Gents,

Has anybody on the forum obtained a mortage/loan for a village house in the past?

Looking at a house that is around 15% under the valuation. One mortgage consultant says HKMC will not approve a first time buyer loan if the selling price is lower than 10% of the valuation.

Another consideration is the price is over 10.5 million HKD. Does anybody have any experience obtaining an 85% mortgage on a house? HKMC raised the 90% limit for apartments to 11.25m recently but not i am not clear how it would work for village houses.

Any experience will be appreciated!

Cheers in advance,