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 new leasehold condo, can get 90% loan?

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Jasoncat
post Mar 16 2016, 12:31 PM

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QUOTE(Denise_D @ Mar 10 2016, 11:08 AM)
Dear sifu....

i got one question in mind. i Plan to buy a leasehold condo (new) and is still under construction.

can i get 90% loan from bank? due to is a leasehold?

appreciate all advice....

thanks
*
From regulatory perspective, provided that you don't have 2 or more residential loans that remain outstanding, then you may obtain 90% margin of financing. Of course, it is still subject to other considerations eg your credit profile.

 

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