Loan To Value Ratio
Property Value Maximum LTV Ratio
Above HK$ 10 million 50%

Revisions to Mortgage Insurance Programme ("MIP")

From 16 October 2019, revisions were made to the eligibility criteria for the MIP.
After revisions, the maximum LTV ratio was as follows:

Completed Residential Properties

Property Value Maximum LTV Ratio
At to below HK$8 million 80% or 90%*
Above HK$8 million and below HK$9 million 80% - 90%*, subject to a cap of HK$7.2 million
(whichever is lower)
At or above HK$9 million and up to HK$10 million 80% or capped at HK$8 million
(whichever is lower)

Properties Under Construction

Property Value Maximum LTV Ratio
At to below HK$4 million 80% or 90%*
Above HK$4 million and below HK$4.5 million 80% - 90%*, subject to a cap of HK$3.6 million
(whichever is lower)
At or above HK$4.5 million and up to HK$6 million 80% or capped at HK$4.8 million
(whichever is lower)
Notes :The Debt-to-income (DTI) ratio should not exceed 50%
* Only applicable to regular salaried first time homebuyers (not holding any residential properties at the time of application)