Asked by a***@gmail.com
I am currently looking to apply for a BTO flat under the fiancé-fiancée scheme with myself listed as the single owner and my girlfriend to be listed as the essential occupier. I understand that the burden of getting a loan will fall on me as the single owner. However, considering my current income, my HDB HLE value alone is less than the LTV limit of 90%. We are pretty confident that our income and financial situation will improve before collection of keys, allowing for greater loan amounts. If we were to be lucky in the next BTO exercise, will we still be allowed to go ahead with the option to purchase with my current level of income? Thank you.
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