Can elder brother buy property via absolut and ln from bank

S Sumathi (Querist) 18 March 2022 This query is : Resolved
Can brother buy property via absolute sale deed from own sister through home loan from nationalised bank in bangalore, because bank is refusing to find such property.

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A brother can legally purchase a property from his sister through an absolute sale deed. Banks may initially refuse such transactions, but there are no legal impediments. It is advisable to consult the bank's legal advisor to clarify any concerns and ensure a smooth process.

kavksatyanarayana (Expert) 18 March 2022
A brother can buy a property from his own sister. So first take opinion from the bank legal adviser.

Dr J C Vashista (Expert) 19 March 2022
There is no legal impediment in sale / purchase of property between sister and brother, it is legal and valid transaction.

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