hello

currently the loan is 100% under my name
but condo joint name 50 % / 50 % with gf

VP in Dec 2022 and would like to change to 100% ownership under my name, spoken to legal firm, they are ok to do so , developer approves, but ask to get permission from bank, however when i enquire from the bank on approval to change the ownership to 100% my name, they reply as below


Following up to your concern pertaining change the home ownership from 50% / 50% to 100%, regret to inform you that the Bank is not able to accede since the security is still under Assignment whereby Strata Title has yet to be issued and Bank charge has yet to be created.

means what ya? sorry dont understand all the terms, any ways i can do now please? wait strata title then request from bank again?

thank you

thank you all for the replies

back and forth i sent messages to bank and never reply my simple question, after obtain consent from co registered owner, can directly inform the bank on the changes without doing refinancing ? upon receiving strata title

btw how to know or check or obtain info when can strata title be issued please?

why not ? the loan is already 100% under my name
i just change house ownership name ma



wattt, wait few years? might as well i refinance now but how does it work, say my loan 500k, refinance another 500k ? or bank only allow 450k loan i need pay them 50k like that?



https://forum.lowyat.net/topic/4574304

thread started april 2018.. hmm