If you buy a house in the name of a minor child, you can't apply for a loan from the bank. If you want to buy a house in the name of your child, you need to buy it in full, or you need your child's parents and children to act as buyers together, and then notarize the repayment for your child and bear joint and several repayment responsibilities, so that parents can apply for a mortgage in the bank. In order to protect the interests of minors, houses purchased in the name of children shall, in principle, not be disposed of before children 18 years old.
The benefits of buying a house and writing a child's name
1, which can avoid some taxes and fees.
If parents directly register the house in the name of their minor children, it will save a lot of money, which is much more convenient than giving the house away or being inherited by the children in the future, and there is no need to worry that the children will have to pay inheritance tax in the future.
2. Avoid the risk of family bankruptcy and leave a way out for yourself and your children.
Some parents may have been engaged in business and accumulated a lot of wealth, so they buy real estate in the name of their children as financial management. If you are faced with risks such as business failure and insolvency, you can still keep part of your capital and leave a way out for yourself and your children.
3. When there is a crisis in the relationship between husband and wife, from the perspective of protecting the rights and interests of children, register the real estate in the name of the children.
It can not only provide a certain guarantee for children's life and study, but also effectively protect their rights and interests when the relationship between husband and wife is in crisis. Many couples are at odds and may get divorced. If they buy a house with the child's name written on it, the house will also belong to the child after the divorce. The house can only be temporarily managed by the party who has obtained custody of the child, and neither husband nor wife has the right to dispose of the child's property. This protects the rights and interests of children.
4. As the premarital property of children, real estate will not involve the division of property between married couples.
According to the new marriage law of our country, no matter how many years of marriage, the property before marriage will be owned by one party, and there is no need to divide it when divorcing. The house bought by a child when he is underage must belong to pre-marital property, so there is no need to worry about the divorce and separation of the child.