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Natesh   04 October 2017

Partition deed of my parents property now gift deed to wife

Dear sir/madam Me and my brother made a partition deed of our own property.. Currently I have taken the mortgage loan against my partition deed. Now I am thinking to make a gift deed or sale deed to my wife after closing the outstanding balance. This gift deed or sale deed to my wife can we go for a home loan or purchase loan??


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 2 Replies

manoj   04 October 2017

call me to solve your query at cell no 8686159292

Kumar Doab (FIN)     04 October 2017

After registered partition deed the nature of property is self acquired.

The owner can dispose his/her self acquired property in favor of anyone by a valid/registered deed e.g; sale/gift deed.

The lender can sanction loan against property if title is clear and borrower is creditworthy and satisfies the T&C of lender.

It is lenders discretion.

Check with lender(s) of your choice in advance.


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