Options for first time house buyers

Property slowdown: Potential buyers checking out properties at a recent property fair. For the last couple of months, there has been pressure on banks to relax lending rules to boost the property sector.

PETALING JAYA: In the wake of increasing pressure on banks to relax lending rules, the Association of Banks in Malaysia (ABM) is asking first time home buyers to consider applying for Government schemes such as “Skim Rumah Pertamaku” (SRP) for assistance in their property purchase.

An ABM statement said 11 commercial banks and 11 Islamic financial institutions in Malaysia were participating in the SRP scheme. The full list is on SRP’s website (http://www.srp.com.my/).