It's harder to get a mortgage. Banks are changing their approach to 800+

In Q3 2026, banks tightened mortgage lending criteria for the first time in seven quarters, with a net response rate of -39%. This shift was influenced by regulatory changes regarding income sources, particularly the 800+ benefit, which is now viewed less favorably in credit assessments. Despite a strong sales quarter, developers' optimism is waning, with no significant price increase pressure expected. Additionally, banks have raised consumer loan criteria while easing conditions for business loans, reflecting competitive pressures and increased demand from companies. Looking ahead, banks anticipate a slight tightening in mortgage criteria and continued interest in consumer financing.