Saudi central bank announces measures to cut mortgage costs:
"Saudi Arabia’s central bank has scrapped administrative fees for mortgage holders if they switch between fixed and floating rate loans, as part of new measures to boost the housing market. The Saudi Arabian Monetary Authority also announced, via its twitter account, other measures to help reduce mortgage costs, including allowing a mortgage holder to move to a new lender without additional costs. Mortgage laws and regulations are still being ironed out, according to one Jeddah-based analyst, and may be subject to modifications."
'via Blog this'
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