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I intend to collect my BTO Flat's key before selling my existing HDB Flat (I will only sell 3-4 months afterwards), but banker told me that I can only take 60% loan since it will be considered as 2nd property (I am stil serving mortgage of my existing HDB Flat). Is this true? If it is, will there be any difference if I take HDB loan instead of bank loan?
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1 Answer

Mike Lim
Replied
Morning Alex,

Your loan application should have being long settled and changing the fiancing institute now would be unlikely.
Your banker should have briefed you on the details, T&C, prior to signing the LO. What's the reason to sell 3 to 4 months after key collection? Maybe we can try to work things out to make it a better experience for you.

Regards
Mike Lim
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