John 01 December 2015

Exchange of flats from same owner

Hi Forum,

I bought one 2bhk flat 2 years before from a builder and now I want to buy a 3 bhk flat with the same builder but a new project. But I still have some 40L lakh loan under the 2bhk flat.

Could you please suggest me how to go ahead in this? Will the law allow to exchange the flats so that my loan can be transfered to new 3bhk flat?

Please advice!!

Thanks,

John

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1 Replies

Adv. Yogen Kakade (+ 91 9225510883) 01 December 2015

Hi,

As you already have a loan over the earlier flat.. that means the said 2 bhk flat is hypothicated and if you want to buy a new 3 bhk flat.. then you can apply to the bank to keep charge on the new flat and release the earlier one.

Adv. Yogen P. Kakade

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