Legal auction houses that can be mortgaged need to indicate in the auction announcement (note: some legal auction houses indicate that loans can be made, but they cannot be made in practice; Some auction houses do not indicate loans, but they can lend. There are fewer banks and account managers who can provide mortgage services by auction, accounting for a small proportion in the bank's loan business.
The payment period of the auction house is very short (7- 15 days after the transaction). Before the auction, the loan application and qualification examination procedures should be completed in advance, and a lot of materials should be provided. However, due to the uncertainty of winning the bid, banks may not be willing to review in advance.
Banks will require buyers to provide phased guarantees before lending in advance, and bidders must bear the handling fee of corresponding guarantees. For example, at present, the mortgage guarantee of Shanghai Bank mainly cooperates with Shanghai Housing Property Guarantee Co., Ltd., and the bank can lend money in advance with its letter of guarantee.
Mortgage interest rates will generally rise 10%~25% on the basis of the basic interest rate.
How to handle housing loans according to law?
1. Before the loan, the borrower needs to fill in the Application for Housing Mortgage carefully and submit the following supporting materials to the bank: the certificate that the borrower has a fixed economic income filled out by the borrower's unit. Business license and legal person certificate of the loan guarantor.
Legal and valid identity certificate of the borrower. Documents related to housing rights in accordance with the law or housing certificates that I have the right to control. Appraisal report, appraisal report and insurance certificate of mortgaged property. Contracts, agreements or other supporting documents for the purchase and construction of houses. Other documents or materials required by the lending bank.
2. The bank conducts a detailed review of the borrower's loan application, house purchase contract and agreement and other related materials.
3. The borrower shall hand over the title certificate, insurance policy or securities of the mortgaged property to the bank for safekeeping.
4. The guarantors of both lenders need to sign a mortgage loan contract and require notarization.
5. After the loan contract is signed and notarized, the bank may transfer the borrower's deposits and loans to the house selling unit or building unit specified in the purchase contract or agreement.