My wife is willing to purchase a flat. As per her salary structure, she can avail home loan in her name. I have some questions on this ::
a) Is it legally compulsory for husband and wife to request for a home loan? Isn't it possible that the loan can ONLY be taken by my wife's name? I already have some liabilities on me (personal, educationa loans) and hence do not want to request for home loan jointly.
b) Even if it is mandatory to request jointly, during property registration, can the property be named only in my wife's name?
c) As my mother-in-law is contributing largely in buying this property, can her name be included as joint owner, alongwith my wife?