Houses obtained by compensation for demolition can be mortgaged after obtaining the real estate license for 5 years. The property owner can apply for a written mortgage loan at the bank with his ID card, household registration book and house property certificate obtained from the demolition compensation, and go through the mortgage registration formalities at the real estate management department after examination.

legal ground

Article 395 of the Civil Code

The following properties that the debtor or a third party has the right to dispose of may be mortgaged:

(a) buildings and other land attachments;

(2) The right to use construction land;

(3) the right to use the sea area;

(4) Production equipment, raw materials, semi-finished products and products;

(5) Buildings, ships and aircraft under construction;

(6) means of transportation;

(seven) other property not prohibited by laws and administrative regulations.

The mortgagor may mortgage the property listed in the preceding paragraph together.