Whose name?

[INVSTOR]

If we are purchasing a property and using equity in another property that is in my husbands name, can we purchase 50/50 in both names, or should it be 100% husbands. It will be a 105% lend, I guess he could go guarantor for me? It's a last minute decision Was going to go with bank A that we both have loans with, but realising we have more equity with unaproached bank B, thinking that would be a better option as I've decided to purchase something more expensive that is better value.

 

[Rolf Latham]

If we are purchasing a property and using equity in another property that is in my husbands name, can we purchase 50/50 in both names, or should it be 100% husbands. It will be a 105% lend, I guess he could go guarantor for me? It's a last minute decision Was going to go with bank A that we both have loans with, but realising we have more equity with unaproached bank B, thinking that would be a better option as I've decided to purchase something more expensive that is better value.

the lending need not dictate the title split.

Speak with your accountant as to what they thing.

your lenders / brokers can then put it together to make it work best for you

ta
rolf

 

[INVSTOR]

Thanks, will do!