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Hi, May I ask if my house S&P has 2 names, but the loan is only under 1 name, which is my name then in the future when my house is sold, does it means that the money needs to be split 50:50 if there is a profit? But I am the only one paying for the house.

Can anyone advise?
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1 Answer

Wayne Wee
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Yes, if the house is being sold, both owners will get 50:50 share from the selling price. Even though you are the one person who pays the installment, by law means the other party is still legally the owner that holds 50% of the share.

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