Village house mortgage term



ORIGINAL POST
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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COMMENTS
Todge 17 yrs ago
OK thanks Saikunga.

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