Bank of Thailand to retain LTV regulation
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More: How Thai developers can cope with rising land costs "The new LTV regulation from the Bank of Thailand, the new land and building taxes, the rising land prices, and the political situation have affected the residential market in Bangkok," researchers Phattarachai Taweewong and Thatchanan Siddhijai wrote.
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Bank of Thailand to retain LTV regulation Thailand morning news for May 23, 2019 – aecnewstoday.com – Bank of Thailand to retain LTV regulation Despite the Finance Ministry’s request to ease the new loan-to-value (LTV) requirement, the Bank of Thailand has insisted on maintaining the regulation, saying bad mortgages continued to climb for.
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The Bank of Thailand will keep a close eye on the property market, particularly speculative buyers, to prevent real estate issues from turning into a full-blown crisis. The bank stated on April 1 that it is working to implement stricter rules on real estate mortgages through the loan to value ratio (LTV).
"Under the LTV rules, these co-signers are regarded as the borrower of second and subsequent mortgages when they apply for a.
The proportion of mortgages sold with a high loan to value is increasing, according to the latest Bank of England data. In its mortgage lenders and administrators statistics, out today (June 11. "A businessman can keep investing. clear that the Thai money laundering office seized the assets of the former public company he worked with, and of.
The Bank of Thailand has put a brake on the property market, with a focus on speculative buyers to prevent a repeat of real estate crises. On April 1 it started enforcing a tougher set of rules on real estate mortgages called the LTV – loan to value ratio – requiring buyers of second and third properties to put more down-payment on their purchases.
The BOT Act sets out the objectives, scope of working and organization structure of the Bank of Thailand in accordance with the international central banking standard in order to maintain the financial system, the financial institution system and the payment system stability and efficiency through the transparency and accountable procedure.