Right move... prop should cold down... no more speculators buying houses without downpayment...
Implementation Of A Maximum LTV of 70%, for 3rd properties and beyond only...
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 Nov 3 2010, 07:00 PM
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173 posts Joined: Jun 2006 
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Nov 3 2010, 08:38 PM
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QUOTE(pinkdevil88 @ Nov 3 2010, 08:27 PM) Don't think this will affect the prices a lot too. speculators will still buy using family members name to get the 90% LTV. If their family members are eligible (provided sufficient income statement) it doesn't make any different before and after. Frankly, how many members will give their name for loan? |
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Nov 3 2010, 08:43 PM
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QUOTE(pinkdevil88 @ Nov 3 2010, 08:39 PM) Just some clarification. If a buyer finance his first propperty with bank 90% bank loan, but buy the second property by cash. Is he entitled to get 90% loan for the third property??? which will be applicable to the third house financing facility taken out by a borrower.Yes. |
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