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Property Value
HK$
Loan Amount
%
Term
Total Loan Amount
HK$ 2,400,000
Rate Monthly Repayment Cash Rebate
%
First Year
HK$
HK$
Total Mortgage Pay
HK$

Notice:

  1. If the property price is 10 million or less, you can participate in the government's "mortgage insurance plan" with a maximum mortgage ratio of up to 90%

  2. Some banks do not accept applications for village houses with smaller square feet

  3. The bank must pay the land price before applying for a mortgage

  4. The valuation of village houses varies greatly, it is recommended to do an appraisal before buying

  5. Each bank has different attitudes towards illegal construction of village houses, but generally they do not accept mortgage applications for village houses with serious unauthorized construction

  6. If the village house fails to provide "right of way" and "satisfaction certificate", the bank will not accept the mortgage application

Notice:

  1. If tenement buildings are converted into subdivided flats, most banks will not accept the application

  2. Each bank has different attitudes towards tenement buildings, but generally they do not accept mortgage applications for tenement buildings that are seriously illegally built

  3. Generally, banks limit the building age to 70-75 years. Some older tenement buildings may not be able to make all the 30-year payments

Notice:

  1. Developers have different closing period plans, buyers need to pay attention to obtain a bank mortgage before the closing period

  2. When calculating a bank mortgage loan, all developer rebates (including cash and non-cash) must be deducted from the property price first

  3. There are different closing periods for first-hand properties, and some banks can extend the validity period of mortgage applications according to the buyer's longer closing period

  4. Some developers have designated second mortgage plans, and customers must first decide whether to participate when signing the provisional sale and purchase agreement

  5. The developer's second mortgage only cooperates with certain banks. Buyers should pay attention to whether the applying bank is on the developer's cooperation list

  6. When applying for a bank mortgage, the bank must calculate the payment ratio/stress test based on the first mortgage and the developer's second mortgage

  7. Bank mortgage and developer's second mortgage are separate applications. Buyers need to apply for the second mortgage from the bank and developer respectively

Notice:

  1. Contribution percentage up to 40%

  2. The maximum loan term is 15 years

  3. If the parking space is mortgaged together with the residential unit in the same housing estate, the mortgage rate can be calculated as the same as a residential mortgage

Notice:

  1. Maximum mortgage ratio 40%

  2. Most banks do not accept mortgage applications for subdivided strata properties (subdivided shops/subdivided factories/subdivided offices)

  3. The maximum payment period for general banks is 20 years

Notice:

  1. The maximum loan-to-value ratio is 90% (white form) / 95% (green form) Renshi

  2. The payment term is determined based on the first sale and transaction date of the property, up to 25 years

  3. For second-hand HOS flats, the payment term and mortgage factor are directly related to the age of the property. It is recommended that you make inquiries first before signing the contract

  4. If you need to re-mortgage/additional mortgage, you must first submit an "application for changing mortgage arrangements" to the relevant government departments (Housing Authority/Housing Society), and then apply to the bank with the consent of the relevant departments.

  5. You do not need to participate in the’mortgage insurance plan even if you apply for a high-percentage mortgage

New Mortgage
Guidelines