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Hi Damien,

The ruling for 60% loan to value cap for your 2nd mortgage applies on Singapore mortgages only.So even if you have an existing mortgage loan in overseas, your 1st mortgage loan in Singapore still qualifies for 80% loan.

However, please note that your loan to value cap is not an entitlement. How much housing loan you will be offered by the lenders ultimately depends on your personal income and financial commitments. With low personal income, you may even only be able to obtain 50% financing even when you can legally qualify for 80%.

I hope this helps, feel free to contact me if you need other advice.

Ken Tan
Huttons Asia Ltd

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