Spouse on title other spouse on mortgage.

Discussion in 'Loans & Mortgage Brokers' started by Lamby, 16th Apr, 2016.

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  1. Lamby

    Lamby Member

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    In the process of buying a block of land for investment purposes with the in-laws and want to structure it so that the respective wives are on the title (cgt reasons, both stay at home mums). However the loan will need to be done using my and my father in law's income for servicing.

    Have started the ball rolling via CBA, loans won't be crossed, etc and in that discussion it went from having all four on the loan to just the husbands. At the time I thought "fair enough" but since thinking about it I've begun to wonder if that's actually possible?

    Before I chase it up Monday I thought I'd ask here, have done a search of propertychat and somersoft but couldn't find anything that matched these circumstances.
     
    Lamby, 16th Apr, 2016
    #1
  2. Terry_w

    Terry_w Lawyer, Tax Adviser and Mortgage broker in Sydney Business Member

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    Terry_w, 16th Apr, 2016
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  3. Scott No Mates

    Scott No Mates Well-Known Member

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    I thought that the op had 2 spouses ;)
     
    Scott No Mates, 16th Apr, 2016
    #3