Hallo, I have a question about property transfer from my father and then refinancing that property. However, as I'm overseas; I would like to see what options are possible to prepare for next year.

Appreciate any advise/feedback.

2 methods.

1) Direct transfer (if free from encumbrances) just appoint a lawyer to do it through land office and then refinance after.
2) Sales & Purchase agreement between father and son, the loan amount disburse to father. Then father give to son.

Hmm, very interesting. But wouldn't option (2) incur tax? Thanks for the time.

Both method also have to pay stamp duty.

Father to Son can get 50% exemption. Method 1 or 2 also the same. If you require a competent lawyer can pm me for info.

This post has been edited by Zwean: Nov 19 2020, 06:17 PM

The transfer part is no issue.

For refinancing, you need to show proof of income.

Proof of income not an issue, I refinanced a previous property of mine (4 years ago) in Malaysia when I bought a property in Europe. So I have existing mortgage loans with HLB.
Looking at the replies, (2) doesn't seem attractive because of the double blow of stamp duty + tax payable by my dad.
Thanks though!