The criteria based on existing mortgage under one name, so long there are 2 existing mortgage under one name then the 3rd one cap at 70%

Hi all, I have never bought any house before so I am not too familiar with how the loans work as compared to new property. But I was wondering normally if we buy subsale house, the maximum loan that we can get is it different if its your first house vs 2nd house onwards? Thanks in advanced.

I see. So best case is 15-16% if they allow you to finance the bank legal fees right? Also just curious is there any options available to finance the downpayment and/or snp for short term?

Ok thanks this clarification makes things clearer. All the while I thought its based on the property you own. So theoretically does this mean if you sell your existing property first to clear off the loan before going for the next one you will be always eligible for 90% loan?

I see. But for 3rd property 90% that is a special exception made recently right? So if the government remove it then it will be back to 70% non-negotiable? Just asking to have better understanding. I doubt I can afford to have 3housing loans at a time