The Upper South Mortgage Plan

The Upper South Mortgage Plan :

	The Upper South Special mortgage offers:
Rate	As low as H+1.30% (cap2.50%) *With Deposite Linked
Net Rate (p.a)	As low as 1.39%^
Loan-to-Value Ratio	Up to 90%
Loan Tenor	up to 30 years
Cash Rebate	Up to 1.4%

#For free professional mortgage services, please feel free to contact us:（WHATSAPP: 9608 3114）
**The above information is for reference only, and subject to the latest announcement of HKMA & HKMC.

The Upper South Vendor Payment Terms：

Payment Plan	Payment Details	Discount
(A)Cash or Immediate Mortgage Payment Method – 150 days Completion	A preliminary deposit：5% Within 60 days after signing of the preliminary agreement：2% Within 120 days after signing of the preliminary agreement：3% Within 150days after signing of the preliminary agreement：90%	6%
(B) Privilege Mortgage Payment Method – 150 days Completion	A preliminary deposit：5% Within 60 days after signing of the preliminary agreement：2% Within 120 days after signing of the preliminary agreement：3% Within 150days after signing of the preliminary agreement：90%	5%
(C) Stage Payment Method	A preliminary deposit：5% Within 60 days after signing of the preliminary agreement：2% Within 120 days after signing of the preliminary agreement：3% Within 14 days after the date of the notification to the Purchaser：90%	1%
(D) Stage Payment Privilege Mortgage Method	A preliminary deposit：5% Within 60 days after signing of the preliminary agreement：2% Within 120 days after signing of the preliminary agreement：3% Within 14 days after the date of the notification to the Purchaser：90%	—

 The Upper South First Mortgage Loan offered by the Vendor^: {FOR Payment Plan(B)and(D)}

Payment Plan	First Three years：P – 2% Forth and Fifth year：P – 1% Thereafter：P + 1% *P (currently P=5%)
Loan Amount	not exceed 85% of the purchase price
Loan Tenor	▲ maximum 30 years

The Upper South Second Mortgage Loan#:{FOR Payment Plan(B)and(D)}

Rate	First Three years：P – 2% Forth and Fifth year：P – 1% Thereafter：P + 1% *P (currently P=5%)
Loan Amount	maximum 30% of the net purchase price ( first mortgage+ Second Mortgage not exceed 90% of the net purchase price)
Loan Tenor	▲ maximum 30 years

** The above information is for reference only, for further information please refer to the sales brochure for the Development。

# For completed residential properties with property value below HK$9 million, the maximum loan amount shall either be (a) calculated at the maximum LTV ratio of 80% and up to 90% or (b) capped at HK$7.2 million, whichever is lower. If the property value is at or above HK$9 million (up to the cap of HK$10 million), the maximum loan amount shall be calculated at the maximum LTV ratio of 80%. If the property value is at or above HK$10 million, the maximum loan amount shall be calculated at the maximum LTV ratio of 50%

##  For properties with property value is at or above HK$4.5 million (up to the cap of HK$6 million), the maximum loan amount shall be calculated at the maximum LTV ratio of 80%. If the property value is at or below HK$10 million, the maximum loan amount shall be calculated at the maximum LTV ratio of 60%, the property value is above HK$10 million, the maximum loan amount shall be calculated at the maximum LTV ratio of 50%.

You can refer to the “Maximum LTV Ratio” of the HKMCI website for details. http://www.hkmc.com.hk/eng/our_business/mortgage_insurance_programme.html

For more information, please visit Ricacorp website

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Ricacorp Mortgage Agency provide one-stop mortgage referral services including free referrals, personalised advice on mortgage choices and end-to-end mortgage application service.

Contact us by phone or whatsapp anytime
Service Hotline: 2836 6121 / 2836 6183
WHATSAPP: 9608 3114
Email: mortgage@ricacorp.com

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