Beijing's purchase restriction policy changes: the down payment for second homes is raised
It is rumored that the new property market policy that will be introduced will "fall off the boots" in advance. This afternoon, the Beijing Municipal Commission of Housing and Urban-Rural Development, the Municipal Land Design Commission, the Municipal Housing Provident Fund Authority, the Municipal Banking Regulatory Bureau and the Operation Management Department of the People's Bank of China jointly held a press conference, and issued the Notice on Improving the Policy of Product Housing Sale and Differentiated Credit, which further promoted the regulation of the Beijing property market.
in this new regulation and control policy, the most important one is "recognizing the house and recognizing the loan". Previously, a family with a residence under the name of Beijing sold and transferred the residence, and then bought the residence under the condition of "no room under the name", which was counted as the first set. But today's New Deal has changed this judgment rule. In order to meet the demand of the New Deal, the down payment share of the household name in Beijing is not less than 6%, and if there is no residence in Beijing but there is a record of commercial residence loan or provident fund residence loan. This means that as long as the name of the residence has handled the loan, even if it has been sold and transferred, the second purchase will still be implemented in two sets.
not only that, but also the down payment standard for purchasing improved living quarters has been raised. For the demand of the New Deal, the share of down payment for purchasing non-usual self-possession is not less than 8%. In addition, loans from private residences with a loan term of more than 25 years (excluding 25 years) will be suspended. (including provident fund loans). In addition, the products purchased by the company need to be listed again for 3 years or more. If the business policy is its own, it will be implemented in accordance with the Beijing purchase restriction policy.
Changes in Beijing's purchase restriction policy: Comparison with the 93 New Deal
Before that, the latest policy was the famous 93 New Deal. On the evening of September 3th, the Beijing Municipal People's Government issued a notice on "Several Methods for Promoting the Stable and Healthy Opening of Real Estate Sales in this Municipality", which required that the down payment share for purchasing the first set of ordinary residences should be no less than 35%, and the down payment share for purchasing the first set of unusual products should be no less than 4%. For households with one residence, if they need commercial loans from their own residence again to improve their living conditions, the share of down payment shall not be less than 5% regardless of whether there are loan records or not, and the share of down payment shall not be less than 7% if the purchase is not usual.
by comparison, it is not difficult to find that under today's policy requirements, the scheme of the first suite is significantly reduced and the judgment is more harsh, while the minimum down payment share of the second suite is raised by 1 percentage points. It is precisely because of this that the New Deal has also been labeled as "the strictest in history" and "the advanced version".