First let’s talk about Shenzhen people buying houses in Hong Kong.
Due to the differences in policies between the two places and the existing foreign exchange control policies, Shenzhen people buy houses in Hong Kong through ordinary mortgages. In terms of operation, There are many problems.
Applying for a Hong Kong bank mortgage is restricted
During the interview, the reporter found that among the Shenzhen buyers who chartered cars to Hong Kong to buy properties, except for some who had Hong Kong ID cards, they were residents of Shenzhen. , the vast majority of Shenzhen buyers have almost no idea about relevant local policies. "Although I have paid a 5% deposit, I am now a little worried about the bank loan approval. If I cannot apply for a loan from a bank in Hong Kong, I will definitely not want this house." Yesterday afternoon, I consulted at several Hong Kong banks. Mr. Li, a Shenzhen buyer who has taken up mortgage loan matters, said.
According to Shenzhen people’s home buying practice, after paying a certain percentage of down payment, the home buyer applies for a mortgage loan from the bank, but mortgage loans for buying houses in Hong Kong are restricted. During the interview, the reporter found that mortgages for mainlanders in Hong Kong banks are still in the "pilot" stage.
Staff from an agency that specializes in mortgage loans for Cheung Kong Property buyers told reporters that currently there is no precedent for banks in Hong Kong to accept applications for mortgage loans from mainlanders. "Because many mainland buyers applied for loans this time, we handled it together." But she also said that the loan approval time for Hong Kong banks to accept home buyers who can provide proof of income in Hong Kong is generally only ten working days. As for whether the loan application of Shenzhen buyers can be approved, she is not yet sure. "We have submitted all the information provided by the buyers, but we have not yet received the approval results. It is estimated that it will take at least a month or so." ”
It is best to have relatives in Hong Kong provide guarantees
The intermediary of Hong Kong Xiangyi Real Estate Agency said that it is best for Shenzhen buyers to have relatives in Hong Kong, and relatives can provide guarantees. Get a loan more easily. When the reporter said that he had no relatives in Hong Kong but needed a guarantee, the intermediary said that Hong Kong banks have many restrictions on non-Hong Kong people buying property in Hong Kong, which would be troublesome.
It is understood that if a mainlander buys a property in Hong Kong but cannot pay it off in one lump sum, the buyer must pay a down payment ranging from 30% to 50% and borrow the remaining balance from a bank. However, when banks borrow money, they will require customers to submit proof of assets, which generally requires a certificate of deposit of at least 100,000 yuan.
In terms of specific property certificates, Hong Kong banking industry insiders said that mainland income certificates may not be recognized by Hong Kong banks. A financial planner from the Hong Kong branch of HSBC said that in theory, mainlanders who apply for a Hong Kong bank mortgage need to provide proof of property funds such as real estate, income, deposits, and stocks. However, because Hong Kong banks have strict rules on avoiding financial risks. A review system, whereby a detailed verification of the borrower’s assets and income will be carried out. However, it is very troublesome for Hong Kong banks to verify the mainland asset certificates provided by Shenzhen people. “Because Hong Kong banks are not familiar with the relevant mainland departments, it is very difficult to operate.
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