Am I eligible for Fubon Reverse Mortgage Plan?
Am I eligible for Fubon Reverse Mortgage Plan? You must: |
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be aged 55 or above (or aged 60 or above for owners of subsidized sale flats with unpaid land premium)^ and a holder of a valid Hong Kong Identity Card |
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not be an undischarged bankrupt or otherwise subject to bankruptcy petition or individual voluntary arrangement |
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If the property is a subsidized sale flat with unpaid land premium, the borrower should be aged 60 or above according to the specific age requirement as prescribed by the Hong Kong Housing Authority or the Hong Kong Housing Society. |
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| Your property must: |
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be a residential property in Hong Kong |
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be held in your own name, or in the joint names among you and up to 2 co-borrowers as joint tenants |
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not exceed 50 years of age (otherwise it will be considered on a case-by-case basis) |
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not be subject to any resale restrictions (except for the alienation restriction of subsidized sale flat# imposed by the relevant authority) |
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not be rented out unless with the Bank’s written approval |
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For a subsidized sale flat with unpaid land premium, it must be under the Home Ownership Scheme, Private Sector Participation Scheme, Tenants Purchase Scheme and Green Form Subsidized Home Ownership Pilot Scheme of the Hong Kong Housing Authority, the Flat-For-Sale Scheme, Sandwich Class Housing Scheme and Subsidized Sale Flats Projects of the Hong Kong Housing Society, or any other subsidized housing schemes as accepted by the HKMCI from time to time. |
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| The relevant terms and conditions are subject to the announcement and final approval of the HKMCI. To find out more, please visit The Hong Kong Mortgage Corporation Limited website or contact our staff. |
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Why apply with Fubon Bank?
Why apply with Fubon Bank? Apart from providing Fubon Reverse Mortgage Plan and full range of professional mortgage services to you, we also go one step further to provide the following value-added service for better planning of your retirement life. |
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| Fubon magi©money manager Interest-bearing Current Account |
| Our Fubon magi©money manager Interest-bearing Current Account combines flexibility and convenience for empowering your wealth. You can simply manage your finance with ease. |
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Simple Steps of Application
Simple Steps of Application
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Should you have any enquiry, please feel free to call our Mortgage Services Hotline at 2806 7222 during office hours*. We will be happy to meet with you and explain every detail to you.
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Monday to Friday: 9am to 7pm; Saturday: 9am to 1pm (Except public holidays). |
To borrow or not to borrow? Borrow only if you can repay!
For various service charges for mortgage services, please click here for the List of Service Charges for Retail Banking Services.
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