HIBOR plans

[scumbag]

I am trying to transfer my mortgage from one bank to another. I am currently on a Prime-based mortgage (about 2.1% net) but thinking about switching to HIBOR as I think rates will remain low for at least 1-2 years and I can save quite a bit of money on my monthly payments.

I contacted Standard Chartered Bank, Citibank and HSBC but their plans are invariably H + 1.5% (about 2.3% then roughly) which defeats the purpose.

Does anyone know if any bank out there still offers cheap HIBOR packages like H + 0.8% or H + 1% with a decent enough cap?

[curlyv]

Try Bank of China. I switched a couple of months ago and got H + 0.7. The rate has gone up since then and I'm afraid I have no idea to what, but it might still be lower than those you listed.

[Mat]

I am trying to transfer my mortgage from one bank to another. I am currently on a Prime-based mortgage (about 2.1% net) but thinking about switching to HIBOR as I think rates will remain low for at least 1-2 years and I can save quite a bit of money on my monthly payments.

I contacted Standard Chartered Bank, Citibank and HSBC but their plans are invariably H + 1.5% (about 2.3% then roughly) which defeats the purpose.

Does anyone know if any bank out there still offers cheap HIBOR packages like H + 0.8% or H + 1% with a decent enough cap?

u should have done this long time ago. now it will be a struggle

[pin]

All banks have put their Hibor plans up now, there was some press about it a few weeks ago.

I think the best you can get now is H +1. Suggest you contact Macky Fung at Mreferral, quite a few people here have used her.

[Oldtimer]

"I contacted Standard Chartered Bank, Citibank and HSBC but their plans are invariably H + 1.5% (about 2.3% then roughly) which defeats the purpose."
Currently 1 month Hibor is 0.19% so Hibor +1.5% will be 1.69% still cheaper than your current prime based

[ghkg]

try DBS...I switched two months ago ( H + 0.7)

[scumbag]

DBS rates have gone up. Oldtimer, thanks for the correction! Pin, thanks for that. Just contacted them

[=XTR=M=]

The latest rate for H plan at Bank of China is 1.1, Standard Chartered, HSBC, etc are higher. I didn't check about other.

[bdw]

The latest rate for H plan at Bank of China is 1.1, Standard Chartered, HSBC, etc are higher. I didn't check about other.

I thought BOC was now H + 1.5% to 1.7%. Thats what I read in the paper last week.

[=XTR=M=]

I thought BOC was now H + 1.5% to 1.7%. Thats what I read in the paper last week.

i don't know but i just got a mortgage approved by BOC (bout 2 weeks ago) and it was saying 1.1. it could be negotiated though