The purchase of a commercial property is considered to be a second suite, but in the absence of any housing in Shanghai, it is considered to be a first suite, and the determination of a second suite is based on the existence of other properties in the place of purchase.

According to Article 3 of the Notice on Standardizing the Criteria for Determining the Second Household in Commercial Individual Housing Loans, lenders should implement differentiated housing credit policies for borrowers with a second (and higher) house:

(a) The borrower applies for a loan to purchase a house for the first time, and if in the location where he intends to purchase a house, the housing registry information system (including the system of registering and filing of presale contracts, the same hereinafter), the family has already registered one (and higher) house. (a) The borrower applies for a loan to purchase housing for the first time, if his family is registered as having one (or more) housing units in the housing registration information system (including the system for registration and filing of pre-sale contracts) of the place where the housing is to be purchased, hereinafter the same.

(b) The borrower has already purchased one (or more) housing units with the loan and applies for a loan to purchase housing again.

Expanded Information:

Article 6 of the Measures for the Administration of Individual Housing Loans The borrower shall provide the lender with the following information:

I. Identity documents (referring to the resident's identity card, hukou, and other valid residence certificates);

II. Proofs of stable economic income of the borrower's family concerned;

III, Letter of intent, agreement or other approved documents of the contract for the purchase of housing in compliance with the regulations;

4. List of mortgages or pledges, certificate of ownership and certificate of consent of the person with the right to dispose of the mortgages or pledges; certificate of valuation of the mortgages issued by the authorized department; written document of the guarantor's consent to provide guarantee and certificate of the guarantor's creditworthiness;

5. If you apply for a loan from a housing accumulation fund, you need to hold a certificate issued by the management department of the housing accumulation fund. provident fund management department issued certificate;

VI. Other documents or information required by the lender

Baidu Encyclopedia - On the standardization of the criteria for determining the second set of housing in the commercial personal housing loans