Stepping stone loans restricted to apartments in the Seoul metropolitan area from the 2nd of next month

'Exemption from room deduction' and suspension of balance loans for new apartments for sale

Elimination of exemption from 'room deduction' for loans without top priority payments

Restrictions apply only to the purchase of apartments in the Seoul metropolitan area.

[Anchor]
Recently, measures to regulate low-interest loans and "deadstone loans" for the purchase of homes for homeless ordinary people, which have been confused by policy reversal over the reduction of the loan limit, have been released.

We decided to restrict some loans from the 2nd of next month, but we decided to apply the restrictions only to the case of 'purchasing apartments in the metropolitan area'.

Reporter Kim Ki-bong reports.

[Reporter]
[Park Sang-woo / State audit on the 24th of last month: We are very sorry for the confusion and inconvenience caused to the public because there was no unified guideline in this process and we did not have sufficient guidance period before implementing measures]

The Ministry of Land, Infrastructure and Transport, which apologized for policy confusion after reversing its attempt to reduce the limit on stepping stone loans last month, has come up with a final alternative.

The government has decided to suspend the so-called "post-mortem mortgage" loan, which goes beyond the purpose of introducing the LTV for the mortgage recognition ratio, the balance loan received when buying a new apartment.

' is a loan without the amount of the highest payment when making a mortgage, but the loan limit will be reduced by removing the exemption from the loan.

For example, if you buy a 500 million won apartment in Gyeonggi-do, you can get a loan of 350 million won if you are exempted from the room deduction, but if you apply the room deduction, it will be reduced to 302 million won.

However, we have decided to apply this restriction only to buying apartments in the Seoul metropolitan area.

[Kim Heon-jung / Housing Policy Officer, Ministry of Land, Infrastructure and Transport: We have clarified the application targets considering that the housing market situation differs by region and type of housing while minimizing the inconvenience of end-users. This does not apply to provincial or non-apartments.]

In addition, even in apartments in the Seoul metropolitan area, the government has decided not to apply this restriction to loans for newborns and supporting victims of jeonse fraud.

In the case of special loans for newborns, the annual income requirement was increased from 130 million to 200 million won to further expand the door.

For first-time homebuyers, restrictions will be applied, but 80% of LTV will be maintained.

In addition, it has been decided to exclude the application of households with an annual income of 40 million won or less buying low-priced houses with an annual income of 300 million won or less.

The measure will be applied from new loans on the 2nd of next month, but for new apartments, if the recruitment notice is announced by the 1st of next month and the move-in begins within the first half of next year, you can receive "post-mortem collateral" as it is now.

The Ministry of Land, Infrastructure and Transport estimated that the implementation of this measure could reduce the amount of policy loans, which amounted to 55 trillion won per year, by about 5 trillion won.

I'm Kim Ki-bong of YTN.