Better Mortgage Loan Scheme

	Offered by 17 banks and Hong Kong Mortgage Corporation
	Offer preferential mortgage terms for easy sale and purchase of the rehabilitated property.
	Realize value appreciation of the rehabilitated old buildings in the market price.
	Enhance marketability of the rehabilitated buildings
	Enhance liquidity potential of the owners of aged properties in the old districts

Residential units in buildings that have been rehabilitated with the assistance of the URA through either:

	Building Rehabilitation Materials Incentive Scheme; or
	Building Rehabilitation Loan Scheme

Mortgage Loan Scheme by 17 banks

The banks are:

Bank of China (Hong Kong) (tel: 3669 3233)
Bank of Communications (tel: 2269 9699)
Bank of East Asia (tel: 3608 8686)
Chong Hing Bank (tel: 3768 7525/3768 6888)
Citibank (tel: 2860 0368)
CITIC Ka Wah Bank (tel : 2287 6788)
Dah Sing Bank (tel: 2828 8000)
DBS Bank (tel: 2961 2288)
GE Money (tel: 2961 1688)
Hang Seng Bank (tel: 2710 2288)
HSBC (tel : 2748 8080)
ICBC (Asia) Ltd (tel : 2534 3000)
MEVAS Bank (tel : 3101 3838)
Nanyang Commercial Bank Ltd (tel: 2622 2633)
Standard Chartered Bank (Hong Kong) (tel: 2886 8855)
Wing Hang Bank (tel: 2852 5740/ 2852 5739)
Wing Lung Bank (tel: 2952 6666)

Hong Kong Mortgage Corporation :

Mortgage Insurance Programme would be extended to cover the rehabilitated buildings assisted by URA schemes as follows:

	Assistance in purchase of mortgage insurance.
	Provide additional mortgage up to 85% of the property value.
	Repayment period + building age can be prolonged to maximum 60 years.

Last Update at : 04/09/2008