Asked by Knack 1
Hi
I am under 35 and looking to purchase (co-own) a flat with my mom. She has already taken more than 2 HDB loans. This means I will not be considered as a first-time buyer if I co-own the flat with her.
Our only option now is to finance our flat through a bank loan. However, we are not able to come up with the required 5% downpayment and other applicable fees (stamp duty/lawyer fees).
Are there any other solutions to this? We need to purchase a flat urgently. Renting is not an option for us.
Please help!
I am under 35 and looking to purchase (co-own) a flat with my mom. She has already taken more than 2 HDB loans. This means I will not be considered as a first-time buyer if I co-own the flat with her.
Our only option now is to finance our flat through a bank loan. However, we are not able to come up with the required 5% downpayment and other applicable fees (stamp duty/lawyer fees).
Are there any other solutions to this? We need to purchase a flat urgently. Renting is not an option for us.
Please help!
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