HKMC rules and regulations ?

On the HKMC site it doesn't mention that you can't own any other properties. I assume as long as your mortgage is below 70% on the other properties they will still lend you money

Yeah that's correct the HKMC will allow a 85% mortgage on an investment property, but I dont what the rules are in regards to having two mortgages over the 70% threshold (an investment and self occupancy) running at the same time??


I find that the less info you give the HKMC the better. I was too honest the first time around and they wanted more paper work from me than their is tea in China...


I have been hearing rumors that the HKMC is to reduce the amount they will insure, is there any truth to these rumors? A friend of mine was offered a 95% mortgage with HSBC last month....

I'm holding off, if I still have a job I will be buying in again later in the year, but it make it hard if the banks and HKMC arent willing to part with their money... if they actually have any...