Banking regulation on home loan on gifted property

11 July 2018
Dear Expert,
Recently I going to be purchased a house property whichever given to the owner in Gift. The Gift deed is duly registered but contain condition of nontransferable of aforesaid house property. When I consulted from my home branch manger for home loan, he said he didn't gives loan on gifted property, because of condition of non transfer-ability. please help ?


Click to Talk 11 July 2018
You can't buy the property as the owner doesn't have the right to sell. Conditions put on gifted property prevail.

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