The Notice of the Ministry of Housing and Urban-Rural Development on Further Strengthening the Construction of the Real Estate Market and Improving the Pre-sale System of Commercial Housing, as well as the frequent tax signals released by various places, the pattern of credit and taxation in first-tier cities has gradually become clear. So what are the restrictions on buying a third suite nationwide? What are the relevant regulations for buying a third suite in the country? The Notice of the Ministry of Housing and Urban-Rural Development on Further Strengthening the Construction of the Real Estate Market and Improving the Pre-sale System of Commercial Housing, as well as the frequent tax signals released by various places, the pattern of credit and taxation in first-tier cities has gradually become clear. So what are the restrictions on buying a third suite nationwide? What are the relevant regulations for buying a third suite in the country?

What are the restrictions on buying a third suite?

According to the new newspaper, most commercial banks in Shanghai and Chongqing have suspended the third home loan business. Among them, Shanghai Pudong Development Bank, Bank of China and Bank of Communications clearly stated that they would suspend the acceptance of three home loans. And Beijing Zhongyuan real estate executives revealed that Beijing currently suspends the third home loan, including some foreign banks such as Bank of Communications and Citibank.

Developers such as Ryan and China Merchants Property are generally pessimistic about the market prospects. The feedback from the bank is that the three-suite loan suspension policy has been strictly implemented. When this policy can be thawed is anyone's guess at present. There have been a large number of cancellations and check-outs, and some customers who have paid the deposit but have not clearly indicated that they have checked out have also chosen to wait and see for the time being.

Although most banks have suspended the third home loan, bankers in Shanghai and other places said that they are still waiting for the final local rules to be issued and form a unified operation mode.

What are the rules for buying a third suite?

1. Can't apply for a loan to buy a third house. At present, most banks do not accept the mortgage loan application for the third house.

2. It is not good to buy a third suite and apply for a loan. Although the policies of most regions do not support the loan application for the third home, a few regions have relaxed the purchase restriction policy, and some regions can now apply for the mortgage loan for the third home.

3. Applying for a loan for the third house requires a relatively high down payment. Generally speaking, most banks require applicants to prepare 70% to 80% down payment before applying.

4. The loan interest rate of the third suite will also be higher. In contrast, the loan interest and the repayment pressure of the borrower are relatively large.

Everyone has a certain understanding of the definition of Issey Miyake. To buy a third house with a loan, you can consult the local bank first. Banks in different regions handle the third home loan differently. Different regions have different housing purchase policies.

5. The original deed tax rate is divided according to the first set of housing and non-first set of housing, and the second and third sets of housing are non-first set of housing. In this new policy, the discount is limited to the second family house. Families who buy the third and fourth houses cannot enjoy the preferential deed tax of the New Deal.

Everyone has a certain understanding of the definition of Issey Miyake. To buy a third house with a loan, you can consult the local bank first. Banks in different regions handle the third home loan differently. Different regions have different housing purchase policies.