Warm Greetins all !
Please advise solution to the below issue.
I Purchased an apartment recently and is jointly registered on my wife name and my blood brother (Younger). My wife is the primary loan appilicant and my brother is the secondary applicant , where the loan was sanctioned by SBI.
As my wife salary was not eligible to get the loan amount we wanted i had to join my brother as secondary loan applicant (I was not eligible for loan for other reasons).
My wife herslef is bank employee and wants to transfer the loan to her bank(Now she is eligigble for the loan amount we raised earlier in SBI) on to her name alone , however her bank is skeptical on the relation of the joint loan granted by the SBI.
Please advise an amicable solution as my brother wants to exit this and apply a home loan for himself on other side(own purchase) and is supportive to resolve this issue by agreeing to all required proceeding's to transfer the property on my wife name.
Thanks in Advance,
Regards,
Pavan Kumar Reddy.G
