According to Article 3 of the Notice on Standardizing the Second Set of Housing Identification Standards for Commercial Personal Housing Loans, in any of the following circumstances, the lender shall implement the second set or more differentiated housing credit policies for the borrower:
(a) the borrower applies for a loan to buy a house for the first time, and his family has registered one or more complete sets of housing in the housing registration information system (including the pre-sale contract registration and filing system, the same below) where the proposed house is located;
(two) the borrower has used the loan to buy a set (or sets) of housing, and applied for a loan to buy housing;
(3) The lender is convinced that the borrower's family already owns a house (or above) through due diligence in the form of credit record inquiry, face-to-face test and interview (home visit when necessary).
Other provisions for the identification of the second suite.
Notice on Standardizing the Criteria for Determining the Second Set of Housing for Commercial Personal Housing Loans Article 1 The number of housing units for commercial personal housing loans shall be determined according to the number of housing units actually owned by family members (including borrowers, spouses and minor children, the same below) to be purchased.
Article 2 Upon the application or authorization of the borrower, the real estate departments of municipalities directly under the central government, cities with separate plans, provincial capitals and other cities with inquiry conditions can inquire about the borrower's family housing registration records through the housing registration information system and issue written inquiry results. If the results of family housing registration inquiry cannot be provided temporarily due to local conditions, the borrower shall submit a written credit guarantee for the actual number of family housing units to the lender. If the lender verifies that the credit guarantee is false, it shall be recorded in the bad record.
What's the difference between buying a first suite and a second suite in Shanghai?
1, poor down payment ratio
For the first suite, if your family has no housing in Shanghai, and there is no record of commercial housing loans or provident fund housing loans nationwide or nationwide, the down payment for the first suite is 30%. For the second suite, the down payment for the second suite is 70% for the households in Shanghai 1 suite who have registered in this city or have a housing loan record.
2. Differences in loan interest rates
Now mortgage interest rates are rising all over the country. Many people find that the interest rate of the second suite is definitely higher than that of the first suite, so the loan interest rates of different banks, different cities, first suite and second-hand housing are different.
3. Difference of loan amount
The loan amount of the second home loan is much lower than that of the first home loan. The first home borrower can borrow up to 70%, and the second home borrower can only borrow up to 30%. The specific loan amount shall be subject to the regional regulations.