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> Buying house with friend

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TSwhippy
post Jan 11 2019, 10:21 AM, updated 6 months ago

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I'd like to know whether it's possible to buy a house with friend.
Also, we cannot lie that we're cousins because we're of different race too.

I'm guessing SPA no issue but may be hard to get loan from banks.

Anyone know if it's possible?
freeman1
post Jan 11 2019, 10:30 AM

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Definitely can... even no blood relation also can... problem is that u will definitely regret in future
murali20
post Jan 11 2019, 10:30 AM

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legalize gay marriage
TSwhippy
post Jan 11 2019, 10:34 AM

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QUOTE(freeman1 @ Jan 11 2019, 10:30 AM)
Definitely can... even no blood relation also can... problem is that u will definitely regret in future
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lmao regret is a story for another day. with family also possible same issue will arise.
is there any bank known to have grant financing for people with no blood relation?
skylee18
post Jan 11 2019, 10:41 AM

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QUOTE(whippy @ Jan 11 2019, 10:21 AM)
I'd like to know whether it's possible to buy a house with friend.
Also, we cannot lie that we're cousins because we're of different race too.

I'm guessing SPA no issue but may be hard to get loan from banks.

Anyone know if it's possible?
*
"There is no limit as to how many people can take a loan with you but you can only apply for a joint loan with your parents, siblings or spouse aged 18 years old and above but not exceeding 60."

http://www.starproperty.my/index.php/artic...ng-joint-loans/
TSwhippy
post Jan 11 2019, 11:02 AM

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QUOTE(skylee18 @ Jan 11 2019, 10:41 AM)
"There is no limit as to how many people can take a loan with you but you can only apply for a joint loan with your parents, siblings or spouse aged 18 years old and above but not exceeding 60."

http://www.starproperty.my/index.php/artic...ng-joint-loans/
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That’s helpful I guess :/
BelaCHAN
post Jan 11 2019, 11:05 AM

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Please, please, dont.

99% chance you will regret.
mini orchard
post Jan 11 2019, 03:12 PM

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QUOTE(whippy @ Jan 11 2019, 10:34 AM)
lmao regret is a story for another day. with family also possible same issue will arise.
is there any bank known to have grant financing for people with no blood relation?
*
MBB
CIMB
PBB
HLBB
OCBC
HSBC
CITIBANK
BANK ISLAM
RHB
UOB
STANDARD CHARTERED BANK
ALLIANCE BANK
AFFIN BANK
MBSB
AMBANK
BANGKOK BANK
BANK MUAMALAT
AL RAJHI
BANK SIMPANAN NASIONAL
BANK RAKYAT
ALKHAIR INTERNATIONAL
KUWAIT FINANCE HOUSE

You can ask any of the banks above. Shouldnt be a problem if banking records are good.

EXCLUDE Bank Negara.
airtawarian
post Jan 12 2019, 12:36 PM

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Stupid by with friend. You will regret forever. Mark My word
shaniandras2787
post Jan 12 2019, 04:18 PM

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QUOTE(whippy @ Jan 11 2019, 10:21 AM)
I'd like to know whether it's possible to buy a house with friend.
Also, we cannot lie that we're cousins because we're of different race too.

I'm guessing SPA no issue but may be hard to get loan from banks.

Anyone know if it's possible?
*
it's possible but not advisable because relationship don't last forever. try to think about this, what happens if both of you one day decided not to be friends anymore?
mini orchard
post Jan 12 2019, 09:15 PM

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Joint name with anyone is not a problem.

When 'no more friend' husband/wife, sister/brother also problem.
WaCKy-Angel
post Jan 12 2019, 09:20 PM

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QUOTE(whippy @ Jan 11 2019, 10:21 AM)
I'd like to know whether it's possible to buy a house with friend.
Also, we cannot lie that we're cousins because we're of different race too.

I'm guessing SPA no issue but may be hard to get loan from banks.

Anyone know if it's possible?
*
Possible
jimmyng
post Jan 15 2019, 10:30 PM

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From: Negeri Sembilan


QUOTE(BelaCHAN @ Jan 11 2019, 11:05 AM)
Please, please, dont.

99% chance you will regret.
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Friend become no friend bruce.gif bruce.gif
Unless you guys draft out an agreement on how to sell or rent out the place, if not, better don't share with friend
AmIRight?
post Feb 9 2019, 06:16 AM

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please dont buy with friend. it is better dont buy at all
nexona88
post Feb 9 2019, 11:48 AM

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Huhuguh..
Never ever do that..
Friend can become enemy anytime soon 😴
Yggdrasil
post Feb 10 2019, 08:42 PM

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As others said, never buy a house to live in with friends.
If for investment purposes, establish a partnership together or private company to do this. Do take note it's still risky especially your friend is bad with managing finances.
brkli
post Feb 11 2019, 04:57 PM

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legally, there aren't any problem.

but like most people had mention, sometimes things might gone bad and you are tied together by this property.
Leo the Lion
post Feb 12 2019, 08:50 AM

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QUOTE(whippy @ Jan 11 2019, 11:34 AM)
lmao regret is a story for another day. with family also possible same issue will arise.
is there any bank known to have grant financing for people with no blood relation?
*
Compare with family.... with friend, it'll DEFINITELY be an issue. Unless you swear an oath for gay marriage with him
Harry_Bobinski
post Feb 15 2019, 11:24 AM

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QUOTE(mini orchard @ Jan 11 2019, 03:12 PM)
MBB
CIMB
PBB
HLBB
OCBC
HSBC
CITIBANK
BANK ISLAM
RHB
UOB
STANDARD CHARTERED BANK
ALLIANCE BANK
AFFIN BANK
MBSB
AMBANK
BANGKOK BANK
BANK MUAMALAT
AL RAJHI
BANK SIMPANAN NASIONAL
BANK RAKYAT
ALKHAIR INTERNATIONAL
KUWAIT FINANCE HOUSE

You can ask any of the banks above. Shouldnt be a problem if banking records are good.

EXCLUDE Bank Negara.
*
You forgot Bank of China LMAO



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