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  • September 23, 2014
  • Last updated: 5:20am
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  1. Business - Companies - LENDING

    Hitachi Capital lures homebuyers with offer of 95 per cent loans

    Posted Apr 17th 2013, 12:00am by Sandy Li, KANIS LI

    ... Sandy Li and Kanis Li Homebuyers lured with offer of 95 per cent loans Money lender Hitachi Capital (HK) is teaming up with mortgage broker mReferral to offer home loans of up to 95 per cent of the price of a flat, with the loan capped at HK$5 million. The move comes after the Hong Kong Mortgage Corp's decision in February to tighten eligibility for payment protection ...

  2. Zero rate offer as mortgage war heats up

    Posted Mar 17th 2009, 12:00am by Enoch Yiu

    ... they are so aggressive in competing for mortgage loans, which are relatively lower risk than other types of lending. 'This trend is likely to continue as we have seen some property owners launch ... Enoch Yiu The mortgage war between local lenders is escalating, as Hang Seng Bank joins the fray with a product offering mortgage borrowers zero interest for three months. It is the first ...

  3. Purchasers resort to brokers for mortgages

    Posted Oct 04th 2008, 12:00am by Sandy Li

    ... at a steep discount of 20 per cent as they did not want to complete the purchase by seeking a mortgage loan that would increase the cost of the transaction. Hendrick Leung Lee-chung, a director and general manager at Centaline Finance, said banks were not keen to extend mortgage loans unless it was to quality customers. 'People working in investment banks and the insurance sector ...

  4. UK banks tighten purse strings on loans

    Posted Aug 04th 2010, 12:00am by Richard Warren

    ... Richard Warren in London Non-British investors are finding it increasingly difficult to secure mortgages on British property as many high-street banks and building societies refuse loans ... of lack of finance, than we are used to. Buyers need to be mentally prepared for that.' The Council of Mortgage Lenders had forecast GBP150 billion (HK$1.83 trillion) would be loaned ...

  5. Regulator calls for lenience to curb mortgage deterioration

    Posted Jul 10th 2003, 12:00am by Raymond Ma

    ... profits. 'Banks need to keep a watchful eye on the situation and adopt a pro-active and helpful approach to restructuring mortgage loans when borrowers start to exhibit signs of financial distress,' he said. Speaking at a luncheon organised by the Asia Pacific Loan Market Association, Mr Carse said banks' profits could be badly affected if the quality of mortgage assets ...

  6. New mortgage deal to save old buildings

    Posted Sep 27th 2004, 12:00am by Chloe Lai

    ... are uncommon since banks are reluctant to provide good mortgage terms. Most will offer only a mortgage loan of up to 60 per cent of the price, with the mortgage period plus building age not exceeding ... The authority would offer interest-free loans, free building material and professional advice. The refurbished buildings would be entitled to the preferential mortgage terms, including a 95 per cent ...

  7. Pre-sales banned on flats in Shenzhen

    Posted Apr 02nd 2005, 12:00am by Elaine Chan

    ... investment destination for Hongkongers, is the latest mainland city to introduce further measures after Beijing raised mortgage loan down-payment ratios on March 17 and this week ordered local governments to stabilise property prices or be held responsible. On Tuesday, 16 Shanghai banks united to ban mortgage loans on flats that were being put on the market less than a year after purchase ...

  8. More rate rises on the way, says broker

    Posted Dec 02nd 2011, 12:00am

    ... mortgage rates may climb to as high as 5 per cent in Hong Kong because most Hibor-linked mortgage loans extended previously will become unprofitable as funding costs increase. Barclays Capital Asia ... on the housing sector remained insignificant compared with the macroeconomic risks. Mortgage loans drawn down in the market were expected to fall from HK$324.2 billion last year to HK$228 billion ...

  9. Business - Banking & Finance - BANKING

    Hong Kong banks to undergo mortgage loan checks

    Posted Mar 20th 2013, 12:00am by KANIS LI

    ... loan check Banks may face a higher capital requirement as the city's de facto central bank will step up its review of their capital adequacy levels. Starting with their mortgage ... to review mortgage books and the authority would discuss with individual banks to decide which part of their loan portfolios would be reviewed next. The authority has ordered eight banks to raise ...

  10. Reverse mortgage pilot scheme fine-tuned

    Posted Feb 25th 2011, 12:00am by Martin Wong

    ... is a residential mortgage designed for the elderly. They will use their self-occupied and non-mortgaged homes as collateral to apply for reverse mortgage loans with banks, and receive a secure stream of monthly payments. At the same time, the elderly can remain in their home for the rest of their lives. They do not need to repay the loan or pay any interest or mortgage insurance premiums. ...




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