true or false?



ORIGINAL POST
Posted by scotsgirlinhk 17 yrs ago
I have been told that in order to rent our my flat you have to have a 90% mortgage (or less!) is this true?

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COMMENTS
associates 17 yrs ago
False


most mortgages however DO contain a clause indicating that if you are not living in the premises you MUST get the bank's consent to rent the premise out...failing which the bank can cancel the mortgage and request re-payment of their loan.


Weir & Associates

Solicitors & Notaries

16th Floor Tak Shing House

Theatre Lane

20 Des Voeux Road Central

Central

Hong Kong


Tel : 2526-1767

Fax : 2868-3568

email : weirlaw@hongkonglaw.com

www.HongKongLaw.com/weirlaw

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