Lawyer’s answer

There are three situations in which a second house is recognized:

(1) If a loan is taken to buy a house and the commercial loan is not paid off, the second house is recognized as a second loan. A suite;

(2) There are commercial loan records for two suites in one's name, one has been repaid and the other has not been repaid and is considered a second suite;

( 3) Between husband and wife, one party uses a commercial loan before marriage, and the other party uses a provident fund loan before marriage. After marriage, they want to take out a loan in the name of the couple. If the loan is not repaid, it is considered a second house.

Legal Basis

"Notice on Regulating the Standards for the Identification of Second Homes in Commercial Personal Housing Loans" Article 3 If any of the following circumstances occurs, the lender shall People implement the second (and above) set of differentiated housing credit policies: (1) The borrower applies for a loan to purchase a house for the first time. The family has registered one (or more) complete houses; (2) The borrower has used the loan to purchase one (or more) houses and then applied for a loan to purchase the house; (3) The lender inquires about credit records and interviews. Through due diligence in the form of tests, interviews (residence visits when necessary), etc., it is confirmed that the borrower's family already has one (or more) houses.