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Queries on house purchase transaction

This query is : Resolved 
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(Querist)
30 May 2016 Hii all,
Please help on following queries..
Situation: My Uncle is planning to buy a property at Nagpur. I am planning to support him financially by extending a bank Home loan on the same. In relation to this proposal, my queries are:
1. Whether it is possible to apply for home loan for a property which will not be in my Name?
2. We don't want to get the Sale deed registered as it will save our Rs. 2 Lakhs. Property is legal and Society share transfer would be done with proper documents. Whether this would be a hindrance for applying home loan?

Your assistance would help in taking correct decision. Thanks. :)
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CA Rohit Jain

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CA Rohit Jain (Expert)
30 May 2016 No its not possible to get home loan if you are not owner of the property.
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Dhirajlal Rambhia

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Dhirajlal Rambhia (Expert)
16 October 2021 Possible, if you are joint holder in the property.
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