Can I transfer surplus Multiple Home Ownership Plans?
Yes, you may transfer some or all of your Multiple Home Ownership Projects to your family members, or any other persons, without incurring any penalties, provided they are prepared to join Home Equity Associates and W.A.I.C Inc., and take over the responsibility for the annual renewal fees. You may choose this option if you no longer need the higher advance amount, or as a means of reducing your future renewal fee commitments, or you may simply allow your excess Home Ownership Plans to lapse by reducing the number of renewal fee multiples in line with your reduced financial requirements. Unfortunately the Association can not provide refunds on lapsed or cancelled Home Ownership Projects.
