AskGuru Q&A Community

Afternoon,

Under the current ruling, guarantor will need to be added as the owner as well. If you are looking at avoiding ABSD, you will be to get mortgage under sole ownership.

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

Hi,

The guarantor of the loan has to also put his name into the property ownership. Doing so means your next purchase will be liable for higher ABSD (as its your husband 2nd property), and loan quantum may not be 80%. You can consider paying down the loan for his condo fully first, so that you can qualify for max 80% for your joint 2nd property purchase.

For the best solution, I will need more details as there is limited info on your posting. Thanks and how should I get in touch?

Warm regards
Ivan ERA
 97432395 
Ivanng10@gmail.com
Website: http://www.ivanng10.com/#!reviews/c11r1
(Client's Testimonials) Read More

Hi,

Your proposed solution may render you liable for higher ABSD.
Perhaps we can discuss further to derive more information and advise you accordingly on the procedural framework and some options to consider .

D Kumar
 +65 96659926 
ERA Associate Division Director
www.kumarrai.com

#1 team of ERA in Singapore, Asia Pacific International for 2014.

ERA 2015 Q1 Top Achievers (Top1% of ERA)
ERA Top Achievers 2013/14
ERA Multi-Million Dollar Club Award
2014 ERA Asia-Pacific Business Conference Elite Award

P Group
2015 Feb/ April/May ERA Top Achievers
2014 Aug/Sept/3rd quarter/Dec/ Overall 2014 ERA Top Achievers Read More

Good afternoon buyer,

I am afraid to inform you that this is not viable. Only the property owner is able to take up the mortgage.

Maybe you can share more with me how much finances (cash and CPF OA funds) do both of you have on hand and your residency status (singaporean or SPR) so i will be in a better position to advise whether is it better to fully pay up current property and purchase under both names to obtain 80% loan but you will be subject to ABSD.

Or it's feasible or viable for you to purchase alone.

Hope to hear from you soon!

Warmest Regards,
YT TAN 陈永达 | ACCA Graduate, RES
Vice President (Agency)
R043025D
Property Avenue Pte Ltd
Estate Agent no. L3010650D
Blk 420 North Bridge Road #03-30 North Bridge Centre S188727

(M): +65 9111 5171 
(E): yt.lovelyhomes@gmail.com
(W):www.yttan.com
(W):www.propertyavenue.com.sg Read More

Hi,
If your husband do not have any outstanding loan, then no problem with 80% loan. Beware that ABSD is payable since this will be your husband 2nd property.

For me to assist and advise in details, please drop me an email for me to share.

I can be contactable at my mobile or email.

CK Ang
 9046 3808 
res.ckang@gmail.com Read More

Hi,

Pls feel free to contact me to have a discussion.

Onassis Gan Eng Joo - CEA Reg No.: R021244C
CES Certified SG Realtor l SGRealtor.com
agent.myweb.sg (PropertyGuru) / agent.irealtor.sg (iProperty)

SG Hotline: +65 9222 2389 
MY Hotline: +60 111 078 8889
Email: Onassis@sgrealtor.com
Skype: incomecare

SG Commercial Websites
www.SGCBD.com
www.CBDSingapore.com
www.SingaporeCBD.com
www.CommercialSingapore.com
www.SgOfficeRental.com
www.SgShophouse.com

SG Landed Houses Websites – www.LandedGroup.com
www.SGGCB.com
www.SGBungalow.com
www.SGDetached.com
www.SGSemiD.com
www.SGTerrace.com
www.SGCluster.com

SG Districts Websites
www.BukitTimah.com.sg
www.Holland.sg
www.MarineParade.sg
www.SentosaIsland.sg Read More