Strict conditions imposed by banks on home loan applicants are the biggest barrier for home ownership despite government efforts to waive stamp duty fees for buyers under the Home Ownership Campaign (HOC), the Real Estate and Housing Developers Association (Rehda) said yesterday.
Its president, Soam Heng Choon, said banks should be able to measure an applicant’s ability to repay the loan by not just the debt-service ratio but SYED DANIAL SYED AZAHAR by looking at other aspects of the loaner’s financial background.
