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I have a 2 BHK flat with my name, the flat is on home loan. I want to transfer the flat to my wife name but I will be paying the loan, my wife will not be liable to pay the loan amount. How can I achieve this? What all possibilities are there?
Sir, You will require your lender's approval before you can sell the property that you now owe money on. This approval is usually given in the form of a letter that includes the payment amount that will completely settle the outstanding loan. For further legal assistance contact us on our helpline number.