Applicable to the third house financing

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Bank Negara Malaysia wishes to announce with immediate effect the implementation of a maximum loan-to-value (LTV) ratio of 70%, which will be applicable to the third house financing facility taken out by a borrower. Financing facilities for purchase of the first and second homes are not affected and borrowers will continue to be able to obtain financing for these purchases at the present prevailing LTV level applied by individual banks based on their internal credit policies. The measure aims to support a stable and sustainable property market, and promote the continued affordability of homes for the general public.

Comments

  1. Chin NeeNovember 6, 2010 at 1:16 AM

    good for economics as no bubble burst in property.. but for nation.. i'm not so sure..

    ReplyDelete

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