Can i get home loan if land & house owner are not same person ?
31-Jan-2023 (In Property Law)
History: 15 years ago my father and father's brother brought a old house and built a new house there but they didn't buy the land (it's very strange to me). Fact is the entire land in our street is owned by one guy and if we give 10 lac, he will sell it to us now since we are staying there for 15 years. 10 lac is much less than market price.
My father's brother wants to sell the house so me and my father thinking to buy his share of the hose which is 50% (20 lac).
Can i get a home loan to buy the house ? i know Mortgage Loan is an option but i prefer home loan because of lower interest rate and tax benefits.
An opinion from lawyers issued in letter form expressing legal conclusions about and/or legal analysis of a transaction or matter which is relied on by the addressee of the opinion. The main purposes of a legal opinion are: To inform the addressee of the legal effect of a transaction or matter.
Disclaimer: The above query and its response is NOT a legal opinion in any way whatsoever as this is based on the information shared by the person posting the query at lawrato.com and has been responded by one of the Divorce Lawyers at lawrato.com to address the specific facts and details.
Connect with top Property lawyers for your specific legal issue
No Comments! Be the first one to comment.
"lawrato.com has handpicked some of the best Legal Experts in the country to help you get practical Legal Advice & help."