News Hong Kong Property & Finance

Mortgaged & Tenancy

ORIGINAL POST
Posted by cookie09 15 yrs ago
1. you have to inform the bank

2. generally they do it at a slightly higher rate (i would guess 0.2%?)

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COMMENTS
ArtfulDodger 15 yrs ago
Don't worry about it.


But you will find some difficulty if you are applying for another mortgage assuming you bought your new place. If you're only renting the new place, then save yourself some $ in a lower interest rate, and don't tell.

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associates 15 yrs ago
Yes, you do need to inform the bank and they usually will change your plan to a higher interest rate.


Weir & Associates

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16th Floor Tak Shing House

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Central

Hong Kong

Tel : 2526-1767

Fax : 2868-3568

email : WeirLaw@HongKongLaw.com

www.HongKongLaw.com/weirlaw

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