QUOTE(MaxKHOO @ Sep 28 2013, 03:34 PM)
If joint name, still eligible for 90% bcoz in the CCRIS record, each of them only has one existing home loan. This is still consider as their 2nd loan individually.
Boss, are you sure, can share which bank can do so?
As per my understanding with few big banks with the BNM guideline, LTV 70% rule is based on number of total housing loans for all the applicants under the same credit application.
Home Loan 1 : Husband's name ( S&P Husband & Wife )
Home Loan 2 ( 2nd property ) : Wife's name ( S&P Husband & Wife )
Although this is their respective 2nd home loan for each of them but it would be the 3rd home loan based on the single Credit Application ( where both applicants already owned a total 2 existing housing loans )
Unless HL1 and HL2 is same property and joint name, then the new loan is eligible for max 90% loan.