According to the press conference of Jinan Municipal Party Committee and Municipal Government, at present, this model has been successfully piloted in many banks such as CCB, ICBC and Bank of Beijing, and will be fully implemented in the second-hand housing market in the city.
Stimulate market vitality
"In the past, the transaction cost of second-hand houses was too high and the cycle was too long. It took 6- 12 months at a time, of which foreclosure and loans accounted for half, which hindered the demand for' selling one and buying one', affected the transaction of new houses and impacted the virtuous circle of real estate. " Li, chief researcher of the Housing Policy Research Center of Guangdong Urban Planning Institute, said.
At present, hot cities not only have the demand of new citizens to rent and buy houses, but also have the demand of old citizens to change houses. Among them, second-hand housing transactions occupy an important position. Because of its small area, excellent location and wide distribution, second-hand houses are often easy to become the "boarding plate" for new citizens, and promote multi-suite transactions in the form of "chain orders", thus achieving the special effects of abundant supply, active transactions and prosperous market.
After the second-hand house "mortgage transfer" is implemented, the transaction can be completed and new loans can be issued without reverting to the mortgage first. At the same time, it can complete the settlement of the original loan and the transaction transfer of real estate.
"Transfer with mortgage" will effectively alleviate the trouble of "bridge funds", lower the "entry threshold" of houses, increase the selectivity of buyers and sellers, reduce the circulation cost of second-hand houses in the market, clear the trading obstacles and further enrich the vitality of the second-hand housing market.
It is worth noting that on August 15, Jinan just introduced measures to reduce the down payment ratio of second homes to 40%, and a number of favorable policies are committed to jointly promoting and stimulating market vitality.
In fact, as early as August 2 this year, Kunming, Yunnan, landed the first second-hand housing "mortgage transfer" merger registration business. The reform in Kunming was carried out in China Construction Bank, and will be gradually extended to other financial institutions when the business is mature, so as to finally realize the seamless connection of multi-bank loan approval, mortgage registration and loan issuance.
"Innovation stimulates the vitality of real estate transactions" is being promoted one after another in various places, and it is also the practice of "making full use of the policy toolbox to help the real estate market develop steadily and healthily" at the Politburo meeting at the end of July.
"Jinan's move is also closely following the market exploration support policy and will also play a leading role in the country. It is not excluded that other cities will start or explore new optimization policies in the future and accelerate market repair with multi-angle measures. " Guan Rongxue, an analyst at Zhuge Housing Data Research Center, said.
Financial institutions actively cooperate.
In the second-hand housing transaction under the traditional mode, no bank is willing to bear the risk that the seller will not repay in time after the "secured transfer" without ensuring the safety of funds. However, in the process of second-hand housing transaction, the seller's mortgage cancellation, second-hand housing transfer and buyer's mortgage registration are all indispensable, and the order is clear. If buyers and sellers want to transfer ownership, they must first cancel the mortgage of the original loan bank, which is almost a lifeline for banks to protect their own safety, but it is also a stumbling block for the circulation of second-hand houses in the market.
According to the press conference, in order to change this situation, Jinan Real Estate Registration Center took the initiative to build a platform, streamline the application materials, shorten the processing time limit, and merge the mortgage establishment registration, transfer registration and mortgage cancellation registration on the same property according to the application; Connect with financial institutions and fund depository institutions in a timely manner, build a business platform, and feed back information in a timely manner to ensure that information can be accurately obtained in the process of transfer and mortgage. Even if the transfer cannot be made, relevant businesses can be stopped simultaneously and returned at the same time to ensure transaction safety.
In order to ensure the financial security of second-hand housing transactions, Jinan introduced the process of "transfer with mortgage" and introduced the link of notarization "deposit account". That is, before the transaction is completed, all funds are supervised by the account to ensure the safety of funds. Once the transaction is risky or unexpected happens to both parties, the funds will be returned in the original way to avoid fund disputes.
Guan Rongxue said that the practice of "saving accounts" protected the interests of the transaction subjects to a certain extent and also reduced the risk of second-hand housing transactions.
It is understood that many banks located in Jinan, such as ICBC, CCB and Bank of Beijing, provide support for the transfer of mortgaged properties in various ways, and have successfully handled dozens of businesses, including provident fund loans, interbank loans and other types.