Suppose My Mother owns a house property in a town. Can I buy it from my mother taking Home loan from bank?



* My Question is that whether this purchase is possible.
* Can I able to get the Tax benifit from the Home Loan?

Suppose My Mother owns a house property in a town. Can I buy it from my mother taking Home loan from bank?
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3 Replies to “Suppose My Mother owns a house property in a town. Can I buy it from my mother taking Home loan from bank?”

  1. Do you mean by just taking over the loan? No you will have to get your own loan. IF you do assume the loan then she still will get the deductions unless the home loan is in YOUR NAME.

    Sorry just noticed you are in India and this advice may not apply!


  2. yes you can buy the house from your mother and get it registered in your name.
    you will get a loan
    you can claim all benefits ( income tax wise ) on the loan amount and interest to be paid on that.






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