Mortgage FAQ

A mortgage referral service provides independent advice comparing plans across banks to find the most suitable product. We don't charge you anything and aren't tied to any one bank, so we can negotiate the best terms on your behalf.

Completely free. Our commission is paid directly by partner banks or financial institutions. Clients never pay any service or advisory fee.

Since 2024-10-16, HKMA standardised the LTV cap for self-occupied residential properties to 70% regardless of value. For higher LTV, the HKMC Mortgage Insurance Programme (MIP) offers: (1) property up to HK$10M — first-time buyers who are salaried can borrow up to 90%; (2) HK$10M – HK$15M — up to 80%; (3) HK$15M – HK$30M — 70%–80% with loan caps. Actual LTV depends on valuation, income proof, and bank internal review (including stress test).

If your current mortgage rate is above market, your penalty period has passed, or you want to unlock equity for other purposes (education, renovation, investment), refinancing is worth considering. Refinancing cases often come with bank cash rebates.

Second mortgages increase your monthly repayment burden. Poor cash-flow management may lead to default risk. Some second-mortgage providers are not licensed banks and may charge higher rates. We only refer to licensed, compliant institutions and explain all terms before application.

From submission of complete documents, banks typically provide preliminary approval in 5–10 working days. Including valuation and formal approval, the full process takes 3–6 weeks. Refinancing cases are usually faster.

The HKMA officially suspended the +2% stress test requirement on 2024-02-28, but banks still apply similar internal tests during approval. Current DSR (debt service ratio) cap is a unified 50% (HKMA aligned self-use and investment from 2024-02-28, removing the old 40% for investment); LTV cap is 70% for self-occupied (≤HK$30M) / 60% (≥HK$35M), and 60% for rented/investment. We pre-calculate this before you file — try our Stress Test Calculator for an instant assessment.

Yes. Self-employed, commission-based, or multi-source income applicants typically need to provide 1–2 years of tax returns, company financial statements, or bank statements. We know how each bank handles non-fixed income and match you with the most suitable lender.