Loan Query
- Thread starter vmmg1992
- Start date
You can have one person or both on the title. You can also divide the ownership from as little as 99%/1% depending on the banks policy but definitley 90/10 split or a variation.
Idealy this is decided before a contract is signed encompassing Terrys points but can be changed after the fact via a variation.
Best practice is to consult your accountant and property lawer before entering a transaction. This rarely happens unless advised correctly.
Idealy this is decided before a contract is signed encompassing Terrys points but can be changed after the fact via a variation.
Best practice is to consult your accountant and property lawer before entering a transaction. This rarely happens unless advised correctly.
If the property is negatively geared then generally its the higher income earner that would benifit most.
I would still want my name on the title if I had the lesser income, even if only a nominal 1%.
Bear in mind a neg geared property eventually goes positve in the medium term.
I would still want my name on the title if I had the lesser income, even if only a nominal 1%.
Bear in mind a neg geared property eventually goes positve in the medium term.
sounds like you don't understand the issues. Look at my first 3 newsletters on structuring which answer some of your unsaid questions. http://www.loan-experts.com.au/article/
