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Why Hong Kong banks are reluctant to follow US in hiking rates

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  1. #11

    Join Date
    Feb 2009
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    8,280
    Original Post Deleted
    If I could get Hibor mortgage rates here to completely refinance my properties overseas would be very attractive indeed. I have not looked at it exhaustively, maybe its my next project after I settle down a little . For now, I'm happy to get a simple tax loan to refinance a big chunk.

    One product I have been looking at casually is something like this. I might give them a call one day and see what they can do:
    https://www.nationalaustraliabank.co...y_finance_faqs

  2. #12

    Join Date
    Feb 2009
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    Original Post Deleted
    Lloyds was another one that offered HKD loans for property in UK, Australia and a few other countries but they pulled out of the market a few years ago. I did enquire with them many years ago and their rates were quite good, based on LIBOR but from memory was effectively around 2%. They had some innovative features of being able to switch the currency of the loan every month to take advantage of exchange rate fluctuations and the interest rate changed depending on the currency.

    http://www.telegraph.co.uk/finance/p...mortgages.html
    jrkob likes this.