All Topics / Legal & Accounting / changing title & loan details failed relationship qld

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  • Profile photo of mlbmmlbm
    Member
    @mlbm
    Join Date: 2010
    Post Count: 1

    Just needing some advice on costs and how to change details of house title and loan details after defacto relationship break up
    for 1st house.

    Thanks mlbm

    Profile photo of Richard TaylorRichard Taylor
    Participant
    @qlds007
    Join Date: 2003
    Post Count: 12,024

    Hi Mlbm

    Sorry to hear about the breakup.

    As far as the Transfer document goes this is fairly straight forward and can be done under the Love and Affection clause in Qld.

    The loan will mean refinancing the whole loan as the property will on settlement only be in the one name so hence the loan will be in the same name and you will need to ensure you can qualify for the entire new debt.

    Richard Taylor | Australia's leading private lender

    Profile photo of Grow SMSFGrow SMSF
    Participant
    @evolve
    Join Date: 2009
    Post Count: 66

    In QLD you will probably have to send forms off to the Office of State Revenue to get is stamped as $NIL transfer duty payable before sending anything off to those 'people' at the Titles Office.

    See if you can get your ex to pay for a conveyancing – you may be able to save some further heartache.

    Onwards and upwards!

    Grow SMSF | Grow SMSF
    https://growsmsf.com.au
    Email Me | Phone Me

    Self-Managed Super Fund (SMSF) Specialist Accountants

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