TDSR waived for deferred mortgage payments
MAS clarifies various scenarios where total debt servicing ratio, mortgage servicing ratio and loan-to-value limits will not apply
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Singapore
BUSINESSES that apply to defer payments for their secured property loans, as well as property owners doing so for residential mortgages, will not be subject to the total debt servicing ratio (TDSR), the Monetary Authority of Singapore (MAS) said on Tuesday.
Businesses that have taken up mortgage equity withdrawal loans secured on residential or non-residential properties are also not subject to property curbs such as TDSR and loan-to-value (LTV) limits.
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