From the 1st of next month, 50% LTV for non-home owners in regulated areas will be jointly applied

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From the 1st of the following month, the mortgage loan ratio (LTV) of non-home owners in the regulated area will be applied at 50%.

Recently, the Financial Services Commission published the revised Banking Supervision Regulations, which include a policy of relaxing loan regulations with these contents.

According to this relaxation of loan regulations, the LTV regulation for homeless people, which is currently applied differentially at 20-50% depending on the house price in regulated areas, will be united to 50% .

In addition, the regulation that prohibits new mortgage loans for apartments that exceed 1.5 billion won in the overheating speculation area will be lifted on the 1st of next month, but the regulation that the ban on new home loans for multi-homers in the regulated area remains as it is. in.

The size of the increase in the loan limit following the relaxation of the LTV regulation is expected to vary depending on the level of income.

In the banking sector, with this deregulation measure, the loan limit that a homeless person with an annual salary of 70 million won can receive when buying an apartment worth 1.4 billion won in a regulated area is about 37 million, from about 460 million has been won. to about 497,000,000 won, we expect it to increase.

However, if the annual salary is 50 million won, the total debt repayment ratio (DSR) regulation (40%) is applied, so the limit will not increase even with this LTV deregulation.

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