Dual home registration of brother and sister.
sanket salgaonkar
(Querist) 04 December 2013
This query is : Resolved
Hi...
My Wife and his Brother got one flat for redevelopment of there existing House in Dombivli. This property is come under Grampanchyat.
They have registered the New flat on the name of Both i.e. Brother and sister(my wife)
Now they are trying to obtain loan from banks but they are denyed by banks resoned property is in grampancyayat and registration between brother and sister.
Kindly suggest me how to go further
Thanks
ajay sethi
(Expert) 04 December 2013
if title to property is not clear no bank will grnat loan . it appears property does not come within muncipal limits . no building plans are sanctioned no occupation certifcate issued . banks dont want to take any chance and grant loans to suchh property
BAALASUBRAMANNYAMM
(Expert) 04 December 2013
Registration of a deed in between brother and sister, is not a cause for rejection of a loan by bank. I agreed with the opinion of Mr. Ajay Sethi, the rest of things.
Rajendra K Goyal
(Expert) 04 December 2013
Property in the name of two is no reason to deny loan. If construction plan is proper, duly verified cost aspects, Bank should not deny the loan. Talk another Bank preferably some nationalized Bank.
