Foreign banks clarify new mortgage rules

Real Estate

Wednesday, August 20, 2008 21:57:27

	Foreign banks clarify new mortgage rules By STAFF WRITER Published: October 23, 2007 12:00 PM Three foreign banks in Shanghai clarified their mortgage rules Monday following confusion around new regulations on down-payments and interest rates for second home buyers, China Business News reported. Citibank, Bank of East Asia and Standard Chartered Bank said that each mortgagee would be treated as an individual, implying husbands and ... You are currently reading 51 words of 156 total words in this article. To continue reading this article, you must be a subscriber. Log in now. Buy this article now for $10 USD. Not a subscriber? Start your 7-day free trial now. bookmark \| digg \| Permalink \| Tell a Friend Tags for this article: Shanghai , Central Bank , mortgage , business , china , interest rate , HSBC	More Articles in Real Estate > Today’s Daily Briefs E-Mail Sign up for a roundup of the day’s top stories, sent every day. RELATED ARTICLES > Lujiazui Finance net profit surges on leasing revenue Shanghai property investment up 7.6% through July Shanghai housing prices up 13% 1st week of June Financing rules eased for affordable housing developers Xinjiang Urban Construction net profit up 783% in 1H HK investment in mainland property down 29% in 1H Travel agency makes foray into property market

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