News Hong Kong Property & Finance

HK bank lending criteria for investment properties

ORIGINAL POST
Posted by helpplease 15 yrs ago
What are the banks lending criteria for rental properties?


Meaning if someone buys an apartment to let, what proportion of salary will a bank lend to? 50% or 40% - and is it based on gross or net salary?


I assume that banks are stricter on investment properties vs primary residence?

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COMMENTS
helpplease 15 yrs ago
but is there a % of gross (or net) pay that they are willing to lend to - i.e. the monthly mortgage payments should be no more than x% of salary? I am just looking for the general trend in HK. I would assume some of the local banks may be more aggressive in their lending criteria.

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helpplease 15 yrs ago
I don't want to get a mortgage. I am doing some research for a case and trying to "reverse" engineer someone's earnings from their mortgage payments. It's a non-trivial amount of $100k a month for a 15 properties. I suspect their may have been fraud in his delaration of earnings to the bank...

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YVR HKG 15 yrs ago
I believe the banks take 50% of your salary into consideration and I was told 75% of your gross rent as well. (I was actually told your net rent would be considered as well). Hope that helps.

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