New rules of mortgage policy

The minimum down payment for the second home loan is reduced to 40%, and the second-hand house is exempted from business tax for two years.

Following the relaxation of provident fund loans, the Ministry of Land and Resources and the Ministry of Housing and Urban-Rural Development jointly issued a document to stabilize the property market. Recently, several ministries and commissions have introduced new property market easing policies, this time covering a wider range.

The minimum down payment ratio of the second home loan is adjusted to not less than 40%, which is 20% lower than before.

In addition, from today, individuals who purchase ordinary houses for more than 2 years (including 2 years) for external sales will be exempted from business tax. Previously, this exemption period was as long as five years.

Second, the provisions of the Commercial Bank Law on the person responsible for payment of goods.

Hello! According to your introduction, you can apply for a provident fund loan. How to handle the housing provident fund loan: first go to the "center" to receive the "approval form for housing provident fund loan application", proof of salary income and proof of housing provident fund deposit. Then provide the following information: 1. Information 1, new housing provident fund loans need to provide ID cards; 2. Household registration book; 3. Marriage certificate/divorce certificate/single certificate; 4.30% down payment invoice or receipt; 5. Original purchase contract. 2. Information to be provided for the second-hand housing provident fund loan (1) and the above information to be provided for the new housing provident fund loan (1~3); 2. Property certificate of the house purchased. A statement signed by the seller and his wife, and the house is sold according to the fingerprint consent; 4. ID cards of the seller and his wife); 5. Housing sales contract. 6. The seller's household registration book or marriage certificate loan scheme 1, and the borrower submits a loan application to the housing provident fund management center; 2, housing provident fund management center to review the loan qualification, determine the loan amount, duration, approval of loans; 3. sign a contract; 4. The entrusted bank handles the loan procedures.

Third, the mortgage interest rate 2023

1. House prices have been falling for three consecutive months.

2. Only the lower limit of the first home loan interest rate can be adjusted.

3. If the house price rises for three consecutive months, the lower limit of the national unified interest rate will be restored.

This policy is actually a continuation of the mortgage interest rate policy in 2022.

Policy analysis:

Judging from the trend of LPR in 2022, in August, the LPR for five years and above dropped to 4.3, and the interest rate of the first home loan could be as low as 4. 1%.

Then, on September 29, 2022, the central bank and the China Banking Regulatory Commission decided to adjust the differentiated housing credit policy in stages. Eligible city governments can independently decide to maintain, reduce or cancel the lower interest rate limit of the first local new home loan before the end of 2022.

According to statistics, among the 70 large and medium-sized cities at that time, there were at least 23 eligible cities, including 8 second-tier cities such as Tianjin and Wenzhou and Yueyang 15 third-and fourth-tier cities.

4. On March 6th, 2006, China Banking Regulatory Commission (CBRC) promulgated and implemented, which marked that the development of e-banking was formally brought into the legal track.

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