All Topics / Help Needed! / Query on 1st Home Grant

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  • Profile photo of jhsun3jhsun3
    Member
    @jhsun3
    Join Date: 2008
    Post Count: 2
    October 19, 2008 - 12:00 am

    Hi there,

           Back in 2001, I have sign up a home loan with my parents together, so they can get finace to buy a home. I am planning to buy a home for myself in next year two. If I transfer the entitlement of property back to my parents again(That home suppose for them only, however they can not get a loan that time, unless I put my name on it, so the entitlement is 50/50 interest b/w my parents and myself). Do I still eligible for 1st home grant?

    Many thanks

    Profile photo of Richard TaylorRichard Taylor
    Participant
    @qlds007
    Join Date: 2003
    Post Count: 12,024
    October 19, 2008 - 12:24 am

    Hi there

    I am assuming that you also had your name on the Title of the property (especially when you mention about Transferring your entitlement back to them) and if this is the case unfortunately the answer is NO.

    Richard Taylor | Australia's leading private lender

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