What are the policies for second homes in Shanghai in 2019

What are the policies for second homes in Shanghai in 2019

1. For families who purchase a second home with a loan, the down payment ratio for the second home is different. If it is lower than 70%, the loan interest rate shall not be lower than 1.1 times the benchmark interest rate; 2. The second house with an area less than 90 square meters will need to pay a deed tax of 1% of the assessed price, and the area of ????90-144 square meters will need to pay 1.5% of the assessed price; 3. When purchasing a second house, For an ordinary house, the down payment ratio for a commercial loan shall not be less than 50%, and for the purchase of a non-ordinary house, the down payment ratio shall not be less than 70%.

What are the criteria for identifying a second home?

1. If you have a house in your parents’ name and buy another house in the name of your minor children

Detailed explanation: According to the new policy, families Members include the borrower, spouse and minor children. If they apply for a loan to buy a house again in the name of the minor children, the second home policy will be implemented.

2. If you have a real estate in your name when you are a minor, you can take out a loan to buy a house after you become an adult.

Detailed explanation: According to the bank’s policy of “subscribing to a loan and then recognizing a house”, if you have a real estate in your name when you are a minor, If you take out another loan to buy a house after you become an adult, you must follow the second home policy.

3. If you have a house purchased with full payment in your name, and then take out a loan to purchase the house

Detailed explanation: If you have purchased a house with full payment in your name, although you have not taken out a loan, as long as you get a loan, If it can be found in the housing property transaction system that there is a property under the name, and if you apply for a loan again, it will also be recognized as a second home.

4. If you have a loan in your name to buy a house, you can buy a house with a loan after the sale is completed

Detailed explanation: At present, banks "recognize the house and then subscribe for the loan". Although the property bought with the loan is sold, , the family no longer has any housing in their name, but because of the previous loan record, applying for a mortgage loan again can be regarded as a second home.

5. Use commercial loans for first-time home purchases, and provident fund loans for second home purchases

Detailed explanation: Nowadays, the provident fund loan policy is relatively strict. As long as the borrower has a mortgage record, regardless of whether the mortgage loan has been settled or not, before If you have never used a provident fund loan before, applying for a provident fund loan for the first time is still considered your second home.

Editor’s summary: The above is the relevant content about Shanghai’s second home policy. I believe everyone understands it! Nowadays, many families have good economic conditions, so more and more people are buying second homes, but there are also conditions for buying second homes.

How to define first-time home loans in Shanghai

Shanghai first-time home recognition standards 2019: The latest policy is like this!

In 2019, governments across the country have issued new real estate policies. For those who want to buy a house this year, it is necessary to pay attention. After all, the impact of the new policies is relatively large. Many users want to know about the standards for identifying first-time homes in Shanghai in 2019, so today Xicaijun will give a brief explanation.

At the end of last year, the Shanghai Municipal Housing and Construction Commission, the Shanghai Branch of the People's Bank of China, and the Shanghai Banking Regulatory Bureau jointly issued the "Notice on Promoting the Stable, Healthy and Orderly Development of the City's Real Estate Market and Further Improving Differentiated Housing Credit Policies". There are relevant instructions for the down payment and the identification of the first home.

Criteria for the identification of first-time home loans:

The recognition of first-time home loans by commercial banks means that the residents’ families not only do not have a house in the city, but also have it shown through the People’s Bank of China credit system. There are no commercial housing loan records or provident fund loan records anywhere in the country. In other words, no matter where your household registration is, or whether you own a house in Shanghai, as long as you have bought a house with a loan in any place, even if it has been paid off, it cannot be counted as the first house, and the second home loan policy will be implemented.

The difference in down payment between the first home and the second home is also very big. According to the new policy, if it is the first home, the down payment required is almost 50%, but if it is not used for yourself For your first home, the down payment ratio will be as much as 70%.

To sum up, as national policies become more and more perfect, real estate speculators from all over the world will gradually withdraw from the stage of history, allowing more people without houses to afford to buy houses.

What is the down payment ratio for a second home in Shanghai in 2019?

Although many people have the need to buy a house, housing prices across the country remain high, especially in first-tier cities. For example, land in Shanghai is very expensive, but there are still people who want to buy a second home. Today I will introduce to you the down payment ratio for a second home in Shanghai in 2019. I hope it can help you.

1. If a household purchases its first home (that is, the household does not have a house in this city under its name and has no commercial housing loan record or provident fund housing loan record) and applies for a commercial personal housing loan, the down payment The proportion is not less than 35%.

2. Residential households that meet one of the following circumstances apply for commercial personal housing loans.

For ordinary owner-occupied housing, the down payment ratio shall not be less than 50%; For housing, the down payment ratio shall not be less than 70%:

1. Those who do not have a house in this city but have commercial housing loan records or provident fund housing loan records;

2. Already own 1 house in this city.

Warm reminder that the provident fund loan center and commercial banks have different recognitions of second homes. The bank recognizes the house as well as the loan, while the provident fund center only recognizes the house but not the loan. To put it simply, if the first house is recognized, If you buy a house with a mortgage and then sell it, and now you buy a new house, you can also use a provident fund loan.

Last year, many regions announced new regulatory policies. In places such as Beijing, Shanghai, and Guangzhou, the minimum down payment for commercial loans is 50% or even 70%.

How to cleverly turn a second home into a first home?

1. If the loan policy is to subscribe for the loan but not the house, you can pay off the loan for the first home;

2. If the policy is to recognize the house but not subscribe for the loan, then you can sell the first home .

Of course, if the local policy is to subscribe for both a house and a loan, then just pay according to the down payment policy.

What are the new down payment regulations for house purchases in Shanghai in 2019

House prices in Shanghai are very high, and many home buyers will apply for housing loans when buying houses in Shanghai. However, the purchase restriction policy introduced in Shanghai in recent years has made relevant regulations on the down payment ratio for home buyers applying for housing loans. So what are the new down payment regulations for house purchases in Shanghai in 2019? Next, the editor will briefly introduce them to you.

1. According to Shanghai’s housing loan policies, when a household purchases a first residence, the minimum down payment ratio when applying for a commercial loan is 35%; when applying to purchase a second ordinary residence, the minimum down payment ratio is 50%; To apply to purchase two non-ordinary residences, the minimum down payment ratio is 70%.

2. If we are applying for a provident fund loan to buy our first home, and we have not used provident fund deposits before, then the minimum down payment ratio is 30%; if the area of ??the first home we purchase does not exceed 90 square meter, the minimum down payment ratio is 20%. To apply for a provident fund loan to purchase two ordinary residences, the down payment ratio must be at least 50%; to purchase two non-ordinary residences, the down payment ratio must be at least 70%. The maximum loan limit for second homes has been reduced by 100,000 yuan.

3. Shanghai implements the policy of recognizing houses and loans. The identification standard for the first house is that the household has no house in the city and no mortgage record; the identification standard for the second house is that the household has a residence in the city. Or there is no residence in the city but there is a mortgage record. Usually, in addition to a higher down payment for a second home loan, the interest rate is increased by about 10-20%.

4. When we buy a commercial house, we must clearly distinguish whether the house we buy is an ordinary residence or a non-ordinary residence. There is a big difference between the two in terms of loan down payment ratio, taxes, etc. . Usually, the area of ??non-ordinary residences is greater than 140 square meters; or the transaction price of houses within the inner ring exceeds 450 yuan/set; the transaction price of houses between the inner and outer rings exceeds 3.1 million yuan/set, etc.

The editor summarizes: Regarding the new down payment regulations for house purchases in Shanghai in 2019, the editor will briefly introduce it to you here. I hope that after reading this article, it can provide you with reference and help when applying for a loan to buy a house in Shanghai in the future. Before you buy a house in Shanghai, you must first find out whether you are qualified to buy a house.

How much is the down payment for a second home in 2019? What is the down payment ratio for a first home in 2019?

We pay more attention to the new policies for buying a house. You must know that the proportion of down payment changes every year, and there will be different policies in different periods, so people are more concerned about whether they are buying a first home or a second home. How much down payment should I prepare for my second home in 2019? An introduction to the down payment ratio for a first home in 2019.

Many people are paying more attention to the new policies for buying a house in 2019. You must know that the proportion of down payment changes every year, and there will be different policies in different periods, so whether people are buying their first home or For a second home, people are more concerned about how much down payment should be prepared. The following is how much is my down payment for a second home in 2019? An introduction to the down payment ratio for a first home in 2019.

How much is the down payment for a second home in 2019?

1. The down payment ratio is only 25% for first-time home buyers. According to previous regulations of the Central Bank and the China Banking Regulatory Commission, for families who own a house and have paid off the corresponding house purchase loan, in order to improve their living conditions, they can apply for a loan again to purchase ordinary commercial housing. Banking financial institutions implement the first home loan policy, but the down payment ratio is 30%. This means that even if the loan for the first house has been paid off, the down payment ratio for the second house is still 30%.

2. Since January 1, 2019, when you apply for personal housing loan business, you need to use the value of the contract price signed online and the house price appraisal price as the calculation base to determine the loan amount, so for There will indeed be some changes in the down payment policy for buying a house in 2018. For owners who buy a house after January 1, 2019, if you want to get a loan to buy a house, you must be able to understand the details of the relevant policy changes.

3. At present, many banks such as China Construction Bank, Bank of China, ICBC and Bank of Communications said that the central bank had issued corresponding notices before, but because it had not received the details, it had not implemented this policy before. However, since January 1 After that, China Construction Bank has now begun to take the lead in implementing this policy, so for home buyer loans, I am sure that all major banks will slowly implement this policy, and there may be some changes in everyone's loan limits.

What is the down payment ratio for a first home in 2019?

1. The central bank and the China Banking Regulatory Commission issued a notice requiring that in cities that do not implement purchase restrictions, the low down payment ratio for first home loans should be adjusted to no less than 25%. Many state-owned banks and joint-stock banks have expressed that they are waiting for the policy to be issued by the head office and have not yet implemented this new policy.

2. The central bank and the China Banking Regulatory Commission issued the "Notice on Further Improving the Differentiated Housing Credit Policy", requiring that in cities that do not implement "purchase restrictions" measures, the commercial nature of households purchasing ordinary housing for the first time For personal housing loans, the low down payment ratio is adjusted to no less than 25%.

3. This new policy reflects a certain degree of differentiation. First of all, it only targets cities that do not implement purchase restrictions, which means that the new policy will benefit most cities, including Zhangzhou. Cities such as Beijing, Shanghai, Guangzhou, and Shenzhen that still implement purchase restrictions will not be able to benefit directly.

When we follow me, how much is the down payment for a second home in 2019? After learning about the down payment ratio for the first house in 2019, we understand that if we buy a house, the down payment ratio for the first house is different from the down payment for the second house. It can be said that the second house is relatively more strict, and we need to prepare the money There will also be relatively more, so you should be mentally prepared for this. I hope my introduction above can help you.

2019 Shanghai House Purchase Policy

For non-residents (Chinese nationality) to buy a house in Shanghai, each family can only buy one house as a family unit, which means you first need to have a marriage certificate

Foreigners buying a house in Shanghai need to provide a household registration book and ID card (this is generally available).

The most important thing is that you or your spouse have paid 60 months of social security in Shanghai within the last 63 months or 60 months of personal income tax bills (i.e. salary tax bills) in the last 63 months.

The purchase and tax payment period is changed to 5 years and above. The five-year purchase restriction policy for paying taxes is now the highest threshold in the country. Beijing also has 5 years, but does not require marriage. In addition to the 5-year tax payment requirement, Shanghai's new policy also imposes the condition of being married.

The above three items are indispensable, that is to say, as long as the above three points are met at the same time, you can buy a residential house in Shanghai!