Starting tomorrow (27th), if the landlord takes키톤벳 out a loan to return the jeonse deposit, DTI (total debt service ratio) of 60% will be applied instead of DSR (total debt principal and interest repayment ratio). As a measure to reduce the damage from reverse jeonse tax, regulations will be temporarily eased for one year. Loan deregulation is also applied when the landlord moves in as a self-resident.
The Financial Services Commission announced on the 26th that loan regulations such as the difference in deposit (the amount obtained by subtracting the new deposit from the existing deposit) will be temporarily eased for one year from the 27th when bank notes (excluding Internet banks) are used for the purpose of returning deposits on deposits.
Targets for deregulation are contracts signed before the last 3 days, when demand for return occurs, such as the expiration of the lease contract by July 31 of the next year. Landlords (individuals) who have difficulty returning the deposit due to reverse jeonse tax are excluded from applying DSR 40% and only DTI 60% is applied. For rental businesses, RTI (rental business interest redemption ratio) 1x is applied.
With deregulation, if an individual with an annual income of 50 million won uses a loan with an interest rate of 4% and a maturity of 30 years, the loan limit can increase by about 175 million won. Considering that the difference in average jeonse deposit due to reverse jeonse is 70 million won, it is expected that the solution to reverse jeonse will be freed.
Relaxed loan regulations are applied so that the deposit can be smoothly returned to the existing tenant even if the subsequent tenant is immediately found and the difference in the deposit is borrowed, as well as if the subsequent tenant is not found. First, the entire deposit is loaned out, and the loan is repaid with the deposit paid by the subsequent tenant within one year.
In addition, support is provided so that the landlord who is unable to return the deposit can receive a loan for refund even when moving in as a self-resident. However, in this case, the landlord must move in within one month after executing the loan, and management measures such as monitoring whether or not the person has actually lived for at least two years are taken concurrently.The bank plans to pay the loan directly to the current tenant to prevent the loan from being used for other purposes. If the tenant is using a jeonse loan, the loan is directly deposited into the bank and the amount excluding it is deposited to the current tenant.In addition, it is prohibited to purchase a new house during the loan repayment period, and if the purchase of a house is discovered, a penalty is imposed, such as being banned from handling mortgage loans for 3 years along with full collection of the loan. During the application process, it is also checked whether there is no way for the landlord to repay the jeonse deposit in any other way than a loan.In addition, to prevent the risk of non-return of the deposit by subsequent tenants from expanding due to the landlord’s expansion of senior loans, the landlord must conclude a lease contract with the subsequent tenant as a special contract to sign up for a deposit return guarantee. The landlord must sign up for the jeonse deposit return guarantee or pay the guarantee fee within three months after the subsequent tenant moves in. New guarantee insurance products ( HUG, HF, SGI ) are also temporarily operatedso that landlords can easily fulfill their obligations to protect subsequent tenants . To ensure that subsequent tenants of all houses subject to deregulation can protect their deposits, a guarantee product with no limit on jeonse deposits and in which tenants sign up (guarantee fees are paid by the landlord) will be released on the 27th. A product that landlords directly sign up for is also scheduled to be launched next month.A government official said, “As the reverse jeonse problem can aggravate difficulties in the rental market due to tenants’ refund of deposit money and delays in migration, the purpose is to temporarily alleviate loan regulations to minimize market shock.” We will manage to prevent side effects such as an increase in the risk of non-return of subsequent tenant deposits.”