Posted by
rvgoh
16 yrs ago
Am considering renting out my self-stay apartment.
It is on 70% mortgage with one of the big banks in HK.
Would like to know:
1) should i inform the Bank before renting out the apt?
2) what's the difference in interest rate/other charges in this case vs self-stay?
3) what kind of trouble will I get into if i don't inform the Bank? Anyone with personal experience, care to share please?
Thanks!
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190k
16 yrs ago
Could also be a Criminal offence obtaining a pecunary advantage by deception
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bing2
16 yrs ago
i think if you paid 30% down the bank wont check. they just send you a letter once a while to ask if you were living there and of course you say yes.....
but if you only put 10 or 20% down....could be a different story....
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