90,000+ Legal Questions Answered
Transfering flat title to wife name but flat on loan
2 years ago
My Father has 3 sons and wife
flat is on loan, loan is on me (Son) with my father name as co- applicatant on loan as he was 60 + ,
My Father got expired in covid 2020 and there is nomination mentonied on socity paper 100% share to his wife .
We want to transfer the flat tittle now on mom name .
Does we required noc for bank it or it can be directly done.
does give noc for it or does we required to make any document on it
A.Dear Client
If the flat is on loan then it cannot be transferred to a new name without getting NOC from bank.
Hope this clarifies your doubt and requirement.
Thank you.
If the flat is on loan then it cannot be transferred to a new name without getting NOC from bank.
Hope this clarifies your doubt and requirement.
Thank you.
Helpful
Helpful
Share
A.Dear Client
As long as there is a loan on the property the flat can not be transferred into a new name without the permission or NOC taken from the bank. The bank would wish to ensure that the EMI should keep coming and in case of any default the owner should be made liable to pay.
As long as there is a loan on the property the flat can not be transferred into a new name without the permission or NOC taken from the bank. The bank would wish to ensure that the EMI should keep coming and in case of any default the owner should be made liable to pay.
Helpful
Helpful
Share
Read Related Answers
Inheritance Rights Dispute Over Mothers Property in Bengaluru
Dear Client,
A property when left by the deceased owner intestate i.e, without any will, is devolved upon the surviving legal heirs in equal share following the law of inheritance/succession. After t...
EWS Certificate
Dear Client,
The death certificate of a deceased person is a crucial document that is mandatorily required for the issue of a legal heir certificate either by the Municipal Authority or to apply for a...
POA from SriLanka to India citizen Resident Indian
Dear client,
If the seller of the property is not now in India, he can still execute a POA abroad, but the process is slightly different. His first step is to visit the Indian Embassy or Consulate in...
Darkast agriculture land sale
Dear Sir,
If there is perpetual restraint from selling the land then the grandson cannot sell without the permission from the Deputy Commissioner. The conditions in the Darkasth to be read.
Mutation of property in authority records based upon registered gift deed
Dear Sir,
Yes, the mutation will be taken place as jointly in respect of your respective wives. You have to produce certified copies of both the Gift Deeds.
Read Blogs on Property
Property Lawyers
Find Lawyers by Location
