Reported 7 months ago
The Central Bank announced its sixth round of credit control measures, lowering the loan-to-value ratio for the second home loan. This will impact home swappers and sellers, who will now need to prepare more self-funded payments to bridge any financial gaps. The regulation also raised banks' reserve requirement by one percentage point, which may affect loan amounts and customer selection criteria. The new policy is effective from June 14th this year.
Source: YAHOO