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  1. HSBC's latest rise shows mortgage rates may be normalising

    Posted Sep 17th 2011, 12:00am

    ... Lulu Chen lulu.chen@scmp.com With HSBC planning to raise mortgage interest rates for the fifth time this year, charges for home loans appear to be returning to their historic levels, analysts say. Other banks may follow HSBC's lead, said Sharmaine Lau Yuen-yuen, chief economist at mReferral Mortgage Brokerage Services. HSBC will raise its mortgage rate based on the Hibor, ...

  2. HSBC to charge fee for late mortgage payments

    Posted Oct 03rd 2009, 12:00am by Anita Lam

    ... HSBC will charge a penalty of HK$400 for delays in mortgage repayments from December. It has also increased the fee for online transfers to another bank from HK$10 to HK$30. Meanwhile, Hang Seng Bank has imposed a HK$50 levy on holders of new bank accounts that are closed in less than three months. For premium accounts the levy will be HK$200. Citibank's fees freeze ...

  3. HSBC slashes mortgage rate in bold move to regain lost market share

    Posted Feb 16th 2006, 12:00am by Andy Chen

    ... Andy Cheng and Maria Chan HSBC has joined the city's mortgage price war in an attempt to regain lost market share, surprising competitors who say the move will intensify competition ... HSBC's best lending rate is 7.75 per cent- the same as that of subsidiary Hang Seng Bank but lower than the 8 per cent all other lenders in Hong Kong offer. Bank of China (Hong Kong) overtook ...

  4. HSBC launches cheapest fixed mortgage

    Posted Sep 15th 2005, 12:00am by Staff Reporter

    ... Maria Chan HSBC has unveiled a new fixed-rate mortgage for residential homebuyers at a rate of 4.5 per cent for home loans of more than $1 million- the lowest in the market. It will apply ... personal financial services at HSBC, said the loan offered homebuyers insurance against rising interest rates. 'With rates on an upward swing, fixed rate mortgages provide homebuyers ...

  5. HSBC, Citibank raise mortgage rates 0.25pc

    Posted Jul 03rd 2008, 12:00am by Enoch Yiu

    ... Enoch Yiu and Natalie Chiu Hongkong and Shanghai Banking Corp, the largest retail bank in the city, and Citibank said they would raise mortgage rates to new homebuyers by 25 basis points from today. Almost all major commercial banks in Hong Kong have raised their mortgage rates during the past two weeks, except Bank of East Asia. For HSBC's Hong Kong unit, the new mortgage ...

  6. HSBC sees profit slump at US unit

    Posted May 16th 2007, 12:00am by Staff Reporter

    ... Maria Chan Losses in riskier mortgage sector account for 39 per cent drop in first-quarter earnings HSBC Holdings said earnings at a key subsidiary in the United States fell 39 per cent, crimped by a loss in the mortgage business and more than doubled bad debt provisions. Its US consumer finance unit, HSBC Finance Corp, said first-quarter profit slumped to US$616 million from ...

  7. HSBC's 1.28pc loan offer

    Posted Feb 15th 2004, 12:00am by Chris Oliver

    ... HSBC last week slashed its best one-year mortgage rate for preferred customers to 1.28 per cent in the latest salvo in the cut-rate mortgage war. The Supreme Rate Mortgage, available only to Premier Account customers, offers a packaged mortgage repayment plan for one-year at 1.28 per cent. The loan has to be renewed with HSBC at the floating rate of prime minus 2.65 per cent. ...

  8. HSBC mortgage rate to rise, with other banks likely to follow

    Posted Oct 27th 2007, 12:00am by Staff Reporter

    ... others will follow. HSBC is the first big bank to declare a rate increase since the US Federal Reserve cut rates last month. The Bank of China (Hong Kong) and Hang Seng Bank are reviewing their rates. HSBC said yesterday it would raise its mortgage rate for new homebuyers from 4.62 per cent to 4.75 per cent. An additional 0.5 per cent rebate will be offered to homebuyers for loans ...

  9. HSBC raises mortgage rates, scraps rebates

    Posted Apr 14th 2005, 12:00am by Louis Beckerling

    ... Louis Beckerling Hong Kong's biggest home lender, HSBC, yesterday scrapped all cash rebates on its mortgage loans and raised the interest rate from 2.75 per cent to 3 per cent. ... Chest charity function yesterday at HSBC headquarters in Central, executive director Peter Wong Tung-shun said the latest rates adjustment reflected the fact the cost of conducting mortgage ...

  10. Banks follow HSBC mortgage rate cut

    Posted Feb 24th 2007, 12:00am by Staff Reporter

    ... Maria Chan Bank of China (HK), Bank of East Asia and Citibank launch new loan offers At least three banks matched HSBC by launching new mortgage offers yesterday, one day after ... percentage points below its prime rate, or 4.85 per cent. Citibank offered a mortgage rate as low as 4.9 per cent to entice customers. The prime lending rates of HSBC, Hang Seng Bank and BOCHK ...




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