Non-resident Mortgage
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Joined: Feb 2003
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Non-resident Mortgage
I have PR but my partner is still on a workpermit. We are trying to buy a unit in Sydney and if his name goes on the title will need Foreign Investment Review Board permission as he does not have PR yet. This takes a month, and we may lose the property in the meantime.
Does anyone know if the bank will allow us to leave his name off the title even though we are getting a joint mortgage? If he is not on the title we don't need FIRB permission as I am allowed to buy property unrestricted with PR.
Thanks
Does anyone know if the bank will allow us to leave his name off the title even though we are getting a joint mortgage? If he is not on the title we don't need FIRB permission as I am allowed to buy property unrestricted with PR.
Thanks