Feb 24, 2022
Press Release
Amendments to the Mortgage Insurance Programme
HKMC Insurance Limited (HKMCI), a wholly-owned subsidiary of The Hong Kong Mortgage Corporation Limited, announces today that the following amendments are made to the Mortgage Insurance Programme (MIP) for completed residential properties, in order to provide assistance to homebuyers with housing needs:
For mortgage loans up to 90% loan-to-value (LTV) ratio applicable to first-time homebuyers (Note 1), the maximum property value is amended to HK$10 million (Note 2);
The maximum property value eligible for mortgage loans up to 80% LTV ratio is amended to HK$12 million (Note 2);
To avoid a significant drop of the allowable LTV ratio for mortgage loans with property value slightly over HK$12 million, coverage of the MIP is extended to properties valued from above HK$12 million and up to HK$19.2 million, subject to a mortgage loan cap of HK$9.6 million. For example, properties with value of HK$16 million are eligible for mortgage loans with 60% LTV ratio under the extended MIP coverage; and
The maximum debt-to-income (DTI) ratio for both the above-mentioned and existing MIP loans is set at 50% (Note 3) , and borrowers have to meet the stressed DTI ratio. First-time homebuyers will still be eligible for MIP loans up to 80% or 90% LTV ratio even if they cannot meet the stressed DTI ratio, subject to an additional adjustment to the premium based on relevant risk factors.
Please refer to the Annex for the amendment details. The amendments take immediate effect from 23 February 2022 (Wednesday).
HKMC Insurance Limited 23 February 2022
Notes:
All mortgagors are not holding any residential properties in Hong Kong at the time of applying for mortgage insurance.
The maximum property values eligible for the MIP before its amendments made on 16 October 2019 (i.e. HK$6 million for mortgage loans up to 80% LTV ratio and HK$4 million for mortgage loans up to 90% LTV ratio) remain applicable for all residential properties, including properties under construction.
If an applicant is holding or guaranteeing one or more outstanding mortgages when he/she applies for the MIP, the maximum DTI ratio has to be lowered.
新聞稿
按揭保險計劃的修訂
香港按揭證券有限公司全資擁有的香港按證保險有限公司（按證保險公 司）今日宣布，按揭保險計劃（按保計劃）就已落成住宅物業作出以下 的修訂，協助需要置業自用的人士：
適用於首次置業人士備注 1 的 9 成按揭保險的合資格物業價格上限， 調整為 1,000 萬港元備注 2；
8 成按揭保險的合資格物業價格上限，調整為 1,200 萬港元備注 2；
為免可敍造按揭成數在樓價稍高於 1,200 萬港元時驟降，擴大按保 計劃適用範圍，為價格 1,200 萬港元以上至 1,920萬港元的合資格物 業提供按揭保險，惟有關按揭貸款以 960萬港元為上限。例如 1,600 萬港元的物業，在按保計劃擴大適用範圍下，可得到 6 成按揭保 險﹔及
上述和現有按揭保險產品的供款入息比率統一以 50%為上限備注 3， 並須符合銀行壓力測試。首次置業人士如未能符合壓力測試，仍可 申請敘造最高 8 成或 9 成按揭貸款，其保費會因應風險因素作額外 調整。
修訂的詳情可見附表。修訂於 2022 年 2 月 23 日（星期三）即時生效。
香港按證保險有限公司 2022 年 2 月 23 日
備注：
所有抵押人於申請時並未持有任何香港住宅物業。
計劃於 2019 年 10 月 16 日修訂前之合資格物業價格上限（即 8 成按揭 保險下的 600 萬港元及 9 成按揭保險下的 400 萬港元）仍適用於所有住宅 物業，包括未落成的住宅物業。
若申請人於申請按保計劃時已經擁有或提供按揭擔保予一個或以上未完 全償還按揭的物業，其供款入息比率上限須下調。