Q&A: HDB Ownership and Removing Names from Property Titles
Q: A lady, 35 years old, wants to buy her own HDB now. However, a few years back, her mum placed her name as the owner of the current flat they stay in. What can she do? Can she email HDB to have her name taken out?
A: It's not uncommon for situations like these to arise, and there are specific reasons why a parent might include their child's name in the flat's ownership. Often, it's to utilize the child's CPF savings and, in some cases, their age for loan eligibility.
To remove the daughter's name from the property title, she would need to refund the amount that was used from her CPF savings in cash. Additionally, this can only be done if her mum can continue servicing the loan on her own.
Q: Assuming that this current flat is fully paid up. Sometimes, for personal reasons, people want to remove a name from the property title. Her father passed away back then. Is it possible to remove the name, particularly regarding the CPF part?
A: In scenarios where the property is fully paid up and there are personal reasons for wanting to remove a name from the property title, it's essential to understand the original reason for adding the name, which is often linked to using the daughter's CPF to finance the property.
If the original reason is no longer applicable, it's likely that the daughter's name can be removed from the property title. However, this would involve a process with HDB to ensure the smooth transition of ownership.
In summary, removing a name from an HDB property title is possible, but it's essential to understand the initial reasons for adding the name and to follow HDB's procedures to make the necessary changes. If you find yourself in a similar situation, it's advisable to reach out to HDB or consult with a real estate professional for guidance on the specific steps to take. We're here to provide guidance on HDB ownership matters and assist you with any questions or concerns you may have.
Reach out to us today for expert advice and support on your HDB property journey. Whether it's removing a name, buying a new flat, or any HDB-related inquiry, we're here to help you navigate the process smoothly. Your property goals are our priority.