Reported 8 months ago
Starting from June 14, the Central Bank of Taiwan implemented its sixth wave of selective credit control, reducing the maximum loan-to-value ratio for a second housing mortgage in specific areas from 70% to 60%. Public sector banks clarified that applications submitted by June 13 (inclusive) can still be lent up to the previous 70% limit, while applications submitted after June 14 are subject to the new regulations. The Central Bank emphasized the importance of formal written applications before the specified deadline to be eligible under the old rules. This tightening of mortgage regulations is part of efforts to stabilize the housing market, particularly in high-income areas like Hsinchu City and County, aiming to curb speculation rather than targeting owner-occupiers.
Source: YAHOO