Is diminishing partnership suitable for buying an apartment? | Ask Banky

Editor-in-Chief Mohamed Salah

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Editor-in-Chief Mohamed Salah

Is diminishing partnership suitable for buying an apartment?

Asked by Banky team 2 months ago 2 views
Banky team Reviewed editorial answer

In a real estate partnership, you need to know each party's ownership percentage, how the bank's share is gradually purchased, and the rent for the portion still owned by the bank.

Request a detailed share schedule, not just the monthly payment.

The figures, fees and limits in this answer vary by bank and change over time — confirm them with your bank or the official source before acting.

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