Qatar Central Bank amends mortgage regulations – The Peninsula

Qatar Central Bank amends mortgage regulations – The Peninsula

Doha: Qatar Central Bank (QCB) announced the introduction of some amendments to the real estate financing (mortgage) regulations, to include determining the maximum -loan-to-value (LTV) and tenure- for mortgages within the State of Qatar, which will be applied to Qatari banks and subsidiaries within the country, while branches and subsidiaries of Qatari banks outside the State of Qatar should comply with the instructions and conditions of the host regulatory authorities as long as the collaterals and financed properties are outside the country.

These amendments come within the framework of the QCB's continuous endeavor to develop instructions related to real estate financing controls in line with the requirements of the current stage in the development of the sector, without prejudice to the necessary precaution for real estate risks.