Co-owning a property assures many advantages ranging from higher loan eligibility to tax benefits. If you are looking for a new house, luxury flats and apartments in Calicut.Buying a new house is a daunting task following a colossal investment. It is a capital-intensive investment. Instead of opting for sole ownership of the property, home buyers increasingly prefer joint ownership for the various benefits it offers. The multiple benefits of joint ownership are
1. Increases loan eligibility
Increased loan eligibility is an important tax benefit of joint ownership. Generally, the home loan that can be granted from a bank depends on the monthly take-home salary of the applicant. If there is more than one applicant, the lender will grant a higher loan amount. The buyers can jointly apply for the home loan by listing themselves as co-owners.
2. Payment Flexibility
Joint application for the home loan to buy new premium apartments in Calicut eases the repayment process.
3. Hassle-free property transfer
In case of sudden demise/ accident of one property owner, the transfer of the property to the co-owner is a hassle-free process.
4. Income tax benefits
A joint home loan is beneficial to all co-borrowers who can claim a tax deduction. Under the income tax act, each of the home loan borrowers can enjoy the tax benefits.
Ladder Kerala, one of the most reputed builders in Calicut offers ultra-spacious premium lifestyle spaces across Kerala. Ladder Mankav Greens is the flagship residential project of Ladder Kerala at Mankavu in the heart of Calicut city. Which is equipped with world-class amenities and conveniences at perfect location ensures a quality life to you.
To know more about Ladder Mankav Greens http://ladderkerala.com/ladder-mankav-greens/
Call us at +91 9400470022 for more information
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