It will affect housing prices to a certain extent, because mortgage directly affects the purchase cost of big buyers. Recently, the Shanghai Banking Regulatory Commission said that it only applies for residential houses with a ceiling and gives mortgages. In other words, customers who want to apply for a mortgage can only buy an existing house, not an auction house. In fact, this policy has dealt the biggest blow to real estate enterprises. We must know that few people buy a house in full now, which means that this is a disguised cancellation of the pre-sale system. Real estate can only be built first, and customers can apply for mortgage purchase. Although the auction can still be sold, it is unbearable to buy a house in full, whether it is just needed or real estate speculators. Some insiders explained that once this policy was introduced, it directly lengthened the progress of giving up the payment, and it was difficult to sell it faster.

Some real estate staff said that it is now required that all houses must be capped before loans can be issued, which undoubtedly raises the threshold for mortgage loans. Many properties that are going to be listed may have to stop selling, because few people in Shanghai are willing to buy faster in full. In fact, the government's accident is nothing more than asking housing enterprises to speed up industrialization and reduce the leverage ratio and debt scale of housing enterprises. For housing enterprises, the impact is still great, because the scale of pre-sale funds is still relatively large. Once the payment of pre-sale funds slows down, the financial burden of real estate enterprises may increase a lot.

The policy also specifically pointed out that strengthening support for the first suite is undoubtedly just needed. In the future, Shanghai's real estate market will definitely show a stable market, because the mortgage policy has been tightened. It not only affects real estate speculators, but also affects people who just need it to some extent.

References:

Personal housing loan is a kind of consumer loan [1]? , refers to the loan issued by the lender to the borrower for the purchase of ordinary housing. When a lender issues a personal housing loan, the borrower must provide a guarantee. If the borrower fails to repay the principal and interest of the loan at maturity, the lender has the right to dispose of its collateral or pledge according to law, or the guarantor shall be jointly and severally liable for repaying the principal and interest. [2]?

The loan object is a natural person with full capacity for civil conduct. The loan conditions are that urban residents use it to buy ordinary houses for their own use, have a house purchase contract or agreement, have the ability to repay the principal and interest, have good credit, and have a down payment of 30% of the funds needed for house purchase and a loan guarantee recognized by the bank. [ 1]?

Personal housing loans are limited to the purchase of self-occupied ordinary housing and urban residents' self-occupied housing, and may not be used to purchase luxury housing.

Personal housing loan business is one of the main asset businesses of commercial banks. Refers to the loan issued by a commercial bank to a borrower for the first time to purchase a house (that is, a house developed and built by a real estate developer or other qualified developers and sold to an individual).