What is the procedure to change name in SPA?

Lowyat.NET forums

Lowyat.NET Kopitiam Garage Sales

Lowyat.NET Rules and Regulations FAQ Help Search Members

Welcome Guest ( Log In | Register )

Lowyat.NET -> Property Talk -> Property Q&A

Bump Topic Topic Closed RSS Feed

Outline · [ Standard ] · Linear+

What is the procedure to change name in SPA?, Pls advice.

views

hanhanhan	Oct 23 2017, 04:57 PM Return to original view \| Post #1
(͡ ͡° ͜ つ ͡͡°) Senior Member 1,203 posts Joined: Oct 2006 From: Kuala Lumpur	» Click to show Spoiler - click again to hide... « QUOTE(Ryosuke_82 @ Oct 23 2017, 12:26 PM) 're-financing under my name is completed" - you mean you have obtained a third party charge/assignment for the 2nd loan? Yes. Previous property loan was under joint name (my elder bro and my name). I have re-financed the property loan to another bank under my name only. If yes, then your elder bro has to sell his half portion to you via a proper SPA and you have to obtain another loan. My elder bro is willing to transfer his half portion to me at no cost. So, it is only changing of name in SPA from joint name to my name only. easy way - get another loan. do a SPA to transfer ur bro's half share to you. u would still need to pay stamp duty based on 1/2 share of the current market value. hard way - write in and request your bank whether they allow the transfer (usually they wont).
Card PM	Report Top Like Quote Reply

« Next Oldest · Property Q&A · Next Newest »

Topic ClosedOptions

Change to:

0.0137sec

0.23

6 queries

GZIP Disabled
Time is now: 7th December 2025 - 07:05 AM

All Rights Reserved © 2002- 2025 Vijandren Ramadass (~unite against racism~)

Removal Request

Powered by Invision Power Board © 2025 IPS, Inc.