Strict guidelines depriving potential homebuyers

KUALA LUMPUR: A slew of reasons such as weak credit record, high-risk profile and insufficient documents to support repayment ability are among the factors that have made it difficult for potential homebuyers to gain access to financing facilities.

Housing and Local Government Ministry deputy secretary-general (housing and community wellbeing) Datuk Azhar Ahmad said those in the gig economy industry and did not have a fixed monthly salary were also finding it difficult to access home financing.