• Fri
  • Aug 29, 2014
  • Updated: 12:48pm

Mortgage

Britain's Help to Buy homes plan a mixed blessing for Hong Kong

As part of his latest budget, Chancellor of the Exchequer George Osborne introduced Help to Buy, a combination of shared-equity loans for buyers and mortgage guarantees for lenders. The plan is open to first-time buyers and home movers, but not Hong Kong investors or other second-home buyers, although they will be indirectly affected.

Wednesday, 27 March, 2013, 5:44am

UK home prices rise most in three years

The Bank of England's Funding for Lending Scheme (FLS) has helped ease credit conditions, while plans announced by the government last week to assist homebuyers will also support the market, Hometrack said.

27 Mar 2013 - 6:06am

Big banks worry as mortgage interest rate gaps opens with smaller lenders

Hong Kong's big banks are anxious to see smaller peers follow the rises in mortgage interest rates the largest operators announced earlier this month, after a gap opened up that could let smaller lenders poach business.

25 Mar 2013 - 5:38am

'Modest default risk' in property price slump

The recent spate of rises in mortgage lending rates would improve banks' profit margins but they also reflected higher risks for the home-loan business, said Fitch's head of Hong Kong financial institutions Sabine Bauer. But the ability of homebuyers to repay would be stable even if property prices dropped, given the low interest rates.

22 Mar 2013 - 4:19am

Bank on it - doomsday not so nigh

I can paint the doom scenario as well as anyone can. Here we have a red-hot residential property market with prices propelled to record heights by four years of extraordinarily low interest rates. What will happen if interest rates now start to rise?

21 Mar 2013 - 5:20am 9 comments

Hong Kong banks to undergo mortgage loan checks

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 portfolios, the Hong Kong Monetary Authority would look at the robustness of the banks' entire loan portfolios, deputy chief executive Arthur Yuen Kwok-hang said.

20 Mar 2013 - 5:23am

Second-hand home transactions hit historic lows

Home sales in the secondary market have plunged to historical lows, hit by increased mortgage rates and developers' competitive pricing strategies on new developments that have lured home seekers away from the second-hand housing sector.

20 Mar 2013 - 8:42am

Q & A with our experts, March 20, 2013

Q:I have saved about HK$500,000. I want to use it for the down payment for a mortgage on my first home. Where can I find properties priced slightly over HK$2 million? What are the options?

20 Mar 2013 - 5:22am

Homebuyers face squeeze on mortgage payment protection insurance

The Hong Kong Mortgage Corporation may further tighten eligibility for its payment protection insurance on home loans, in light of rising interest rates.

17 Mar 2013 - 5:39am

Sellers cut asking prices on homes as banks raise mortgage rates

From today, HSBC's best lending rate for new home loans will rise to 2.85 to 3.15 per cent, from 2.6 to 2.9 per cent. Standard Chartered has also raised rates from today.

14 Mar 2013 - 7:47am