South Korea to tighten mortgage rules in Seoul, boost housing supply By Cynthia Kim SEOUL (Reuters) -South Korea tightened mortgage rules for Seoul on Sunday, unveiling plans to tackle a housing shortage in the capital by adding more affordable homes than previously planned as it leverages land owned by state developers. The loan-to-value (LTV) ratio for wealthy parts of Seoul, including the areas of Gangnam and Yongsan will be tightened to 40% of the property’s value from Monday, against 50% now. South Korea has complex borrowing rules for households, especially on mortgage loans, which are linked to income as well as the value and locations of homes. "As concerns about an upswing in home prices remain latent in the metropolitan area, we need extraordinary measures to stimulate supply while also controlling demand," the government said in a statement. South Korea plans to step up use of land owned by state-run companies, including the Korea Land & Housing Corporation, for development, while streamlining rules for the knockdown-and-rebuild of apartments to tackle its housing shortage. 3rd party Ad. Not an offer or recommendation by Investing.com. See disclosure here or remove ads. Which stock should you buy in your very next trade? AI computing powers are changing the stock market. Investing.com's ProPicks AI includes dozens of winning stock portfolios chosen by our advanced AI. Year to date, 3 out of 4 global portfolios are beating their benchmark indexes, with 98% in the green. Our flagship Tech Titans strategy doubled the S&P 500 within 18 months, including notable winners like Super Micro Computer (+185%) and AppLovin (+157%). Which stock will be the next to soar?

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UK financial watchdog consults on steps to simplify mortgage rules LONDON (Reuters) -Britain’s Financial Conduct Authority is seeking feedback on a potential overhaul of mortgage issuance and advice rules, with a view to simplifying responsible lending guidance and stimulating demand in the 235 billion pound ($315 billion) market. "We want to make it easier, faster and cheaper for borrowers to make changes to their mortgage," the FCA said in a statement on Wednesday. "Doing so will help consumers better navigate their financial lives and support growth, both priorities in our new strategy," it continued. The watchdog is under pressure from the government to streamline and relax financial regulation where possible in order to help Britain’s banks, asset managers and insurers compete more strongly with international rivals, and maintain London’s position as home to Europe’s biggest financial hub. The regulator has already reminded firms of the flexibility in its rules to help people access a mortgage, and it plans to follow this work with a further public discussion on the future of the mortgage market in June. That study is expected to include consideration of risk appetite and responsible risk-taking, alternative affordability testing and product innovation, lending in later life and consumer information needs. British house prices rose at their fastest pace in more than two years in the 12 months to February, the Office for National Statistics said on April 16. Average house prices rose by an annual 5.4% to 268,000 pounds in February, as buyers rushed to take advantage of tax incentives on purchases of less expensive homes before those incentives expired in April. Speaking as the lender posted first quarter results on May 1, the chief financial officer of Lloyds Banking Group (LON:LLOY), Britain’s biggest home loan provider, said he would be "surprised" if mortgage growth was quite as strong in the second quarter as it was in the first three months of 2025. Trade body UK Finance is forecasting an 11% rise in gross UK mortgage lending in 2025 to 260 billion pounds. ($1 = 0.7492 pounds)

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The process of applying for a mortgage can be daunting. To make it easy and quick, you need to have the right documents at your disposal. Read on to know more. #mortgageapplicationcanada #mortgagerules #mortgageCanada

The process of applying for a mortgage can be daunting. To make it easy and quick, you need to have the right documents at your disposal. Read on to know more. #mortgageapplicationcanada #mortgagerules #mortgageCanada

The process of applying for a mortgage can be daunting. To make it easy and quick, you need to have the right documents at your disposal. Read on to know more. #mortgageapplicationcanada #mortgagerules #mortgageCanada

The process of applying for a mortgage can be daunting. To make it easy and quick, you need to have the right documents at your disposal. Read on to know more. #mortgageapplicationcanada #mortgagerules #mortgageCanada

Looking to close your mortgage quickly? An open mortgage lets you repay fully or partially without prepayment charges. You can also convert it to other terms easily, hassle-free! #MortgageUpdatesCanada #CanadaMortgageSolutions #MortgageRules

Looking to close your mortgage quickly? An open mortgage lets you repay fully or partially without prepayment charges. You can also convert it to other terms easily, hassle-free! #MortgageUpdatesCanada #CanadaMortgageSolutions #MortgageRules