Is it true that the second hand stops lending?
Some banks have temporarily stopped lending for second-hand houses, and some banks' second-hand house loans have indeed become more difficult, with stricter approvals. The interest rate is higher than before, there is a certain increase, and even some banks do not do the second-hand business. The major banks lending quota are tighter, after the approval, but also need to wait for the quota, lending time is uncertain.
Banks stop second-hand home loans? The latest response!
01, some banks suspended the second-hand home loan business
Nanjing, Zhengzhou, Chongqing, Wuhan, Hangzhou, Hefei and other cities appeared in the phenomenon of tightening of the bank's mortgage business:
The reporter of the New Beijing News in the name of the need to apply for a loan for second-hand housing, respectively, called the Bank of China, Industrial and Commercial Bank of China, Agricultural Bank of China, Construction Bank, and then did get the "second-hand home loan business is suspended, not for the time being," the answer.
Based on what we know so far:
Part of the bank suspended the second-hand home loan business
Part of the bank set strict conditions for the loan, for example, only accepting the second-hand home in the center of the city and the age of the building is not more than 20 years
This means that school houses in most core urban areas are also included in the credit restrictions.
Guangzhou: mortgage again concentrated on price increases, second-hand houses temporarily suspended;
Hangzhou: a number of banks to stop second-hand housing loans;
Hefei: six bank branches to stop second-hand housing loans;
Wuhan: most banks to stop the second-hand housing loan business; a few banks in the pipeline, but have queued up until next year.
02, mortgage rates generally rise
Meanwhile, mortgage rates have generally risen recently. in June, the Shell Research Institute monitored the 72 cities mainstream first mortgage rate of 5.52%, the second set of interest rates of 5.77%, compared with the beginning of the year rose significantly.
Hot second-tier cities, Nanjing, Zhengzhou, Chongqing, Wuhan, Hangzhou, Hefei and other cities appeared in the phenomenon of bank mortgage business tightening: some banks suspended the second-hand home loan business, and even some banks suspended acceptance of new home mortgage business.
Yan Yuejin, research director of the E-House Research Institute Think Tank Center, said in an interview with reporters that there is a relationship between the actual suspension of the loan business and the amount of loans and so on. Around the implementation of the real estate loan concentration management system at the same time, naturally need to strictly control the loan. As for loans, generally stop second-hand housing loans first, and then tightly regulate the first-hand housing.
Loan suspension or review cycle extended by at least three months
Media reports, recently, in the hot second-tier cities, Wuhan has also tightened the personal housing credit business, which part of the bank's new housing, second-hand housing provident fund business are temporarily not accepted, and there are also part of the bank has been suspended from accepting second-hand housing business.
The tightening of mortgage loans in Wuhan is a microcosm of the national real estate credit policy changes. The Securities Daily reporter learned that a number of cities, second-hand housing loans appear tight quota phenomenon, lending cycle extended to three or four months, and even some banks have stopped for new homes, second-hand housing loan business.
Why did the bank stop the second-hand housing loans?
A number of banking industry insiders said in an interview with reporters, the bank suspended the mortgage business is mainly related to the tightening of the loan quota and so on.
The personal loan manager of some banks in several hotspot cities in Guangdong told reporters, "At present, we don't take over the second-hand home loan business, and many state-owned bank outlets don't have the quota for second-hand home loans." A joint-stock bank personal loan manager in Wuxi City told the Securities Daily reporter: "The current lending cycle for second-hand houses is at least three months."
In the interview, the reporter found that not only the second-hand home mortgage tightened, the new home mortgage is also similarly tightened. "Due to the tight quota, new homes, second-hand home mortgage business have been suspended, second-hand home loan processing business has been scheduled to 2022." The personal loan manager of a major state-owned bank in Nanjing told reporters.
Meanwhile, home buyers in several cities also told reporters that it is difficult and slow to approve loans when applying for mortgages from banks.
The current mortgage tightening cities are none of the hotspots of this year's property market local heating too fast, market turnover or prices have risen. For example, Guangzhou, Wuhan, Chongqing, Hangzhou, Nanjing, Hefei, Huizhou and so on.
The second half of this year, the bank mortgage quota tight situation will ease? Pan and Lin believes that the second half of the housing loan quota will continue to be tight, housing credit will be further tightened until the real estate price direction began to tend to parallel or downward. At this stage of the cycle of the general background of the upward trend, the policy of real estate cooling the overall approach will not change, banks and other financial institutions need to further adjust the credit structure.
What does it mean for the state to stop second home loans?
The move could reduce the speed of housing circulation and cool the market.
This year about home loans, both qualification and approval will be more strict. Behind these things, we see that the policy is a little bit of fulfillment, the regulation is being broken down from all lines to strip out the real rigid demand. After reviewing loan qualifications and lengthening the lending process, the volume of second-hand home transactions is bound to fall. So the heat of the market soon came down, and the price of the house is also more stable. And for the fresh demand, a stable market, is more favorable.
The above is about the bank to stop the second-hand home loan is true, the bank why stop the second-hand home loan introduction. The second-hand home loan qualification becomes strict + lending time becomes longer + part of the stop lending policy, will be a serious blow to the speculation group second-hand home trading market, want to buy school district housing friends to be careful ah. Now for the school district housing also has a relevant policy, here attention to continue to understand.