^ “Mortgage Insurance Programme” applicant can also borrow the insurance premium (HKD4,050,000x5%=HKD202,500) along with the loan. Insurance premium amount is based on mortgage type, loan-to-value ratio and loan tenor.
* “Mortgage Insurance Programme” applicants who fulfilled the following criteria are eligible for mortgage loans with maximum 90% loan-to-value ratio (“LTV”) (base on the lower of purchase price / valuation of the property): (i) all mortgagors not holding any residential properties in Hong Kong at the time of application; and (ii) all applicants being regular salaried persons; while the maximum LTV of this plan is generally 80%. The loan amount is subject to the final approval of Hang Seng Bank Limited (“Hang Seng”).
+ Result of Initial Assessment is for reference only and should not be regarded as a final approval for the mortgage loan from Hang Seng or a representation from Hang Seng that a final approval will be granted. Further assessment will be conducted according to Hang Seng’s prevailing policies when all of the documents required by Hang Seng are collected. The formal mortgage loan application is subject to final approval of Hang Seng.