tough time ahead very soon in MY.....just received latest insider info that 1 major foreign bank decided to cutback property loan to only 60%-70% financing regardless of commercial, residential, etc. This also applicable to 1st property owner unless falls under RM220k residential prop. Heard other local banks are likely to follow suit .....
Seems the bank has identified some big risk is coming very soon in the horizon......
those still gangho to BBB, better check with your banker first before making any commitment......
Implementation Of A Maximum LTV of 70%, for 3rd properties and beyond only...
Jul 22 2011, 12:23 PM
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