Cybernetics Property Mortgage

Property Value

HK$

Loan Amount

Term

Total Loan Amount

HK$ 2,400,000

Rate

Monthly Repayment

Cash Rebate

First Year

HK$

Total Mortgage Pay

HK$

Notice:

If the property price is 10 million or less, you can participate in the government's "mortgage insurance plan" with a maximum mortgage ratio of up to 90%
Some banks do not accept applications for village houses with smaller square feet
The bank must pay the land price before applying for a mortgage
The valuation of village houses varies greatly, it is recommended to do an appraisal before buying
Each bank has different attitudes towards illegal construction of village houses, but generally they do not accept mortgage applications for village houses with serious unauthorized construction
If the village house fails to provide "right of way" and "satisfaction certificate", the bank will not accept the mortgage application

Notice:

If tenement buildings are converted into subdivided flats, most banks will not accept the application
Each bank has different attitudes towards tenement buildings, but generally they do not accept mortgage applications for tenement buildings that are seriously illegally built
Generally, banks limit the building age to 70-75 years. Some older tenement buildings may not be able to make all the 30-year payments

Notice:

Developers have different closing period plans, buyers need to pay attention to obtain a bank mortgage before the closing period
When calculating a bank mortgage loan, all developer rebates (including cash and non-cash) must be deducted from the property price first
There are different closing periods for first-hand properties, and some banks can extend the validity period of mortgage applications according to the buyer's longer closing period
Some developers have designated second mortgage plans, and customers must first decide whether to participate when signing the provisional sale and purchase agreement
The developer's second mortgage only cooperates with certain banks. Buyers should pay attention to whether the applying bank is on the developer's cooperation list
When applying for a bank mortgage, the bank must calculate the payment ratio/stress test based on the first mortgage and the developer's second mortgage
Bank mortgage and developer's second mortgage are separate applications. Buyers need to apply for the second mortgage from the bank and developer respectively

Notice:

Contribution percentage up to 40%
The maximum loan term is 15 years
If the parking space is mortgaged together with the residential unit in the same housing estate, the mortgage rate can be calculated as the same as a residential mortgage

Notice:

Maximum mortgage ratio 40%
Most banks do not accept mortgage applications for subdivided strata properties (subdivided shops/subdivided factories/subdivided offices)
The maximum payment period for general banks is 20 years

Notice:

The maximum loan-to-value ratio is 90% (white form) / 95% (green form) Renshi
The payment term is determined based on the first sale and transaction date of the property, up to 25 years
For second-hand HOS flats, the payment term and mortgage factor are directly related to the age of the property. It is recommended that you make inquiries first before signing the contract
If you need to re-mortgage/additional mortgage, you must first submit an "application for changing mortgage arrangements" to the relevant government departments (Housing Authority/Housing Society), and then apply to the bank with the consent of the relevant departments.
You do not need to participate in the’mortgage insurance plan even if you apply for a high-percentage mortgage

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Property Value #	Maximum LTV Ratio #
At or below HK$4 million	80% or 90% *
Above HK$4 million and below HK$4.5 million	80% - 90% * ((subject to a loan cap of HK$3.6 million))
At or above HK$4.5 million and up to HK$6 million	80% (subject to a loan cap of HK$4.8 million)
*Only applicable to application with (i) all mortgagors not holding any residential properties in Hong Kong at the time of application and (ii) all applicants being regular salaried persons (please refer to the requirement of maximum debt-to-income ratio as stated in the relevant Insurance Eligibility Criteria)

Property Value #	Maximum LTV Ratio #
Above HK$4 million and up to HK$10 million	80% or 90% *
Above HK$10 million and below HK$11.25 million	80% - 90% * (subject to a loan cap of HK$9 million)
At or above HK$11.25 million and up to HK$15 million	80%
Above HK$15 million and up to HK$17.15 million	70% - 80% (subject to a loan cap of HK$12 million)
Above HK$17.15 million and up to HK$30 million	70%
*Only applicable to application with (i) all mortgagors not holding any residential properties in Hong Kong at the time of application and (ii) all applicants being regular salaried persons (please refer to the requirement of maximum debt-to-income ratio as stated in the relevant Insurance Eligibility Criteria)

Property Price	HK$19.20M
Maximum mortgage ratio	Price ≤ HK$10.00M：80% or 90%* Price HK$10.00M above - $11.25M or blow :80-90%* (The loan limit is HK$9.00M ) Price HK$11.25M above - 19.20M : 80% (The loan limit is 9.60M)
Contribution ratio :	The applicant does not own or provide mortgage guarantees to one or more properties with outstanding mortgage repayments (i) 50% The applicant already owns or provides mortgage guarantees to one or more properties with outstanding mortgage repayments (i) 40% (Applicable to mortgage ratio not exceeding 60%); or (ii) 35% (applicable to mortgage ratio above 60%)
Maximum repayment period	30 Years
The upper limit of the sum of "original/remaining repayment term" and "property age"	75 Years
Borrower Category	Customers applying in private names
Mortgage premium	You can choose to pay the mortgage premium in a lump sum or annually. If you choose to pay the mortgage premium annually, there will be no surrender arrangement.

Property Price	HK$19.20M
Maximum mortgage ratio	Price ≤ HK$10.00M：80% or 85%* Price HK$10.00 above - $11.25M or below :80-85%* (The loan limit is HK$9.00M ) Price HK$11.25M above - 19.20M : 80% (The loan limit is 9.60M)
Contribution ratio :	The applicant does not own or provide mortgage guarantees to one or more properties with outstanding mortgage repayments (i) 50% The applicant already owns or provides mortgage guarantees to one or more properties with outstanding mortgage repayments (i) 40% (Applicable to mortgage ratio not exceeding 60%); or (ii) 35% (applicable to mortgage ratio above 60%)
Maximum repayment period	30 Years
The upper limit of the sum of "original/remaining repayment term" and "property age"	55 Years
Borrower Category	Customers applying in private names
Mortgage premium	You can choose to pay the mortgage premium in a lump sum or annually. If you choose to pay the mortgage premium annually, there will be no surrender arrangement.

Mortgage premium	HK$6.00M
Maximum mortgage ratio	80%
Contribution ratio :	The applicant does not hold any form of mortgage (i) 50%^ The applicant has held any form of mortgage (i) 40% (applicable to a mortgage ratio not exceeding 70%); or (ii) 35% (applicable to a mortgage ratio of more than 70%)^^
Maximum repayment period	25 Years
The upper limit of the sum of "original/remaining repayment term" and "property age"	75 Years
Borrower Category	Customers applying in private names
Mortgage premium	You can choose to pay the mortgage premium in a lump sum or annually. If you choose to pay the mortgage premium annually, there will be no surrender arrangement. (Please refer to the Mortgage Premium Schedule for details)

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