Taking Shanghai as an example, the Resolution on Practicing the Spirit of Shanghai Real Estate Regulation and Promoting the Orderly Operation of the Real Estate Financial Market requires commercial banks to control the source of primary repayment, and it is strictly forbidden to evade the regulation policy by means of adult children, (both) parents, ex-husbands, ex-wives or other third parties with repayment responsibilities, and relay loans are stopped.

Manager Huang of a joint-stock bank in Hangzhou said that the loan period can reach 70 years old, but there are few similar businesses, and such businesses are basically not done, because the risk control requirements are strict and few customers meet the requirements.

It is understood that the longest term of mortgage loan is 30 years, and the repayment can reach 70 years old. It is not that a 70-year-old man can still apply for a mortgage loan, but that a 40-year-old borrower can apply for a repayment period of up to 30 years.

As for the repayment of loans by parents and children, many bankers told reporters that this is called relay loan in the industry and is not new. Domestic commercial banks have been launched for more than ten years. Mainly for the sake of reducing their own risks, the bank changed the original project that only one person or both husband and wife could repay the loan into a project that all families could repay the loan.

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Mr. Zhou of a sales company in Hangzhou said that due to the current purchase restriction, children can buy a house in the name of their parents without the qualification to buy a house, and then use relay loans to solve the problem that their parents can't mortgage. Not many people are directly affected by this policy, but it is easy to be used by investment speculative demand to avoid restrictions on purchases and loans. If the elderly are the main borrowers, children will bear the same repayment responsibility, which will easily lead to policy loopholes.

The chief analyst of Zhongyuan Real Estate said that from 20 17 to 20 18, the real estate regulation and strict loan restrictions in many cities significantly suppressed the demand for multi-suite investment in the property market. However, the relay loan will encourage children to use the loan qualification of the elderly to enjoy the first home treatment or still be able to borrow, thus in fact bypassing the loan restriction policy.

In this regard, some experts suggest that banks should implement the same access requirements for both borrowers and borrowers, that is, parents and children must be qualified to buy houses before they can use relay loan products to avoid some speculation.

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