Shares & Derivatives
MAS relaxes certain specific refinancing conditions in TDSR application…..more fine tuning than policy reversal
By Kevin Scully-Financial Blog  •  February 11, 2014
MAS relaxes certain specific refinancing conditions in TDSR application.....more fine tuning than policy reversal Tuesday, 11 February, 2014  6:23 AM
Posted by Kevin Scully

MAS last night announced the broadening of refinancing options under the TDSR which was introduced on 29 June 2013.  It is clear from the measures that the Government and MAS want to deter speculative investment and over gearing by property investors.  This broadening is targetted specifically at owner occupied house owners who need refinancing.  For investment property oweners they are also allowed to refinance but must get their gearing in place by 30 June 2017.  The latter is similar to the couple of months reprieve that the Government gave second hand car dealers to clear their stock when they introduced the 50% car financing rule.

On balance, good for the real home buyer, gives the over leveraged property investor three years and a bit ...

...
Read the full article
By Kevin Scully-Financial Blog
Kevin began his working life in the regional and economics division of the Ministry of Foreign Affairs. He then moved to the private sector analyzing equities before venturing out to start NRA Capital. After 25 years of watching stocks and living through financial disarray during the Pan Electric Crisis, the 1987 Crash, the Barings debacle, the Gulf War, Asian financial crisis - what can sub-prime do but add another scar to already bruised wounds. Ever since starting his blog, Kevin has been enthusiastically giving his personal views on the market. He discusses about equities, the market turmoil, and the broad economy.
LEAVE A COMMENT
LEAVE A COMMENT

Your email address will not be published.

*

Your Email Address will not be published
*

Read More Articles
More from thefinance