Risks exist in the purchase of properties where there was a previous assignment at nil consideration or a deed of gift. Photo: Bloomberg
Opinion
Opinion
Concrete Analysis
What you need to know when purchasing properties with a previous deed of gift
- Potential risks include the purchasers not being able to obtain any, or sufficient, mortgage loan to complete the purchase
- Estate agents should bring the buyer’s attention to the possible risks when handling transactions involving such properties
Risks exist in the purchase of properties where there was a previous assignment at nil consideration or a deed of gift. Photo: Bloomberg
