If the bank refuses to approve the loan because the developer does not have a pre-sale permit or sells an existing house that does not have the conditions for use, then the buyer can ask the developer to refund the down payment and deposit. In addition, developers can also be required to pay the corresponding interest losses.

2. Reasons for property buyers

If the bank refuses the loan because the information provided by the buyer is untrue or the buyer's credit record is bad, then the buyer will be liable for breach of contract and the down payment will not be available. You may even be asked for compensation.

3. Non-buyer-seller reasons

If it is because of changes in government policies or bank regulations that the loans that buyers should get cannot be realized, then buyers should negotiate with developers, and there is no agreement in the contract. In this case, the buyer can sue to prove that he is not at fault, but he is really unable to buy a house, thus asking the developer to return the down payment and deposit.

What should I pay attention to when applying for a mortgage?

Pay attention to the following points when applying for a mortgage in a bank:

1. When applying for a mortgage, you should check your personal credit report. If you have a bad record in your personal credit report, the possibility of your mortgage being rejected will increase.

2. The longest term of mortgage loan is 30 years. If the monthly repayment amount of the mortgage exceeds half of the monthly income of the applicant's husband and wife, the mortgage can also be refused;

3. To apply for a mortgage, you need to prepare personal ID card, proof of marital status, proof of household registration, proof of income, original purchase agreement and other materials.

In addition, when applying for personal housing loans, borrowers should make correct judgments on their current economic strength and repayment ability, and at the same time make correct and objective predictions on their future income and expenditure.