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Want to take home loan under property owned by mother
03-May-2023 (In Banking / Finance Law)
HI, i am a unmarried girl ,I want to take a home loan but i dont want to take the ownership of that property, i am only paying the payment while my mother is paying half money of that property and half will pay by me through home loan. can it possible that ownership of that appartment will name of my mother . please advice.
Yes, you make the title deed of the property in your mother’s name and you can take loan on such property and jointly pay back the loan. In case of bank loan it does not matter who makes the payment as long as bank receive the installments.
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Adv. Siddhant Sharma
Delhi | 200+ Answers
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