Property News · September 22, 2020

Hong Kong property agent finds the hard way why it is important to stay on top of mortgage loan rules


Last month, the Hong Kong Monetary Authority (HKMA), for the first time in more than a decade, raised the applicable loan-to-value ratio cap for mortgage loans on non-residential properties from 40 per cent to 50 per cent, in a bid to boost the city’s moribund property market weighed down by a recession and coronavirus pandemic. Getting a sufficient amount of mortgage loan is one of the many crucial factors that affects the decision of an individual, for both residential and non-residential…

Source : South China Morning Post
Read more…Hong Kong property agent finds the hard way why it is important to stay on top of mortgage loan rules

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