# Commission Decision of 3 September 2013 State aid SA.32554 (09/C) Restructuring aid for Hypo Group Alpe Adria implemented by Austria (notified under document C(2013) 5648) (Only the German text is authentic) (Text with EEA relevance) (2014/341/EU), Division 4.1.2

Extent: E+W+S+N.I.

HGAA will disburse new retail mortgages only with a loan-to-value (LTV) ratio of […] % or lower. New retail mortgages with a maximum LTV ratio of […] % is permissible if the debt-to-income ratio of the respective client – defined as total monthly obligations with HGAA and other financial institutions (established through local credit bureaus) divided by monthly net income – is less than or equal to […] %. In addition, any new mortgage granted must be eligible for inclusion in the cover pools under the local legislation on mortgage bonds/securitisation where such legislation exists.

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Source: https://www.legislation.gov.uk/eudn/2014/341/annex/division/n2/division/III/division/4/division/4.1/division/4.1.2 (the official version)
Page: https://openlegislation.uk/eu-decision-2014-341/annex/division-n2/division-III/division-4/division-4.1/division-4.1.2
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.