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Hi, you will have to refinance the loan as the loan amount changes if it is only your portion.

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Landon Chew
97 39 60 40
landonchew@email.com Read More

Hi Sir/Mdm,

Once the ownership is transferred, only the sole owner can use his or her CPF to service the mortgage loan. Therefore, it is important to check whether the person taking over the flat is able to take up a sufficient loan to buy over the other parties share of the house.

Please feel free to contact me so that I can explain to you in greater details!

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Selling our house was a pretty stressful ordeal, as we have already committed to buying our new home and hence have a timeline to meet. Losing a substantial deposit and worse still, not getting our dream home caused many sleepless nights as we are nearing our deadline. I am very glad we have decided to switch to Nick and seek his help after the dismal performance of our first agent. Not only is Nick very patient in explaining things to us, time and time again he gives us reassurance to allay our worries. And he walked his talk.
With his help, we finally managed to sell our unit at a price within our expectations, before the deadline. Nick’s service is top notch – he is knowledgeable in his field, swift to respond, easy to communicate with and extremely accommodati Read More

Good day to you,

Based on the court order, you are executing the part purchase of the unit from your ex-spouse. Refunding the CPF and accrued interest that she have contributed is one of the main factor, you will also need to secure funding to redeem your current loan amount, and refinance the unit based on the current valuation.

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Regards
Mike Lim
 96929209 
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ERA Read More

Hi,

I would be most glad to assist you further and pls feel free to let me know if you need any assistance. Have a good day ahead. By the way, beside refunding to your ex wife CPF with accrued interred, your new loan will also be processed accordingly.

Regards
Aaron Chong
 9730 8455 
aaronchong2774@yahoo.com.sg Read More

The loan has to be refinanced to be under your name and you must have the necessary income to obtain the required loan in order to effect the transfer.

——

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Over the years, I have also established a network reaching out to more than 15,900 expatriates, bringing my market presence to both in and outside of Singapore. This has created an additional exposure when I manage my client's portfolios, on top of the conventional on and offline platforms, where other estate agents are relying on. This has allowed me to consistently convert leads into results.

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Hi

It is not so straightforward, you will have to do a re-assessment of your attainable loan amount so HDB can assess whether you are able to take over financially. You also have to refund the CPF utilized + accrued interest of your spouse for the property for him or her to exit. Relevant buyer stamp duties will also have to be paid, based on the market value of the share ownership transferred.

Hope the above clarifies. I am well-versed with HDB and private property transactions, having helped more than 100 homeowners transit smoothly with their housing plans. Please reach out to me at 97432395  for a more in-depth discussion :)

May I have more info on your requirements so as to make better recommendations? Thanks and looking forward to chat more

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1. **CPF Usage Restriction** – After ownership transfer, only the new sole owner can use their CPF for mortgage payments.

2. **Loan Eligibility** – The incoming owner must qualify for a loan sufficient to buy out the other party’s share.

3. **Mortgage Refinancing** – The loan must be refinanced solely under the new owner’s name.

4. **Income Requirement** – A stable and adequate income is necessary to secure the required financing.

5. **Financial Feasibility** – Evaluating affordability before proceeding is crucial to avoid financial strain.

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Hi,

1) No matter you are getting your loan from the HDB or banks. You will still need to apply for an HFE in order to complete this part-share sales.
2) * Note that there is a box to tick to indicate that this is a part-share buying in the HFE.
3) The HDB will know and will take in consideration of the current loan commitment and tabulate the loan accordingly.
4) The HDB will combine both loan into one.

All the best!

Please give me a thumbs-up if the answer provided is relevant to your main concern. Thanks!!!

Hope the above answers your main concerns, but if there are more queries, please feel free to contact me at 90110636  , or email: ling.ck7@gmail.com if more information is needed.
I'll be glad to assist.

Best regards
Ling CK
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