How to secure your mortgage on time if you end up in Hong Kong’s mandatory quarantine【星之谷專欄-南華早報】

  • If a borrower is subject to mandatory quarantine in Hong Kong and can’t get to the bank in person to complete the deal, it can be a major headache
  • Here are three steps that might help if you end up in quarantine before completing the deal to buy your home
Bitcoin call loan

What to do when a bank calls your mortgage loan? Don’t panic. The problem can be easily fixed【星之谷專欄-南華早報】

  • Recently banks have been known to call or terminate a mortgage loan when you are in breach of the declared use of property and engage in cryptocurrency trading
  • If the bank calls your mortgage loan, you can refinance it with another bank. In the case of cryptocurrency, trade with a crypto-friendly bank instead
first-time buyers of new houses

Handy mortgage tips and pitfalls to avoid for first-time buyers of new houses in Hong Kong【星之谷專欄-南華早報】

As the vaccine programme continues to help contain the Covid-19 pandemic in Hong Kong, home prices have rebounded substantially in recent months. A flood of cheap money unleashed by global central banks has found its way into fixed assets including residential properties.

Agreement In Principle

Getting mortgage pre-approval to ensure a safe landing on your dream home in the UK【星之谷專欄-南華早報】

Hongkongers have emerged as among the most aggressive buyers of UK property, snapping up more than £305.6 million (US$430 million) of prime London homes in 2020. This trend is expected to continue under a new wave of emigration, as BN(O) passport holders are allowed to live in the UK under the new visa scheme.

mortgage approvals

Hong Kong banks ease up on mortgage approvals as vaccination programme boosts homebuyers’ confidence【星之谷專欄-南華早報】

A strong start to homebuying activity portends well for the housing and mortgage markets, suggesting it is likely hold up well for the rest of the year. With activity picking up, lenders are looking to approve more mortgage loans, slashing interest rates and offering cash rebates to gain market share.