way of holding since you are just a friend is by Tenancy-In-Common.
3) Note that if this is not a matrimonial home, you are subject to 5% ABSD.
4) You can decide how you wish to have your downpayment pay, and how much each person is responsible for the loan.
5) Likewise for CPF, all these can be clearly specified under Tenancy-In-Common holding.
6) The lawyer will write to the CPF board & bank to notify them of the exact amount to be deducted from each CPF, and loan payment.
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:
Any response to our answer does not reach us until we scroll through each and every query posted daily.
The best way to get a follow-up is to Whatsapp or email us directly.
Read More
