QUOTE (Sassy Dingo @ 16/12/2012, 04:56 PM)
Does the property have a mortgage? If you do, the bank will have a registered interest in the property. Especially if the mortgage is in joint names, the bank is unlikely to release their mortgage to allow the change in title (it is in effect a sale of 50% of the property). If the mortgage is in both names and the house in only one name, it means that the bank loan to the person who is not on the title has no recourse.
DH and I have a joint mortgage where theproperty is in one persons name only.
We've also transferred property title on a residential property in Vic and incurred no stamp duty as it was for reasons of 'genuine love and affection'.