Lawyer's Corner v2, One-stop centre for any legal queries
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 Dec 30 2011, 11:25 AM
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#1
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Junior Member
184 posts Joined: Jun 2009 
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QUOTE(dariofoo @ Dec 29 2011, 10:27 AM) Is the property still encumbered to the bank? Or is title clean? the house is clean title under my name, now i wish to put only my wife name, which way is cheapest way to do this? |
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Dec 30 2011, 03:39 PM
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#2
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Junior Member
184 posts Joined: Jun 2009
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QUOTE(dariofoo @ Dec 30 2011, 01:45 PM) Excellent. Do a clean transfer with "love and affection from husband to wife" as consideration via a memorandum of transfer (MOT). thanks 100% exemption upon stamp duty on the MOT and perhaps just few hundred in disbursements. Legal fees would be a reasonable figure not more than the scaled fees according to the market value of the property at the time of transfer. In other words, it's negotiable. The work is minimal anyway, as there is no SPA involved. Don't be tricked into paying more for preparation of Deed of Gift, etc. That is not needed based on the facts of your case, i.e. from husband to wife. All in all, can be completed within 3-4 weeks at the soonest.   |
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Apr 5 2012, 07:30 PM
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#3
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Junior Member
184 posts Joined: Jun 2009
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Hi dariofoo
I’m doing a clean transfer with "love and affection from husband to wife" as consideration via a memorandum of transfer (MOT). The lawyer says I need to do consent because the state authority request it when do name transfer, may I know is this true? |
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