[6·17 Real Estate Measures] Complete Ban on Mortgage Loans for Sales and Rental Business Operators

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[Asia Economy Reporter Kim Hyo-jin] From now on, mortgage loans secured by housing (housing mortgage loans) will be prohibited for housing sales and rental business operators in all areas, regardless of whether they are regulated or non-regulated areas. This applies to both corporations and individual business operators.

According to financial authorities on the 17th, the government's "Management Plan for Housing Market Stabilization" announced on the same day includes measures to eradicate speculative demand with such content.

Until now, a housing loan-to-value ratio (LTV) regulation of 20-50% was applied to mortgage loans for business operators in regulated areas, while no LTV regulation was applied to mortgage loans for business operators in non-regulated areas.

However, mortgage loans can be used if the case falls under exceptions recognized by the government.

This regulation will be applied from the 1st of next month, considering the time needed for related system development and preparation. If a housing sales contract (excluding preliminary contracts) was signed and the deposit has already been paid before the enforcement of the regulation, or if the loan application has been completed, the existing regulations will apply.

This content was produced with the assistance of AI translation services.