Hi all,

Would like your advise on this scenario.

My father and I had joint ownership of a condo, and the loan is under both of our names as well.
I am still servicing the loan.

Now, my father would like to transfer his share of the condo to me, thus making me have 100% ownership.

How can we proceed?
Do we need to engage with a lawyer?
Do I need to refinance with a new loan agreement?

Thank you.

Yes you need a lawyer for the transfer
1. change of ownership to the land office
2. new loan agreement, subject to bank approval as now only 1 person income to repay

all this will incur expenses

1. U can ownself do it without lawyer but it could be not easy and takes time.
2. Yes u need

Btw is it already got strata title? if not then could be even more complicated.