Refinancing a TPS flat means raising an additional loan either within the alienation restriction period or after the said period but the premium has not been paid. Where there is no existing mortgage, creation of a fresh mortgage of a TPS flat will also amount to refinancing.

Refinancing will only be allowed in cases of financial hardship in which an immediate sum of money is needed to meet personal or family expenses arising out of unforeseen circumstances such as:

TPS flat owners should complete and return the application form, documentary proof supporting the application and the outstanding first mortgage loan of the flat (if any) together with the administrative fee to the relevant District Tenancy Management Office. Flat owners who encounter difficulties in completing the application form can approach the relevant District Tenancy Management Office for assistance.