The three major banks launch mortgage discounts, offering "zero" rebates for remortgaging

Recently, three major retail banks in Hong Kong have announced that they will reduce cash rebates for remortgage customers to zero. This move has attracted widespread attention in the market and triggered discussions about mortgage discounts.

Hong Kong's mortgage market has always been highly competitive. In order to attract more customers, some banks offer cash rebates to attract customers. However, as market conditions changed, some banks began to adjust their strategies and cut cash rebates to zero.

This move has caused dissatisfaction among many customers, who believe that banks should continue to provide cash rebates to reward their loyalty. However, some people believe that banks have the right to adjust preferential policies according to market conditions, which is a reasonable business decision.

Regarding this change, market experts said that banks’ preferential policies are adjusted according to market demand and competitive environment, and customers should understand this. They suggest that customers should comprehensively consider interest rates, repayment terms and other factors when choosing mortgage products, not just rebate offers.

In general, the adjustment of banks' preferential remortgage policies is a reflection of changes in the market environment. Customers should view this change rationally and make appropriate choices based on their actual circumstances.