The Bank of Namibia (BoN) has released amended regulations on loan-to-value ratios to stimulate property investment and support economic recovery.

Under the new regulations, the loan-to-value (LTV) ratios for additional property purchases have been further relaxed.

Borrowers seeking a mortgage loan for a second residential property will no longer need to provide a deposit.

For third and subsequent residential properties, a 10% deposit is now required.