In the past few days, "the age limit of mortgage can be extended to 80 years old" continues to ferment. Today, heavy news came from the property market: the maximum mortgage in Beijing is 95 years. ...
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Previously, Nanning, Guangxi began to implement the "mortgage age limit can be extended to 80 years old".
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According to the local authoritative media in Nanning, the news is true and many banks have confirmed its implementation. It is understood that the policy of "lender's age plus loan term" can be relaxed to no more than 80 years, but the provision of "lender's age is no more than 70 years old" has not changed, and the relevant business premise is that the bank verifies that the lender's income can meet the loan requirements.
According to some bankers, the policy has not extended the loan term, and the longest loan term is still 30 years. It is only possible to postpone the loan age limit to 80, which means that you can get a full housing loan with a mortgage for 30 years at the latest at 50.
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For this policy, online comments are mostly ironic criticism. I cut out some comments from netizens for everyone to see:
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According to Shell Finance, after interviews with many banks in Beijing, the provisions of the loan period are different, and most banks said that they have not received the notice of adjustment. At present, most banks in Beijing implement the policy of "purchase age+loan period" not exceeding 70 years old. However, 70 years old is not the "red line" of all banks, and some banks have relaxed their age according to the applicant's conditions.
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A branch of the Bank of Communications said that the current maximum mortgage age can reach 95, but it needs children's guarantee, and the borrower's pension and guarantor's monthly income can cover twice the monthly payment.
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