Existing Building
Property Value
Maximum LTV Ration
At or below HK$8 million
90%*
Above HK$8 million and below HK$9 million
80% - 90%
(Max loan cap = HK$7.2 million)
(Max loan cap = HK$7.2 million)
At or above HK$9 million and at or below HK$10 million
80%*
At or Above HK$10 million
50%
Uncompleted Building
Property Value
Maximum LTV Ration
At or below HK$4 million
90%*
Above HK$4 million and below HK$4.5 million
80% - 90%*
(Max loan cap = HK$3.6 million)
(Max loan cap = HK$3.6 million)
At or Above HK$4.5 million and below HK$6 million
80% - 90%*
Above HK$6 million and below HK$9 million
80% - 90%*
(Max loan cap = HK$7.2 million)
(Max loan cap = HK$7.2 million)
Above HK$9 million and below HK$10 million
80%
At or Above HK$10 million
50%
Non-self use Residential Properties or holds more than one mortgage loan
Property Value
Maximum LTV Ration
Below HK$7 million
50%
At or Above HK$7 million and below HK$10 million
50% (Max loan cap = HK$4 million)
At or above HK$10 million
40%
Non-self use or a company
40%
holds more than one mortgage loan
10% reduction based on the above ratio
Approval by asset level
Property
Maximum LTV Ration
First property
40%
Second property
30%
*The applicants shall be fulfilled (1) Does/do not hold any property at loan applicants; (2) Regular salaried; and Debt-to-income ratio is 50% or below.
Debt Servicing Ratio
Debt Servicing Ratio
Property
Self use
Non-self use
First Property
50%
40%
Second Property
40%
40%
Mortgage stress test
(Assuming a 3% rise in interest rates, mortgage insurance plans or fixed-rate mortgages below 10 million are not required)
(Assuming a 3% rise in interest rates, mortgage insurance plans or fixed-rate mortgages below 10 million are not required)
Property
Self use
Non-self use
First Property
-
50%
Second Property
50%
50%