Helo All,

I Would like to know whether for this situation the vendor will be applied with LTV 70% rule or not?


Vendor A got 3 properties with the percentage of loan borrowed as:


1. Condo A - 90%
2. Condo B - 90%
3. Condo C - 70%


So when the vendor sell his\her condo A and has paid full settlement the situation will become:


1. Condo B - 90%
2. Condo C - 70%


So if the vendor decided to buy his next residential property will he \ she get 90% or 70% loan?


1.Condo B - 90%
2.Condo C - 70%
3. Condo D -70 or 90%?


Thanks !