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3rd Property with 90% Mortgage Loan, is that possible? 

BNM new rule: only max 70% financing for 3rd residence property loan.  What type of property still allow to obtain close to 90% financing even with few mortgage loan on hands.

Thank you for your information.

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I would like to know too. Some claim can be done which I hav no idea about it

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Claim? What type of claim?

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All banks have to comply with BNM ruling.

The only situation you can get 90% loan of your 3rd property is that:
your 3rd property is actually the one and only property that you have in CCRIS whereby another 2 property had been paid off.

If there is currently 2 property that is on loan with the bank in CCRIS, your 3rd property will automatically be granted 70% loan based on SnP pricing. 


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Very clear about BNM rules on 3rd loan. Just want to know if there is any other way to max Loan Leveraging.

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How about for commercial property? Same ruling?

Heard that shoplot can't get close to 90% financing nowadays.


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@nicsonic it also depends on your relationship with the bank, some of my customer manage to obtain a higher percentage.

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Yet to reach HighNetWorth or Affluent premier membership from the bank yet. Still under Mass Segment :)

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Some of the banks may provide 90% for third property if the existing property was rented out. Depending on terms and conditions.

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which bank did that? 

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If not mistaken, the Alliance bank will do that.

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will walk in and ask personally :)

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Fully pay off 1st or 2nd property loan, then your 3rd property will get 90% loan? IS that how it works?

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You only need to pay off 1st property loan and you will get 90% for the third property. It is depending on how many property still under the loan. 

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Is there any difference if considering commercial property?

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No difference, as long as you have properties under the bank loan.

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usually for commercial property... the loan margin and repayment tenure is typically shorter than residential or high rise?

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loan margin may be lower, same tenure based on age and max tenure 35 for individual application.

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3rd property commercial can get 85%  

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@ Kelvin. You mean regardless or first two property type . If 3rd property is commercial can get 85% loan . How about if the commercial unit is 3-storeys Strata titled? Consider buy one unit or three units? 

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Interesting topic. I wish to know too!!

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Commercial under non HDA. then yes. Lower margin shorter term

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I see. What do you mean by HDA? it is to protect the interest of property buyers?

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HDA is housing developement act. 

Can refer to

https://www.hba.org.my/laws/list/hda.htm

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Great infor to share. I would like to know more too.


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below market property

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Is it possible to refinance the loan from 1st or 2nd property to pay for the 3rd property?

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Dominic possible provided your equity is enough to cover the 3rd loan and bear in mind refinance based on 70LVR too. 

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@joblessmalaysia 

What do you mean by 70LVR?

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for 3rd property , 70% can get loan ,otherwise u sell others property to get 90% loan

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how about 3rd loan for overseas project?

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@6011_3531_5354 

If a person is buying 3rd overseas project, your financial backing should be very strong... not to mention cash rich... still need to take a mortgage to finance?