Strict tests will ensure that only homeowners who can really afford such schemes can take out equity, which have been a popular way for many to raise extra funds.
8th december 2011 The White Rose Credit union is providing interest-free home loans for vulnerable people around the district. The loans pay for essential repairs and disabled adaptations.
Professional landlords are showing signs of confidence by taking equity out of unmortgaged properties they own to expand and gear up investment potfolios.
Singapore increased down payments for second mortgages and imposed a stamp duty on property held for less than three years to curb speculation after home prices surged 38% in the second quarter.
Read more:
Singapore tightens mortgages to cool property market: Update
