Mortgage Loan | South China Morning Post
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  • Jan 28, 2015
  • Updated: 12:46pm

Mortgage Loan

Helping hand for top-end borrowers

Bankers believe there will be only a small demand for the Government mortgage insurance programme to help people buy homes priced at up to HK$8 million.

Saturday, 3 November, 2001, 12:00am

Banks clamour to ease negative equity gloom

As the number of Hong Kong homeowners with 'negative equity' rises, banks are rushing to offer relief to people whose outstanding mortgage loans exceed the market value of their property.

Dah Sing Bank yesterday became one of the latest banks to announce a scheme for existing customers with negative equity.

18 Oct 2001 - 12:00am

Negative-equity relief on way

A homeowner caught in a negative-equity trap may typically pay up to HK$2,000 a month more for a mortgage loan than a borrower with an investment of positive equity in his property. In a worst-case scenario the penalty rate might rise above HK$2,500 a month.

12 Oct 2001 - 12:00am


HERE IS A snippet from yesterday's news that should help you put a little perspective on the woes of owning property these days.

In reactions to the Chief Executive's policy speech we quoted a reader who complained about the financing burdens of the two flats and one office she owns.

12 Oct 2001 - 12:00am

Harsh price of 'negative equity' homeownership

Updated at 6.45pm: A homeowner caught in a 'negative equity' trap may typically pay up to HK$2,000 a month more for a mortgage loan, than a borrower with an investment of positive equity in his property.

In a worst-case scenario the penalty rate might rise above HK$2,500 a month.

11 Oct 2001 - 12:00am

Earnings rise strong 8.8pc to $14b

HSBC Corp, Hong Kong's biggest lender, surprised the market yesterday by unveiling a strong 8.8 per cent gain in net earnings to HK$14.21 billion.

The increase, for the six months ended June 30, came despite a small contraction in the group's total loan book - led downwards by a fall in mortgage loans made in Hong Kong.

7 Aug 2001 - 12:00am

Mortgage scheme draws more home buyers

More home buyers than ever are applying to take out mortgage insurance to enable them to raise home loans to 90 per cent of a property's value, according to the Hong Kong Mortgage Corp (HKMC).

About 12 per cent of borrowers now take out mortgage insurance, compared with only 7 per cent of new mortgage loans last year and 4 per cent in 1999.

23 Jul 2001 - 12:00am

10 Things to watch out for when...Starting your first job

Start saving young: The sooner you start, the more savings you will amass. Depending on your circumstances, it may be tough to save much from your first full-time job, but try to put at least 5 per cent away: It will create a good habit for when your salary grows.

13 May 2001 - 12:00am

Prospects turn gloomy after new-flats boost

Sales of new flats in the private residential market rose modestly in the first quarter of this year, but general sentiment remained lacklustre with a fall in secondary-sales transactions.

Analysts said it appeared developers managed to better capitalise on the Government's property-stimulus measures and three interest-rate cuts to dispose of projects.

11 Apr 2001 - 12:00am

A lending hand

Moves to stimulate the property market have been picking up pace in recent weeks, and causing some debate in the process.

It is still difficult to tell whether the price level has hit bottom, and concerns have already been expressed about the decision to cut back on the number of land sales and lower the entry level for the Home Ownership Scheme.

2 Mar 2001 - 12:00am

Banks get generous in battle for mortgages

Competition among banks to win mortgage customers is escalating as home-loan business declines due to the drying up of residential transactions.

In addition to generous lending interest rates, banks are raising cash rebates to lure customers.

29 Nov 2000 - 12:00am

Park Avenue unit prices may see lift

Sino Land is considering raising prices for flats at the third phase of the Park Avenue development in Olympic Station, Tai Kok Tsui, according to sources.

24 Aug 2000 - 12:00am

Insurance cap may be raised

Hong Kong Mortgage Corp (HKMC) is to consider today lifting the ceiling on its insurance programme by five percentage points in a move that would allow home-buyers to secure loans for up to 90 per cent of a property's value.

26 Jul 2000 - 12:00am

HSBC sees vacancies and interest rates keeping brake on prices

Property prices have limited upside potential due to the large number of vacant flats and a possible further increase in interest rates, despite improved confidence, according to HSBC Holdings' latest economic report.

HSBC said the market was still clouded by excess supply, with about 60,000 vacant units in the residential market.

13 Jul 2000 - 12:00am

Loan-seekers turn to Internet

Hong Kong appears to be embracing on-line banking, with GE Capital (Hong Kong) saying about half the personal loans that clients applied for last month were carried out over the Internet.

'This shows the increasing trend of local people using e-banking services,' chief executive Stephen Hajtun said.

29 May 2000 - 12:00am