facebookUnder the Occupier and Owner scheme for a BTO unit, how much are the costs if the Occupier is subsequently added as the Owner for financing purposes? Heard there will Stamp Duty but unsure if it's 2+%? - Seedly

Anonymous

26 Nov 2020

Property

Under the Occupier and Owner scheme for a BTO unit, how much are the costs if the Occupier is subsequently added as the Owner for financing purposes? Heard there will Stamp Duty but unsure if it's 2+%?

What are the costs if the Occupier is subsequently added as the Owner for financing purposes?

AMA Stacked Homes

Discussion (1)

What are your thoughts?

Learn how to style your text

Ryan Ong

26 Nov 2020

Partner at Stacked Homes

Do you mean changing a spouse from an occupier to an owner? If so, it just requires that the person becoming an owner get an HLE letter (if there's an outstanding loan). After that there's a three month process with fees of up to $1k to add the person as an owner.

Write your thoughts