90% mortgage but not living there - risky?

[ycchai]

yes banks also asked for the letter. Actually I think its the banks that ask for the confirmation instead of HKMC. HKMC prob gets undertaking from Banks that they have performed the 1 year confirmation from purchaser. And you have to reply so that no one will rock the boat. Someone must have been a nasty landlord or rented to a horrible tenant to get into that situation where they report him to ICAC

[woodwood]

I will just say that fucking around with something that is most likely a first property owner’s largest asset is not wise, and let the complacency of “everyone does it” and “even the lady at the bank said no one cares” (my case) be no more with this event.