A 10 per cent mark-up is often added to British and other overseas homes sold at exhibitions in Hong Kong, a property consultant says. Tony Arkey, regional director of Regal International Properties Limited said he had become disillusioned with the so-called property shows held in the territory. His agency was set up last month. Homes offered were 'probably 10 per cent' more expensive than in Britain. Regal International would not do so, he said. But according to Hong Kong's leading mortgage lender for British homes sold in the territory, prices offered by established agents did not include a mark-up. Barry Lea, regional director for private bankers Hill Samuel, said he only knew of one exhibition in the past five years where there was a wide differential between the value and sale prices. He said buyers would have problems in securing a mortgage anyway, if estate agents were to raise the price by 10 per cent, because the gap between purchase price and value would widen. Mortgages may be awarded to British-based buyers if the sales price were between five and 10 per cent above the valuation. But if another 10 per cent was added to the price, then the resulting 15-20 per cent differential between valuation and offer price would become too wide for mortgage lenders to accept, he said. Regal International will hold its first exhibition before the end of November. It will exhibit British, Australian, French, Monaco and Portuguese properties. Homes for first time buyers, priced between GBP30,000 and GBP40,000 (HK$363,000 and HK$484,000) are offered. The consultancy can also arrange for anonymous purchases through the British Virgin Islands for buyers who wish to escape British income tax and inheritance laws.