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

It has come up with a customized management plan for low-interest rate policy loans for home purchases, which have been confused by recent policy reversals.

The Ministry of Land, Infrastructure and Transport has decided to limit "exemption from room deductions" and "post-mortem collateral," which are unregistered apartment mortgage loans, beyond the purpose of introducing LTVs in the new stepping stone loans to be applied from the 2nd of next month.

However, considering the different market conditions by region and type of housing, the restrictions will be applied only to apartments located in the metropolitan area.

In addition, even in apartments in the Seoul metropolitan area, the restrictions will not apply to newborn special loans and loans to support victims of jeonse fraud, and for first-time homebuyers, two 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 implementation date of the measure will be applied from the new loan on the 2nd of next month, but if the scheduled balance date is set to be within three months after December 1, the existing stepping stone loan can be applied by December 1.

The Ministry of Land, Infrastructure and Transport estimated that if the measure is implemented, it could reduce about 5 trillion won of policy loans, which amounted to 55 trillion won per year.