what's the deposit % that is required here?
Less than 5%
5.1 to 10%
10.1 to 15%
15.1 to 20%
20.1 to 25%
25.1 to 30%
More than 30%
I believe every bank in HK gives 95%.
Shop around for the lowest mortgage rate.
That news to me. HSBC told me the only give 70% for non-new properties.
The one I am looking at is around 10 yrs old, so its not exactly old.
The real estate yesterday said to me that the norm is 30% deposit.
He said for the size of apartment i want to rent with a 30% deposit the repayments would be similar to costs to renting.
Just got to find that 30%!
You can borrow up to 95% if are ready to pay insurance. Just go to a bank (shop around at different banks) to ask...
When I move I expect to pay around 40-50% on rent.