Registry of Property.
4 years ago
Hello,
We are going to purchase a property and taking loan on it on my own name but I want to the Registry on my Mother's Name.
Can you please tell me its possible? If Yes!!! What will be the procedure of it.
Thank You!!!
Shreyash Mohta
Responded 4 years ago
A.The bank shall not allow it.
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A.Dear Sir,
If Bankers accept then only you can purchase in the name of your mother.
If Bankers accept then only you can purchase in the name of your mother.
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SURESH KUMAR
Responded 4 years ago
A.Dear Client,
Purchase a property with a loan you must register in your name only if you add your mother as co-applicant in the loan than in both names property shall register. but your mother alone not possible.
Purchase a property with a loan you must register in your name only if you add your mother as co-applicant in the loan than in both names property shall register. but your mother alone not possible.
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BIR ABHIMANYU KUMAR
Responded 4 years ago
A.It is possible but after some processing and and if bank is agree with your condition
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Rameshwar Dadhe
Responded 4 years ago
A.Registration must on ur name for taking lone otherwise not possible
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A.The loan providing bank does not allow you to take loan in one name and get the registration done for another name. In case you want you mother to be a party to own the property then you will have to make her co applicant for the loan and then you can go ahead.
If you cannot make your mother as co-applicant then discuss with your bank and if they can allow the registration in her name by making her a guarantor.
If you cannot make your mother as co-applicant then discuss with your bank and if they can allow the registration in her name by making her a guarantor.
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