Hi All,
My husband and me are planning to purchase a new apartment. We are a working couple. so we are planning to take a joint home loan and we would like to register the new flat in both of our name as 50:50 owner ratio.
But my father-in-law would be providing the down payment amount to us.
I have come accross below question regd this:
1) Can my father-in-law pay the down-payment amount to our(husband & myself) joint s/b account ?
2) Do we mandatorily need to include his name in the purchase aggrement ?
3) If my father-in-law directly pays the down payment amount will there be any issue with my ownership in that flat ?
4) If my father-in-law transfer the amount and then we pay the down payment amount will there be any issue with my ownership in that flat ?
Waiting for your kind advise..
Thanks,
M Mitra
