{"id":118699,"date":"2020-09-22T11:05:11","date_gmt":"2020-09-22T04:05:11","guid":{"rendered":"http:\/\/www.siamlandbank.com\/propertynews\/property-news\/hong-kong-property-agent-finds-the-hard-way-why-it-is-important-to-stay-on-top-of-mortgage-loan-rules\/"},"modified":"2020-09-22T13:05:36","modified_gmt":"2020-09-22T06:05:36","slug":"hong-kong-property-agent-finds-the-hard-way-why-it-is-important-to-stay-on-top-of-mortgage-loan-rules","status":"publish","type":"post","link":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/hong-kong-property-agent-finds-the-hard-way-why-it-is-important-to-stay-on-top-of-mortgage-loan-rules\/","title":{"rendered":"Hong Kong property agent finds the hard way why it is important to stay on top of mortgage loan rules"},"content":{"rendered":"


\nLast 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\u2019s 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\u2026
\n
\nSource : South China Morning Post
\nRead more…Hong Kong property agent finds the hard way why it is important to stay on top of mortgage loan rules<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

Last month, the Hong Kong Monetary Authority (HKMA), for the first time in more than...<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"false","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"spay_email":"","footnotes":"","jetpack_publicize_message":"","jetpack_is_tweetstorm":false,"jetpack_publicize_feature_enabled":true},"categories":[1],"tags":[],"class_list":["post-118699","post","type-post","status-publish","format-standard","hentry","category-property-news"],"jetpack_featured_media_url":"","jetpack_publicize_connections":[],"jetpack_sharing_enabled":true,"jetpack_shortlink":"https:\/\/wp.me\/p75ss1-uSv","jetpack-related-posts":[{"id":124012,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/hong-kong-to-scrap-middleman-role-of-law-firms-in-mortgage-transactions-to-protect-homebuyers\/","url_meta":{"origin":118699,"position":0},"title":"Hong Kong to scrap middleman role of law firms in mortgage transactions to protect homebuyers","date":"December 29, 2021","format":false,"excerpt":"\r The role of lawyers as middlemen in residential mortgage transactions is to be abolished under new rules designed to protect Hong Kong homebuyers.The change will allow a bank to pay the mortgage loan secured by a homebuyer directly into the bank account of the seller electronically. The buyer would\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":116497,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/which-mortgage-rate-will-be-a-lifesaver-for-hong-kong-homeowners\/","url_meta":{"origin":118699,"position":1},"title":"Which mortgage rate will be a lifesaver for Hong Kong homeowners?","date":"May 19, 2020","format":false,"excerpt":"\r \u00a0The Hong Kong Mortgage Corporation (HKMC) has recently introduced a pilot scheme for fixed-rate mortgages for 10, 15 and 20 years, with rates fixed at 2.55 per cent, 2.65 per cent and 2.75 per cent, respectively.\r\rThe maximum loan amount caps at HK$10 million (US$1.3 million). At the end of\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":120954,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/new-hong-kong-mortgage-broker-aahorses-to-give-clients-bigger-cut-of-commission-in-hunt-for-market-share\/","url_meta":{"origin":118699,"position":2},"title":"New Hong Kong mortgage broker AAHorses to give clients bigger cut of commission in hunt for market share","date":"July 20, 2021","format":false,"excerpt":"\r AAHorses Mortgage Brokerage Services, which started operations a week ago, will give away about 80 per cent of the commission it earns from banks to successful mortgage applicants as it competes for market share.The current practice is giving successful clients 30 per cent to 40 per cent of the\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":20294,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/home-sales-in-hong-kong-rise-slowly-in-june\/","url_meta":{"origin":118699,"position":3},"title":"Home sales in Hong Kong rise slowly in June","date":"July 20, 2016","format":false,"excerpt":"\r A shortage of buyers for both bargain finds and luxury digs A stunning view over Hong Kong. Image credit: Studio Incendo (Flickr) Due to a robust showing in the new homes market, residential sales in Hong Kong managed 4,620 units in June, a month-on-month volume increase of 0.7 percent,\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":63988,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/hong-kong-banks-offer-this-years-lowest-mortgage-rates-for-two-projects-in-tsuen-wan\/","url_meta":{"origin":118699,"position":4},"title":"Hong Kong banks offer this year\u2019s lowest mortgage rates for two projects in Tsuen Wan","date":"August 17, 2017","format":false,"excerpt":"\r Competition in the mortgage loan business among banks in Hong Kong is heating up, with some partnering with mortgage brokers to offer this year\u2019s lowest mortgage rate to buyers of two new developments in Tsuen Wan. Centaline Mortgage Broker said on Thursday that it would provide clients who bought\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":76802,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/relaxing-cap-in-hong-kongs-mortgage-scheme-will-offer-more-choices-to-first-time-buyers\/","url_meta":{"origin":118699,"position":5},"title":"Relaxing cap in Hong Kong\u2019s mortgage scheme will offer more choices to first-time buyers","date":"January 16, 2018","format":false,"excerpt":"\r First time homebuyers in Hong Kong have little choice under existing mortgage rules for mass flats unless they settle for old, tiny apartments in far off areas. Under the current home financing scheme, first time buyers only can receive loan-to-value ratio of 90 per cent for flats that cost\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]}],"_links":{"self":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/posts\/118699"}],"collection":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/comments?post=118699"}],"version-history":[{"count":0,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/posts\/118699\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/media?parent=118699"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/categories?post=118699"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/tags?post=118699"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}