Hi Crystal and for the info of the rest!
As long as your property is not under mortgage / fully paid you will definitely entitled for 90% loan margin.
The following quoted from: NBC
Further to Bank Negara Malaysia’s (BNM) announcement on 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, effective from 3 November 2010, it is understand that the banks have already received the BNM’s detailed policies and guidelines on the 70 percent housing loan limit.
It is learnt that the 70% third housing loan margin is only affecting the nature individuals (not company) who are currently having two outstanding mortgage loans and intend to take on the third loan. The BNM ruling is also applicable to any loan applications by joint purchasers/borrowers, if anyone of the purchasers/borrowers has two outstanding mortgage loans. For example, Mr A & Ms B have jointly purchased a new house and applied for a bank loan together. If Mr A has two existing outstanding mortgage loans, the new loan is only entitled to a maximum of 70% margin.
Hope this info does helps!
Regards,
Martin Lau
D'Venture FlexiHome
