Kunming, the capital of Yunnan Province, is one of the important tourist and commercial cities in China. With the development of Kunming's economy, it has attracted many migrants. So what are the policies for foreigners to buy a house in Kunming? Let's take a look!
New policy of foreigners buying houses in Kunming
1. Conditions for foreigners to buy a house in full in Kunming.
If you want to buy a house in Kunming, you need to provide at least one year's tax payment and social security certificate, and you need a stable income. If you are self-employed, you can go directly to the labor administrative department to pay social security in your own name, and then issue a certificate. In addition, make sure there are no other properties in Kunming.
2. Conditions for foreigners to borrow money to buy a house in Kunming.
In addition to proving that there is no proof of real estate and social security payment in Kunming, the relevant departments will also review the purchase conditions of buyers, so the applicant is required to provide proof materials such as his original household registration certificate, income certificate and marital status. Applicants working in other places also need to provide certificates and tax bills issued by foreign companies. The specific requirements depend on the bank applying for the loan. If it is a civil servant or teacher in Kunming, the conditions will be relatively relaxed when handling the purchase procedures.
Provident fund purchase policy
In Kunming, whether in other places or in Kunming, you can use provident fund loans. In urban areas, the term of housing loans can be up to 30 years, and the age of women should not exceed 55 years, and the age of men should not exceed 60 years. A family has a maximum loan of 500,000 for two people and 300,000 for one person. Personal credit records of loans cannot be overdue for more than 6 months, credit cards and loans overdue cannot exceed 10 times, and the single overdue days cannot exceed 1 year.
Commercial loan purchase policy
The longest period for applying for a commercial loan is 30 years, the minimum down payment for buying a house is 20%, the interest rate benchmark rises by 10%, the minimum down payment for the second suite is 45%, and the interest rate rises by 20%. To apply for a loan, you need to produce proof of income that all the liabilities in my name are paid more than twice a month. If the income certificate does not meet the requirements, you can issue an asset certificate.
Bian Xiao concluded: The above is the new policy about foreigners buying houses in Kunming, and I hope it will help everyone.
What is the down payment ratio of the second suite in Kunming?
In recent years, with the rising housing prices, many cities have not only introduced the government's purchase restriction, but also introduced the second suite policy, which has relatively increased the down payment ratio of the second suite and reduced people's enthusiasm for buying houses. So what is the down payment ratio of the second suite in Kunming? Introduce it to everyone in this article.
What is the down payment ratio of the second suite in Kunming?
The minimum down payment for the second suite of commercial loans in Kunming is 45%, and the minimum down payment for the second suite of provident fund loans is 50%. According to the latest local policy in Kunming, the minimum down payment ratio for households with/kloc-0 apartments and outstanding housing loans is 45%, and the minimum down payment ratio for households with/kloc-0 apartments and outstanding loans is not less than 50%.
Kunming purchase restriction policy
1. Suspend the sale of newly-built commercial housing to non-Yunnan residents who own 1 suite or above in Wuhua District, Panlong District, Guandu District, Xishan District, Chenggong District, High-tech Industrial Development Zone, Economic and Technological Development Zone and Dianchi Tourism Resort.
2. Stop selling new commercial housing to non-Yunnan registered residents under the age of 18.
3. Non-Yunnan resident families who have no housing in the restricted area of Kunming and have reached the age of 18 can purchase 1 apartment in the restricted area.
Kunming's loan restriction policy
1. To purchase the first commercial house in Kunming, the down payment shall be at least 20%, and the benchmark interest rate shall rise 15%.
2. Use local commercial loans to buy a second set of commercial housing in Kunming. The low down payment shall not be less than 45%, and the benchmark interest rate shall rise by 20%.
3. Stop issuing the third set of commercial housing loans.
4. Shops, apartments and office buildings. Unlimited purchase, but the minimum down payment is 50%, and the longest loan can only be 10 years.
The above is the introduction of the down payment ratio of the second suite in Kunming, hoping to provide some help to those friends who want to buy a house in Kunming, so that everyone can buy their own house smoothly.
New down payment policy for the second suite in Kunming in 2022
Legal analysis: The housing loan policy in Kunming is as follows: the first suite is treated as 1, with a minimum down payment of 30% and a minimum down payment of 60% for the second suite; 2. The benchmark interest rate for the first suite is 6.55% per annum, and the interest rate for the second suite will rise by 10% to 7.02%. 3. If the area of the first suite is between 90- 144, the deed tax is 65438+ 0.5% of the total house price, and the deed tax of the second suite is 3%. Today (2020. 03. 07), the mortgage interest rate in Kunming: the first set is about 5.25%; LPR is 4.75%; 0.5%(50bp)= 5.25%； The interest rate of the second home loan is 5.6%, and the LPR is 4.75% 0.85% (85bp). Compared with before the Spring Festival (before February 20, 2020), the interest rate of the first loan has dropped from 5.6% to 5.25%. Down payment ratio: the current down payment ratio, the first set: all major banks basically start from 22%, which is affected by personal qualifications (credit record, work unit, income flow).
Legal basis: Article 14 of the Provisional Regulations on the Registration of Real Estate applies for the registration of real estate for sale, mortgage, etc. , both parties should apply at the same time. In any of the following circumstances, the parties may apply unilaterally:
(a) unregistered real estate for the first time to apply for registration;
(2) Inheriting or accepting bequests to acquire real estate rights;
(3) The effective legal document of the Arbitration Commission or the effective decision of the people's government if the real estate owner is established, changed, transferred or eliminated;
(four) the name, ownership or natural conditions of the obligee have changed, and the application for registration of change has been made;
(five) the loss of real estate or the right holder to give up real estate rights and apply for cancellation of registration;
(six) to apply for registration of correction or objection;
(seven) other circumstances stipulated by laws and administrative regulations that can be unilaterally applied by the parties.
This is the last requirement of Kunming housing loan policy. I wonder if you have found the information you need?