From now on, those owning one house in the metropolitan area will not be able to get a lease loan if they do not have a record of living there after purchasing it. The Financial Services Commission announced on the 31st that it will implement measures to prevent the unfair use of lease loans by those who own multiple homes, starting from today. According to the announcement, from today, those who own one house in the metropolitan area and do not have a record of living there after purchasing it will not be able to get a lease loan. In the case of those who own one house outside the metropolitan area, they will be able to get a lease loan only if they have a record of living there after purchasing it. The regulation targets those who have purchased a house but have not moved in yet, as well as those who have purchased a house and are currently living in a leased house. However, those who have purchased a house due to unavoidable reasons such as a move for work or school, divorce, or the death of a family member, and have a record of living there, will be allowed exceptions. The Financial Services Commission explained that it will guide financial companies to voluntarily adjust their loan regulations to prevent the unfair use of lease loans by those who own multiple homes. The Financial Services Commission said, "We will monitor the loan practices of financial companies and take follow-up measures if necessary." The regulation applies to all lease loans, including those for apartments and commercial buildings. The Financial Services Commission emphasized, "This regulation is not aimed at limiting the rights of those who are in need of a lease loan for their actual residence, but rather at preventing multiple homeowners from taking advantage of the system."

Starting next year, first-time homebuyers in the Seoul metropolitan area who have never lived in the property they purchased will be unable to obtain a second loan. The primary goal is to curb 'gap investing' or speculative purchases. According to the 'Financing Market Stability Comprehensive Policy' announced by the Financial Committee on the 13th, starting next January, 'speculative' one-family home owners who do not live in the property will have restricted mortgage guarantees.

Without guarantees, mortgage options effectively disappear, as banks do not handle such cases. New loans and loan extensions will also be subject to the same regulations. Previously, mortgage guarantees were limited to multi-homeowners and those purchasing in designated investment or hot zones within the Seoul metropolitan area.

However, this regulation applies to first-time homebuyers who own a property in the Seoul metropolitan area or regulated regions, have lived in it themselves or through a family member, or who do not have such a rental history. The purpose is to specifically target 'gap investing' where a third party benefits from a rental guarantee.

Financial Committee Chairman Jeon Hang-kwon clarified that "as long as the property changes hands (for a different owner), the regulation does not apply." Exemptions apply to cases where rental avoidance is unavoidable. Most rental avoidance cases will likely be exempt from the regulation. Compared to the previous level of regulation, the scope of the current policy is narrower.

The Finance Ministry's 3rd budget proposal in March indicated that the tax reform plan allows rental avoidance to be recognized for up to 3 years, a significant difference from the current policy. This led to concerns about potential 'game-playing' tactics, to which financial committee officials responded, "A property owner would have to get landlord consent, which would also violate the residency registration law," emphasizing that "the individual bears legal liability."

Additionally, the mortgage guarantee rate (80% for Seoul and regulated areas, 90% otherwise) will decrease next year for first-time homebuyers in the Seoul metropolitan area to 70% and 80% elsewhere.