Husband and wife buying — whose name should it be in?
Quick answer: Joint names with a joint loan usually raise eligibility because both incomes count. But if one spouse wants to keep 'first home' status for future aid, buying in one name may be more strategic. Talk to a lawyer about hibah and faraid.
For Muslims, consider a hibah to avoid future inheritance disputes.
Related questions
- How long does it take to buy a house and get the keys?
- Can people from outside Johor (e.g. Kelantan or Sabah) buy in JB?
- When is the best time to buy a house in Johor?
- Are auction houses in JB worth it?
Frequently asked questions
Husband and wife buying — whose name should it be in?
Joint names with a joint loan usually raise eligibility because both incomes count. But if one spouse wants to keep 'first home' status for future aid, buying in one name may be more strategic. Talk to a lawyer about hibah and faraid.