There is criticism that the aftermath of the October 15 measures has severed the ladder for genuine subscribers in the metropolitan area, as the loan-to-value ratio (LTV) for interim payments in regulated areas will drop from 60% to 40%, and the mortgage loan limit may decrease depending on the market price at the time of the final payment for the home. There is even analysis that with increased loan uncertainty, prospective applicants may either downgrade their applications to places with lower prices or give up. Additionally, the mandatory subscription period for savings accounts has been extended and the lottery supply has decreased , making the conditions for overcoming the 'winning hurdles' even more stringent. According to financial authorities and the real estate industry on the 26th, for complexes that have posted tenant recruitment announcements since the 16th in areas designated as regulated areas under this measure, a 40% LTV for interim payment loans will be applied. Typically, the interim payment loan limit is 60%, but since the area is designated as a regulated area, it will be reduced to 40%. The sale price is usually split into 10% down payment, 60% interim payment, and 30% final payment, but if the interim payment is reduced to 40%, the contractor will have to prepare more equity capital before paying the balance. For example, if you win an apartment worth 1.5 billion won in a regulated area, the interim payment is 900 million won, but if you apply the revised LTV, the loan is only up to 600 million won, so the winner must pay the remaining 300 million won in cash . That's what it means. Additionally, when converting to a final payment loan, the loan limit is limited to 600 million won for up to 1.5 billion won, 400 million won for 1.5 billion won over 1.5 billion ~ 2.5 billion won, and 200 million won for over 2.5 billion won. While it was possible to reduce the financial burden by buying with a jeonse deposit when paying the balance, But even this has become difficult due to the June 27 measures. A sales industry insider pointed out, "With loan regulations imposed simultaneously on interim and final payments, for apartments priced at 1.6 billion won, about 1.2 billion won must be prepared as their own funds," adding, "In the end, it's essentially telling only cash-rich people to accept subscriptions."
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