Wuhan provident fund down payment withdrawal means that buyers can use the funds in their personal provident fund accounts as down payment when buying a house. The policy aims to help buyers reduce the down payment pressure and promote the stable development of the real estate market.
First, Wuhan provident fund down payment conditions
1. Property buyers must be registered in Wuhan or employees who have continuously paid provident fund in Wuhan for a certain number of years.
2. The house purchased by property buyers must comply with the purchase restriction policy of Wuhan.
3. Property buyers must provide relevant supporting documents such as purchase contract and down payment voucher.
Second, the process of withdrawing the provident fund down payment
1. Buyers need to apply for withdrawal from their unit or provident fund management center.
2. Submit the purchase contract, down payment voucher and other related materials.
3 provident fund management center to review the application materials, verify the identity of the purchaser and purchase information.
4. After the approval, the provident fund management center will transfer the withdrawal amount to the bank account designated by the purchaser.
Third, matters needing attention
1. When withdrawing the provident fund down payment, buyers need to ensure that the balance of the provident fund account is sufficient, so as not to affect the application for provident fund loans in the future.
2. After withdrawing the down payment from the provident fund, the buyer still needs to pay the remaining house price in the way agreed in the house purchase contract.
3. Property buyers should understand and abide by the relevant regulations and policies of Wuhan Provident Fund Management Center when withdrawing the down payment of provident fund.
To sum up:
Wuhan provident fund down payment withdrawal is a preferential policy for buyers, aiming at reducing the down payment pressure of buyers. Property buyers can apply for withdrawal from the provident fund management center if they meet the requirements. After examination, the withdrawal amount will be transferred to the bank account designated by the property buyers. However, while enjoying this policy, buyers also need to pay attention to related matters to ensure compliance.
Legal basis:
Regulations of Wuhan Municipality on the Administration of Housing Provident Fund
Article 12 stipulates:
Employees who purchase, build, renovate or overhaul their own houses may apply for withdrawing the storage balance in the housing provident fund account. Workers shall provide true and complete certification materials when withdrawing housing provident fund, and apply to the management center for withdrawal in accordance with the procedures and time limit stipulated in these regulations.
"Wuhan housing provident fund extraction management measures"
Article 6 provides that:
Employees who purchase self-occupied housing can apply for withdrawing the balance of their own and their spouses' housing provident fund accounts to pay the down payment for house purchase and repay the principal and interest of housing loans. The specific withdrawal amount and frequency shall be implemented in accordance with the provisions of these Measures.