Hang Seng Bank provides valuation services, offering P plan or H plan. MoneySmart helps you to compare, choose and apply for the best mortgage.
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Hang Seng provides online property valuation services for mortgage applicants. It shows instant property valuation but this service only apply to major properties in Hong Kong. The result is more conservative, so it should only be taken as a reference. To get a higher valuation, it is best to get more than one valuation but the process is often time-consuming. You can leave it to MoneySmart. We work with a wide range of mortgage lenders in Hong Kong and we can help you get a number of valuations easily. To quickly check the valuation of your property, you can try our Property Valuation Calculator.
|Hang Seng Mortgage Plans||Mortgage Loan Size||Mortgage Rate||Cash Rebate|
|New Purchase P Plan||N/A||P(5.125%) - 2.75%= 2.375%||1%|
|Refinance P Plan||N/A||P(5.125%) - 2.75%= 2.375%||0%|
|Hang Seng Mortgage Plans||Mortgage Loan Size||Mortgage Rate||Capped Mortgage Rate||Cash Rebate|
|H Plan New Purchase||N/A||H+1.24||P(5.125%) - 2.65% = 2.475%||1%|
|H Plan Refinance||N/A||H+1.24||P(5.125%) - 2.65% = 2.475%||0%|
|Property Types||Yes/ No||Remarks|
|New purchase of public housing without premium payment (green form applicants)||Maybe||Letter from Housing Authority required|
|New purchase or refinance of HOS flats without premium payment||Maybe||Column 3|
|Village house||Maybe||Floor plan required|
|Property with building orders||Maybe||On a case by case basis|
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Contact our mortgage team though our website or send a Whatsapps to +852 9665 5218
We will follow up on your inquiry and gives you different options.
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Proof of identity, income proof, and address proof are required. For new purchase applications, applicants are required to submit the provisional agreement for sale and purchase. For refinance, applicants are required to submit a recent repayment record and current mortgage repayment information.
It depends. Hang Seng may provide a mortgage for a property with a building order.
Yes. As long as applicants are able to show a recent 6-month bank statement to prove his/her income, it is possible to apply for a mortgage without a fixed income.
It is unlikely to get a mortgage from Hang Seng without a tax bill. Applicants are suggested to apply mortgage based on Asset Based Lending (ABL).
The mortgage application process can be daunting. If you leave it with professionals like the MoneySmart mortgage team, it will save you a lot of time. You can get multiple banks’ offers in 9 working days. Moreover, you can get up to 2.5% special interest rate and up to 1.5% cash rebate.