Read mortgage rebate timing and return conditions
Review rebate amount, timing and return conditions alongside fees, separating it from cash available at completion.
Read beyond the rebate amount
Check the calculation, conditions and payment timing in the written offer. A later or conditional rebate is not automatically a funding source for completion.
List administration and other charges alongside early-repayment and rebate-return terms. If sale or refinancing at a particular time is possible, ask the bank for the applicable costs at that time.
Record rebate timing and conditions
Distinguish receipt, retention and return.
| Item | Record | Follow-up |
|---|---|---|
| Amount | Calculation and conditions | Check the offer version |
| Payment | Timing and prerequisites | Do not treat it as received |
| Return | Trigger and period | Check the holding plan |
| Other fees | Administration and exit costs | Calculate separately |
Illustration: rebate and fees
A hypothetical HK$20,000 rebate less HK$3,000 in confirmed fees gives HK$17,000 between those entries. Later payment or return conditions mean it is not necessarily HK$17,000 available before completion.
Match rebates to the cash timeline
- Terms and versions are retained
- Payment timing is checked
- Exit charges and rebate returns are separate