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Who is eligible for a reverse mortgage loan?

Reverse mortgage

The borrower must:

  • be the holder of valid Hong Kong Identity Card;
  • be aged 55 or above (or aged 60 or above for owners of subsidised sale flats with unpaid land premium); and
  • not be an undischarged bankrupt or otherwise subject to a bankruptcy petition or individual voluntary arrangement (except if the indebtedness under the relevant individual voluntary arrangement is to be repaid in full at closing by way of lump-sum payout.


The property used for the reverse mortgage:

  • must be a residential property in Hong Kong (property acquired by deed of gift may be considered);
  • must be owned by:

(i) the borrower as sole and beneficial owner or as joint tenants (if there is more than one borrower); or

(ii) a limited company, incorporated in Hong Kong, wholly and directly owned by the borrower (or if there is more than one borrower, all borrowers);

  • must not exceed 50 years of age (otherwise it will be considered on a case-by-case basis);
  • must not subject to any resale restrictions (except for the alienation restriction of subsidised sale flat imposed by the relevant authority provided written consent
  • from the relevant authority is obtained); and
  • must not be rented out.
    (The borrower may apply to rent out the mortgaged property if it has been owned for at least one year and all the borrowers have:

(i) declared that they have retired; or

(ii) moved out to obtain elderly or medical care

If the property is a subsidised sale flat with unpaidland premium, the borrower must obtain consent from the relevant authority, in addition to the above requirement of property ownership.)


Joint ownership

  • The maximum number of borrowers is three persons, which can be spouses, siblings or unrelated parties.
  • If one person owns a property jointly with another person, both owners must be parties to the reverse mortgage loan.
  • All borrowers must be able to satisfy the relevant eligibility criteria.