Three major banks cut mortgage discounts and offer zero rebate for remortgage

Recently, three major retail banks in Hong Kong have successively reduced cash rebates for remortgage customers to zero. This move attracted market attention and discussion. After the SAR government withdrew the "dirty measures" in the property market, although transaction volume has rebounded, major banks have gradually reduced mortgage loan cash rebates. Market sources indicate that this may have some impact on the real estate market.

Some analysts pointed out that the large banks' move to reduce mortgage discounts may be in response to the current economic situation and market changes. As the SAR government introduces a series of measures to stabilize the real estate market, banks also need to adjust corresponding policies to deal with risks. This also reflects the bank's cautious attitude towards market trends.

Separately, some experts believe that cuts in mortgage cash rebates from major banks could have an impact on some buyers. Especially for some first-time homebuyers, this may increase their burden. Therefore, it is recommended that buyers carefully compare the preferential policies of various banks when choosing a mortgage loan to ensure that they can obtain the maximum benefits.

In general, the move by major banks to reduce mortgage discounts has attracted market attention and reminded buyers to be more cautious when choosing mortgage loans. Under the current economic situation, buyers should treat the real estate market more rationally and choose a mortgage plan that suits them to ensure that their interests are not lost.

Finally, we also call on relevant departments and regulatory agencies to pay close attention to the behavior of large banks to ensure that their policies are in compliance with regulations and will not adversely affect the market and buyers. Only through reasonable supervision and management can the stability of the market and the rights and interests of buyers be guaranteed.