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Rissa · Jan 06, 2006

I'd really like to get my own place here but with unbelievable rental prices just for studio apartments, buying a place and paying a mortgage seems cheaper.

What do people generally think about buying property here and does anyone know of anywhere that offers 100% mortgages?

Any advice would be appreciated!!

dbxsoul · Jan 07, 2006

as far as i know, none of the local banks offer 100% morgages, most require a 30% deposit and the balance over 13- 15 years. i do seem to remember seeing a posting at one point saying that hsbc would finance 100%, but can't remember the details. prehaps someone has some first hand knowledge of this

arniegang · Jan 07, 2006

dbxsoul wrote:as far as i know, none of the local banks offer 100% morgages, most require a 30% deposit and the balance over 13- 15 years. i do seem to remember seeing a posting at one point saying that hsbc would finance 100%, but can't remember the details. prehaps someone has some first hand knowledge of this

you are quite correct Dxbsoul. Only nationals can have 100% mortgages. GCC Nationals can have 90%. The rest of us 70%.

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