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In the event, if my HLE expired before I buy a resale hdb flat and if I am not working, how will HDB/bank assess the maximum loan to lend us? Is it just based on my husband income and our current flat valuation?
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1 Answer

Mike Lim
Replied
Morning Jessica,

You are not eligible to exercise the OTP without a valid HLE or LO. Hence you need to apply for it again. If you are jobless, that would seriously affect the HLE or LO approval amount. They will grant you the loan based on your husband's income and credit status.
Housing valuation will not be used as a gauge on your LO or HLE status.

Do feel free to contact me if you require further assistance.

Regards
Mike Lim
 96929209 
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