According to the information released by the Jiangsu Provincial Department of Natural Resources, recently, the Provincial Department of Natural Resources, together with the Provincial Local Financial Supervision Bureau, Nanjing Branch of the People's Bank of China and the Provincial Banking Insurance Regulatory Bureau, jointly issued the Notice on Promoting Real Estate Registration in Jiangsu Province to Improve Financial Convenience and Enterprise Service Level (hereinafter referred to as the Notice), which is the first normative document on "paid transfer" issued by the Provincial Department of Natural Resources in conjunction with relevant financial supervision departments in China, and will reduce the risks and costs of real estate transactions.
In the traditional stock house transaction process, if the house loan has not been settled, the seller needs to raise funds in advance to pay off the loan and lift the original mortgage before going through the transfer formalities. Moreover, because of the long transaction process, the transaction risks of buyers and sellers are relatively large.
Mortgage transfer means that if the mortgaged property needs to be listed and traded, the seller can complete the transfer registration without returning the original mortgage first, and the buyer can obtain a financial loan by mortgage transfer.
It is understood that Nanjing, Wuxi, Suzhou, Taixing and other places in our province have previously launched the "transfer with mortgage" service, but the practices vary from place to place. In order to better protect the interests of both parties to the transaction and the mortgagee, it is urgent to standardize the "mortgage transfer" of real estate at a higher level.
The Notice further proposes that "mortgage transfer" can be applied to real estate transfer, disposal of non-performing assets, judicial auction of real estate and other scenarios, and emphasizes that on the basis of strengthening the risk prevention and control of "mortgage transfer" of real estate, real estate registration institutions should establish an early warning and prevention mechanism with bank financial institutions to provide various ways to ensure the safety of transaction funds and promote the reduction of transaction costs of parties.
Second-hand housing "transfer with mortgage" is good news for the landlord of second-hand housing transactions. If the mortgage is not settled, it can be directly transferred, which is more convenient and safer.
You know, in the past, second-hand housing transactions usually required six steps: ① the seller borrowed money or the buyer paid for it; ② Pay off the bank loan; (3) release the mortgage; ④ The transaction has been transferred; ⑤ The buyer resets the mortgage; And (5) the buyer borrows money from the bank after the registration is completed, so that the seller can finally get the remaining house payment.
In this mode, the business cycle is long, and even the transaction cannot be completed because of some unexpected situations.
In order to further meet the needs of the masses in the process of buying and selling houses, the relevant departments have determined a new business handling model after many consultations, which has successfully solved the problems for both parties to the transaction.
Since March this year, Xuzhou Natural Resources Registration Center has organized business seminars and process tests for many times, actively docked with banking institutions, piloted the closed-loop "transfer with mortgage" service model, and implemented the linkage operation of real estate transfer with mortgage; Let the masses "only enter one window and hand in one set of materials", so as to complete the "three-in-one" business of transaction transfer, new mortgage establishment and original mortgage cancellation, and realize the seamless docking of mortgage loans and repayment between buyers and sellers.
By the end of September, Xuzhou Registration Sub-center had handled nearly 60 cases of mortgage transfer of stock houses, with a transaction amount of nearly 654.38 billion yuan.
Xuzhou business pilot scope:
On the basis of complying with the policy of restricting the sale of stock houses, the buyer and the seller can submit business applications at branches of Xuzhou Natural Resources Registration Center after signing relevant agreements with loan banks.
It is understood that the registration center will continue to strengthen multi-sector linkage, encourage more banking institutions to participate, make the "mortgage transfer" model a new normal to stimulate market vitality, lower the "threshold" for stock houses to re-enter the market, speed up the transaction and circulation of stock houses, further promote the virtuous circle of real estate market transactions and create a good business environment.
The provincial government issued a document, which is undoubtedly a powerful boost to the local implementation of "transfer with mortgage"!