Posted by
bennycat
18 yrs ago
Hi there, we are planning to buy a village house on Lantau but are worried about land ownership rights etc. The house is about 20 years old, has anyone got any tips or experiences they would like to share? Cheers dears.
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Basically, it all depends on how much you want to put down and how much each individual bank is willing to lend on the property. Step by step new problems will come to light, including land ownership, but they will all eventually come to the surface as your loan won't be approved until it's all checked out. Do remember at 20 years old, you probably won't be able to get a 70% mortgage and if this doesn't affect you, it may well affect the person you eventually sell on to.
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boy
18 yrs ago
Also interested to know how to find, any procedure? on buying a village house?
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Depends on the area, age all that sort of thing. It's best to go through your agent for advice Boy, or if there's a house you've seen, you could do a landsearch on it, to find out ownership.
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