What does it mean to have a loan record in Shanghai’s 2022 house purchase policy changes

It means that you have used a loan to buy a house before.

The 2022 changes in Shanghai’s house purchase policy have a loan record, which means that you have used a loan to buy a house before, and it is considered a second property.

Shanghai’s house purchase policy: Shanghai-citizen married families are limited to purchasing two houses, and Shanghai-citizen single adults who do not own a house in the city are limited to one house.

Are farmers' housing purchase and construction loans a record of purchase restrictions?

No, if self-built houses and farmers' houses cannot be traded in the market, commercial loans cannot be made. Therefore, it is not included in the purchase restriction policy. The purchase restriction only applies to commercial housing that is allowed to circulate in the market.

What are the policies on purchase and loan restrictions in Suzhou?

Before we buy a house, we definitely need to understand the local policies. This will be of great help to us in buying a house. I believe that many friends are concerned about the purchase and loan restrictions in Suzhou. Don't know much about the policy. So, the editor below will share with you what policies Suzhou has to restrict purchases and loans, and what impact the purchase restrictions have on housing prices.

1. What are the purchase and loan restriction policies in Suzhou?

Suzhou’s purchase and loan restriction policies are as follows:

1. If a household that is not registered in this city buys its first home, 2 Proof of payment of personal income tax paid in Suzhou City for more than 1 year during the year.

2. Suspension of sales of newly built commercial houses and second-hand houses for households registered in this city that own three or more houses.

3. Families that own a house but have no record of a house purchase loan or have already paid off the loan can apply for a commercial loan and adjust the down payment ratio from 30% to 50%.

2. What impact does the purchase restriction order have on housing prices?

1. Short-term impact

In a short period of time, housing prices will fall after the purchase restriction order is issued, including new homes and residential properties. The transaction price of second-hand houses has dropped, but because of housing demand, houses are necessities. After the purchasing power and speculation of buying houses to meet living needs are restricted, this purchasing power will flow to other areas, or to the housing rental market.

2. Mid-term impact

The purchase restriction order will not have a great impact on housing prices in the medium term. In the medium term, housing prices will be relatively high and transaction volume will be balanced. Of course, the analysis here does not mention the government's prevention of real estate changes in housing supply. This issue is more complex and is affected by factors such as possible collusion between the government and developers.

3. Long-term impact

The demand for housing long skirts is different from that in the short and medium term. The economy can still sustain high growth for many years. The advancement of urbanization and the formation of the public Reasons such as the expectation that house prices will rise in the long term have caused house prices to rise over a long period of time.

Article summary: The above is what the editor has shared with you about Suzhou's purchase and loan restriction policies, and what impact the purchase restriction order has on housing prices. I hope it can be helpful to everyone. If you want to know more about the city’s home buying policies, please continue to follow us and we will keep updating in the future.

Are the purchase restrictions for overseas accounts based on loan records?

No.

The purchase restriction for foreign residents has nothing to do with the loan record. If you sell the only residence in your name before buying it, you can buy a house if you can submit the social security or personal tax certificate in Wuhan. If you just pay off the loan, If there is no house for sale and you have a residence under your name with a foreign registered permanent residence, you cannot buy it again.

"Guarantee Law of the People's Republic of China and the People's Republic of China" When making loans, in order to ensure the smooth progress of lending activities and the effective realization of the legitimate rights and interests of the lending subject, it is recommended that it is best to establish a guarantee in accordance with this law according to actual needs. . The author believes that it is wise to set up a real estate mortgage guarantee. The "Measures for the Administration of Urban Real Estate Mortgages" often establish urban real estate mortgage guarantee methods in lending. Therefore, as a professional regulation for urban real estate mortgages, it is recommended that borrowers set up urban real estate mortgages in accordance with this law to maximize protection. Realization of the lender’s claims. "Notarization Law of the People's Republic of China" In order to make loan contracts more effective, notarization is often required. The notarized loan contracts have clear facts, conclusive evidence, and are easy to change. A lot of things can be avoided.

That’s it for the introduction of purchase restriction loan records.