The Housing Authority announced today that, in order to alleviate mortgage repayment burdens on owners affected by the fire at Wang Fuk Court in Tai Po, it has immediately relaxed provisions regarding mortgage repayment periods and repayment amounts under the Deed of Guarantee.

The relaxations allow banks and financial institutions providing mortgage loans for subsidised sale flats to offer special mortgage arrangements to the holders of mortgages on subsidised sale flats with unpaid premiums at Wang Fuk Court. This includes deferred repayment of mortgage instalments or of the mortgage principal.

The authority has notified participating financial institutions of the arrangements, and will issue letters of confirmation to them.