Renting and Mortgage whilst outside HK

We are moving from HK to lie low for a while until life returns to a semblance of normality here but we own a house which we don't want to have to sell.

If we rent it out we would have to tell the bank and they would change our interest rate on the mortgage by a significant amount.

We would also have to keep a bank account open here to have rent paid into.

So the questions are:

1. Should we tell the bank or just keep the mortgage as normal, especially considering we plan to come back to HK and live in it.

2. Is there a formality we have to go through with the bank considering we will be living abroad?


We are 5 months short of residency status but we can apparently apply still.

Thanks in advance for your help and advice if you choose to give any!!

Thanks Patrick, that is pretty much along the lines of what we thought.

Fortunately our friends are renting the place and our neighbours have become good friends and they will keep an eye out on it for us.