Hi, my sister is selling me her half of a QLD property I own with her.
The loan is with westpac. The new loan I'll have to take out to buy my sisters share will also be with westpac.
Now what is required?
I've heard conflicting info. Do I need a contract of sale?
Broker said I need a contract of sale, but then tonight my sister said the "dept that charges stamp duty" told her you don't need a contract of sale.
I've self acted for all my purchases so far, but this one is obviously a bit different.
We have an agreed value to buy out her share.
I remember speaking to westpac and they mentioned a form I could get from their website to fill out to transfer over the loan or ownership or something along those lines, however I completely forget what they said exactly. May need to give them another call.
I'll obviously need a transfer form, form 1 and form 2 or whatever they are, I'm sure that bit of it all will come back to me...
Any guidance is appreciated.
Thanks
The loan is with westpac. The new loan I'll have to take out to buy my sisters share will also be with westpac.
Now what is required?
I've heard conflicting info. Do I need a contract of sale?
Broker said I need a contract of sale, but then tonight my sister said the "dept that charges stamp duty" told her you don't need a contract of sale.
I've self acted for all my purchases so far, but this one is obviously a bit different.
We have an agreed value to buy out her share.
I remember speaking to westpac and they mentioned a form I could get from their website to fill out to transfer over the loan or ownership or something along those lines, however I completely forget what they said exactly. May need to give them another call.
I'll obviously need a transfer form, form 1 and form 2 or whatever they are, I'm sure that bit of it all will come back to me...
Any guidance is appreciated.
Thanks