Dear all,

I have no experience in so what buying house/property.

As per title is it possible to have joint names on house but I am the one making the loan.

And if it is possible, will my wife (joint name) be able to get 90%-100% loan if she want to buy a house but this time under her name only?



Please advise

TQ

Did this before. No issue. House under 2 names with wife, loan only I took.

Thanks for replying.

So if ur wife want to get another house she can still get at least 90% loan? No problem at all?

This post has been edited by seizer: Oct 6 2017, 03:32 PM

can.

just make sure u inform bank (that loan under 1 name) upon loan application - this is called '3rd party loan'.

Most banks can do it.

ur wife quota still untouched.

But she will lose privilege as first time house buyer ( discount on legal fees & stamp duty).

Can do it. No problem.

Your wife asset consider untouchable if you're paying the loan urself.

She can buy any other property and apply for loan by herself

This topic has been discussed a few times before, it is never a good idea to have joint names on house, people who joint names do so because that's the only way they could afford the loan. Since you can apply the loan on your own, there's no need for joint name. If you want to give assurance to your wife, create a separate agreement or something.
Bear in mind if your house is on joint name and something happened to your wife (touch wood), her half-ownership might fall to her parent or siblings, and you might have a hard time trying to sell in the future

Interesting read from The Star which reminded me of this questions: http://www.thestar.com.my/opinion/columnis...nd-which-is-at/

1+ to this.

That depends on your strategy in the future on whether to park the loan under 1 person name to utilize the quota of the other person to take another 90% loan in the future for another property.

However, if 1 person's income is not sufficient to take on the loan then it's only recommended to take a joint loan borrowing.