Mortgage

Wing Hang offers prime

Sunday, 15 July, 2012, 9:03pm

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Wing Hang Bank is offering the prime rate for mortgages of its Discovery Park development in Tsuen Wan to successful applicants who are trading up existing properties.

Under the scheme, Wing Hang mortgage customers may borrow up to 10 per cent of the purchase price as partial down-payment at the prime rate of 8.5 per cent.

For non-Wing Hang customers, interest will be prime plus 25 basis points.

The buyers are not required to transfer their existing mortgages to Wing Hang, saving re-mortgage fees.