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 What's next after full settlement, Title transfer, lawyer etc?

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shaniandras2787
post Oct 30 2017, 04:24 PM

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QUOTE(jetwash @ Oct 25 2017, 09:09 AM)
What if we discharge to another name? Let's say I've settled house loan under my name, now want to change ownership to wife (only). Would it be like selling the house to her, legal cost-wise?
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You don't need to "sell" the property to your spouse if you want to just transfer the ownership. A simple transfer can be done. Legal costs wise will depend on the market value of the property. That's how the legal costs is derived from.

Stamp duty is waived.

 

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