In late September, Lao Wang booked a property in Yangpu District, Shanghai. According to the general loan approval process, he can get the loan long ago and go through the formal property filing procedures. However, the Notice on Strengthening Commercial Real Estate Credit issued by the Central Bank and the China Banking Regulatory Commission on September 27th (hereinafter referred to as the Notice) puts forward new regulatory requirements for commercial banks to issue second-home loans. The property purchased by Lao Wang this time belongs to the "second property" purchased in his own name. "The property we live in now was purchased in 2000, and the loan has already been paid off. Because the apartment is too small, I always hope to buy another new house to improve housing demand. " However, with the implementation of the real estate control policy, is the property that Lao Wang intends to buy this time included in the "second suite" by the bank? More than 20 days have passed and the loan has not been approved.
"I heard that the new policy is mainly to adjust the down payment ratio and loan interest rate." Recently, the new policy of bank mortgage is a hot topic that Lao Wang is most concerned about. Lao Wang said that it is affordable for him to raise the down payment for buying a house. "Now that the house price is high, my wife and I can't get the highest loan of 70% of the house price according to age and income. We are ready for this. " However, the increase in the loan interest rate of the "second suite" made him feel unbearable. From 8.5 fold of the benchmark loan interest rate to 1. 1 times, the increased interest expense was not a small amount.
The definition of "second suite" is basically clear.
According to the analysis of insiders, because the Notice clearly stipulates the loan ratio and loan interest rate of borrowers who purchase the first set of self-occupied housing: borrowers who purchase the first set of self-occupied housing with a construction area of less than 90 square meters will be subject to a minimum down payment ratio of 20%; For borrowers who purchase the first set of self-occupied housing with an area of 90 square meters or more, the minimum down payment ratio of 30% will continue to be implemented. The loan interest rate of the first self-occupied housing is calculated at 15% off the benchmark loan interest rate for the same period, and this policy has not changed. Therefore, for first-time home buyers, there is almost no influence from regulatory policies.
And "second suite" buyers who are difficult to define like Lao Wang are included in the "pending seats". As the key link of the new mortgage policy, how to define the "second suite" involves the vital interests of many home buyers with improved demand. It is reported that the definition standard of "second suite" has reached a * * * understanding, and the tone has been determined:
First of all, for buyers who have settled bank loans, if they refinance, they can still enjoy the first set of self-occupied housing treatment, and the interest rate can be lowered as appropriate. This means that if the property buyer has purchased the property before and has paid off all the loans, he can still be regarded as the first suite when buying a house again, and the down payment ratio and loan interest rate can get certain concessions. The determination of this standard is obviously beneficial to buyers who need to improve their housing conditions.
Secondly, the provident fund loan is not included in the reference project to determine whether it is a "second suite". That is to say, if the purchaser has used provident fund loans in other houses, and has not applied for commercial housing loans or the loans have been settled, when purchasing new houses with loans, it can still be implemented according to the relevant policies of the first suite. According to industry insiders, the main purpose of the Notice jointly issued by the central bank and the China Banking Regulatory Commission is to control the loan risk of commercial banks, and provident fund loans do not belong to this category. At the same time, the amount of provident fund loans is not high, and relevant policies also stipulate that lenders can only apply for a second housing provident fund loan after the first housing provident fund loan is paid off, so the market risk of provident fund loans is relatively lower than that of commercial loans.
In addition, it is determined in the tone that "second suite" should be identified as "household". If one of the husband and wife still has an outstanding mortgage, the second suite is identified as the "second suite".
The rules of the bank are different.
As of press time, Huaxia Bank and China Everbright Bank in Shanghai have published specific loan details. However, there are still some differences when comparing the detailed rules of the two banks.
For example, when the two banks identify the "second suite", they all take the individual as the unit, not the "household" as the unit, which means that both husband and wife can borrow money to buy a house separately. However, Everbright and Huaxia have different definitions of "first suite". It is reported that Everbright stipulates that the first set of self-occupied housing refers to the borrower's first purchase of housing for self-occupation. Even if the previous mortgage has been paid off, then the loan to buy a house is still regarded as a second suite. However, Huaxia Bank's approach is to judge whether it is a "second suite" or not, depending on whether the borrower has outstanding housing loan balance in the bank. If you buy a house after the loan is settled, you can also enjoy the treatment of "the first set of self-occupied housing". However, Huaxia Bank believes that provident fund loans are regarded as loans. As long as the provident fund loan is not settled, we should implement the new mortgage policy of "the down payment is not less than 40% and the interest rate is not less than 1. 1 times the benchmark interest rate of the same grade loan in the same period".
In the formulation of loan interest rates, the interest rate standards of the two banks are also different. In addition to the preferential loan interest rate of 15% off the benchmark interest rate for the first suite, Everbright tentatively decided on the fixed-rate mortgage business for the second suite, and at the same time raised the down payment to 40%, and the loan interest rate was 1. 1 times of the benchmark interest rate for the same period; For the third suite, the down payment ratio is not less than 42% of the purchase price, and the loan interest rate is 1. 15 times of the benchmark interest rate; The interest rate of the fourth (inclusive) housing loan is 1.2 times of the benchmark interest rate. Huaxia Bank has set a slightly lower loan interest rate for several properties. From the third mortgage purchase (the second suite is being repaid), the down payment ratio of the loan will be increased by at least 5% on the basis of the previous mortgage down payment ratio, and the interest rate will be raised accordingly. The minimum interest rate is at least 2% higher than the previous mortgage, that is, the interest rate of the second suite is 1. 1 times the benchmark interest rate.
It is not difficult to see that the detailed rules that have been issued do not fully meet the definition standard of "second suite". In this regard, bank insiders revealed that the difference in the implementation rules is mainly due to the actual execution ability of commercial banks. For example, on the issue of "household" or "individual", the existing database mainly comes from the relevant data of the central bank's credit information system, and it is easier for banks to query personal information. Moreover, taking "households" as a unit, it is difficult to distinguish between parents and children buying houses, thus affecting the demand for home ownership. In addition, different banks have different requirements for risk control ability and credit line, which will also lead to different implementation rules. At the same time, the staff of two banks have told reporters that the possibility of further adjustment is not ruled out.
bank
Identification unit of "second suite"
I applied for a mortgage and bought a house after I paid it off.
Down payment ratio of "second suite"
loan rate
Beijing
Industrial and Commercial Bank of China
individual
the first group
40%
Loan benchmark interest rate 1. 1 times.
China Merchants Bank
individual
Second suite
40%
Loan benchmark interest rate 1. 1 times.
China construction bank
family
the first group
50%
Loan benchmark interest rate 1. 1 times.
Guangzhou City
China Merchants Bank
individual
the first group
40 %
The down payment for the third house will be raised to 50%, and the interest rate will be raised to 1. 15 times of the benchmark interest rate. For each additional mortgage house, the down payment will increase by 10%, and the interest rate will increase by 0.05 times of the benchmark interest rate. Lenders can only mortgage two houses at a time, and the third one will not be accepted.
Shanghai Pudong Development Bank
individual
The first set (the provident fund loan has also been paid off)
40%
The down payment for the third house was raised to 50%. For each additional house mortgaged, the down payment will increase by 10%, and the interest rate will increase accordingly.
Huaxia Bank
individual
The first set (the provident fund loan has also been paid off)
40%
From the third mortgage (the second suite is being repaid), for each additional mortgage, the down payment ratio of the loan will rise by at least 5% on the basis of the down payment ratio of the previous mortgage, and the interest rate will rise accordingly. The minimum interest rate will rise by at least 2% on the basis of the previous mortgage.
Everbright Bank
individual
Second suite
40%
Shanghai
Huaxia Bank
individual
The first set (the provident fund loan has also been paid off)
40%
From the third mortgage (the second suite is being repaid), for each additional mortgage, the down payment ratio of the loan will rise by at least 5% on the basis of the down payment ratio of the previous mortgage, and the interest rate will rise accordingly. The minimum interest rate will rise by at least 2% on the basis of the previous mortgage.
Everbright Bank
individual
Second suite
40%
Non-first suites are not allowed to apply for fixed-rate mortgages; The down payment ratio of the third suite is not less than 42% of the purchase price, and the loan interest rate is 1. 15 times of the benchmark interest rate; The interest rate of the fourth (inclusive) housing loan is 1.2 times of the benchmark interest rate.
Related links
The cost of buying a second home has risen sharply, and the down payment ratio has increased from 30% to 40%. ?
The loan interest rate increased from 85% of the original benchmark loan interest rate (6.656%) to 1. 1 times of the benchmark loan interest rate (8.6 13%), and the loan interest rate rose by about 30%. Also apply for a 30-year commercial housing loan with an amount of 500,000 yuan, and the monthly repayment amount will be increased from 32 1 1 yuan to 3,885 yuan.