Property News · October 22, 2019

First-home borrowers must read the fine print as the devil is in the details of Hong Kong’s relaxed mortgage entitlements


The Hong Kong government announced last Wednesday to relax the cap on the property value eligible for a mortgage loan with a maximum cover of 80 per cent loan-to-value (LTV) ratio from HK$6 million to HK$10 million (US$1.27 million). For mortgage loans up to 90 per cent LTV ratio applicable to first-time homebuyers, the maximum property value is fixed at HK$8 million, going up from the previous HK$4 million. The new measure is considered to be a “godsend” for first-time homebuyers. Let’s take…

Source : South China Morning Post
Read more…First-home borrowers must read the fine print as the devil is in the details of Hong Kong’s relaxed mortgage entitlements

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