Me and my fiance is looking for our first property.
With my current financial condition, i should able to get the home loan pass, but after paying monthly installment, i have not much free cash on hand which is quite worrying
So we decided to split the installment in 6:4 ratio.

I am newbie in property, Guru2 said joint housing loan or ownership will make either party lose a title as first home buyer and subsequently lose some of the benifits.
In this case, im thinking is there any black and white i can do which agreed that this property owned by both of us with the mentioned ratio, but not adding my fiance name into the loan / house ownership?

Another noob question from me - how to define first home buyer? a guy without any housing loan or without any name on a property (I assume we can joint name on ownership but not joint loan?) ?

Looking for advices from sifu2 here TQ

This post has been edited by ultimate93: Feb 24 2022, 05:53 PM

Make sense…. How about the maximum loan amount for 2nd purchase? Will it be lesser?

thanks for the helpful input, these really cleared my doubt