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 Implementation Of A Maximum LTV of 70%, for 3rd properties and beyond only...

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tiffneedle
post Nov 10 2010, 11:03 PM

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QUOTE(eric.tangps @ Nov 9 2010, 12:00 AM)

My intepretation :

1. 3rd House Financing - 3rd Property Financing to be taken with any financiers.  Financiers can check the financing via CCRIS which will report under House Financing.  I believed it will be irrespective under Single or Joint.  So as long as 2, 90% and 3rd falls into 70%.

2. Borrower term is subjective, could be individual or company.  Best singled out both - 70% if 3rd property but Company, not sure if check Directors too. 

Should be clear in few days time, as usual govt loves to give out vague guidelines.
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Directors does not matter, the loan is based on the company's name.

 

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