Posted by
Todge
17 yrs ago
This may seem a dumb question, but I've been hearing conflicting advice, and my bank hasn't been able to give me a firm answer.
Is it true that banks in HK will only give you a mortgage out to thirty years of a village house's age?
So if I buy a village house that's 7 years old, I can only get a mortgage for 23 years.
If so, what happens when the place IS 30 years old? Are you expected to demolish and rebuild?
Thanks in advance.
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