BoN amends regulations on loan-to-value ratios
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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.