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Owning 50% of a property without having my name on the original bond?
165
Posts
EW NEWBIE
Latest post on
28 March 2011 - 09:43
Hi Ladies, I am hoping one of you would be able to advise whether it is possible to own 50% of a property without having the morgage/bond on your name?
Basically my brother and I want to buy a house together in SA for my mom to live in, but I have been finding it very difficult to get a bond on my name, as all the banks expect atleast 50% of the value upfront (which I dont have) so we were discussing the possiblities of perhaps drafting a lawyers contract/agreement stating that I own 50% of t he property, and I will pay him 50% of the bond repaymets each month.
Is this possible?
TIA
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EW MASTER
Latest post on
28 March 2011 - 10:59
- RATE IT
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