The adjustments, effective Friday, aim at helping residents to buy or upgrade their homes as prices have corrected 13 per cent since their peak in 2021, HKMA Chief Executive Eddie Yue told reporters.
LTV ratio is the percentage of a property's value that is mortgaged. A relaxation on the ratio cap means prospective home buyers will not need so much money up front. For homes valued more than HK$30 million, and all non-self-use residential properties, the maximum LTV ratio will remain unchanged at 50 per cent, HKMA added.
Source: Loan Digest (loandigest.net)
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