Implementation Of A Maximum LTV of 70%, for 3rd properties and beyond only...
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 Nov 4 2010, 10:59 AM
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#1
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Senior Member
3,188 posts Joined: Jul 2007 From: A place called "home"  
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probably a "lost" for those young investors who purchased first and second low cost properties for investment, and then they want the third property for own stay (which usually worth higher)....
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Nov 4 2010, 11:09 AM
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#2
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Senior Member
3,188 posts Joined: Jul 2007 From: A place called "home"
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QUOTE(kyle9 @ Nov 4 2010, 11:06 AM) "Bank Negara Malaysia wishes to announce with immediate effect the implementation of a maximum loan-to-value (LTV) ratio of 70%, which will be applicable to the third house financing facility taken out by a borrower. Financing facilities for purchase of the first and second homes are not affected and borrowers will continue to be able to obtain financing for these purchases at the present prevailing LTV level applied by individual banks based on their internal credit policie" house financing facility is loanhouse financing facility means is loan, not 3rd property right? source: http://www.bnm.gov.my/index.php?ch=8&pg=14&ac=2159  in this case, is house financing facility for 3rd property, i.e. loan for your 3rd property |
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