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Housing Loan - guarantor must be the co-borrower and include in the title ?

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Old 01-11-2017, 10:25 AM   #1
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Housing Loan - guarantor must be the co-borrower and include in the title ?

Hi ,

Would like to check does housing guarantor must be the co-borrower and included in the title ?

My Friend son wanted to buy a landed property as the first property , but his credit / income not sufficient . My friend wanted to be the loan Guarantor or even the co-borrower , but do no want to be part of the title , else the ABSD kick in and my friend already owned few property .


Please advice . Thanks
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Old 01-11-2017, 10:47 AM   #2
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Would like to check does housing guarantor must be the co-borrower and included in the title ?
Why not just check with the banks directly?

Things that we know of in the past, might change over time...

Many other factors come into play, like the age of the co-borrower as well...
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Old 01-11-2017, 07:29 PM   #3
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Banks are not allowed to have non mortgagor guarantor anymore. He has to be co-owner and you all have to pay additional buyer stamp duties
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Old 01-11-2017, 07:55 PM   #4
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Buy 1% of the property and be the borrower, pay only based on 1% stamp duty.
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Old 03-11-2017, 12:51 AM   #5
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If not mistaken , the ABSD will based on the owner with the most property count ? In this case .. no saving ..
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Old 03-11-2017, 02:11 AM   #6
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If not mistaken , the ABSD will based on the owner with the most property count ? In this case .. no saving ..
Should be respectively.
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