The first is the property rights and conditions of housing for the elderly. At present, the housing ownership rate in China is very high. The housing ownership rate in developed countries such as the United States and Britain is only 60%, and the fifth population survey shows that urban housing families in China have accounted for 72% of urban families, and the housing ownership rate in Shenyang is as high as 80%. However, a large part of this is welfare housing distribution, and it is still possible for homeowners to own housing property rights with their units after retirement. In addition, there are quite a few elderly people with poor living conditions, and the evaluation of real estate value is not high, so it is somewhat difficult to operate the loan. To solve the above problems, we can start from two aspects: first, carefully verify the ownership of real estate, or ask the elderly to buy out the property right first, or ask the elderly to negotiate with the unit to let the unit recognize the loan for the elderly, and pay off the loan for the elderly at the end of the loan, and then recover the property right.
In addition, although the housing conditions of the elderly are poor, the loan amount can be moderately tight, and loans can be given in combination with the specific housing value. Moreover, with the improvement of residents' housing conditions, especially middle-aged people with successful careers, housing conditions are generally better. In another 20 years or so, when they enter old age, although their income will decline, the decline in consumption level will inevitably be slower than the decline in income. At that peak of aging, the implementation of reverse annuity mortgage loan is undoubtedly a timely help. The implementation of reverse annuity mortgage loan can pay special attention to the current middle-aged groups and sign intentional contracts with them to deal with the problems of middle-aged people 20 years later. For financial institutions, this method is also an acquisition of high-quality customer resources.
The second problem is that the implementation of this method is to end the loan by repaying the bank or paying the house price. This involves how to realize the house once it reaches the bank. There are two possibilities. One is that the bank directly handles the mortgaged house, without involving other natural persons. This requires China's second-hand housing market to be improved as soon as possible, and at the same time, banks need to cooperate with professional second-hand housing institutions to deal with expired mortgaged properties, effectively reducing the burden on banks.
Another possibility is how to face the proposal of the elderly children to recover their houses. It should be said that the old people use the reverse annuity mortgage to support the elderly, or want to leave their children real estate as an inheritance, which will shrink the family heritage. In view of this situation, financial institutions can attach some clauses to the agreement with the elderly. For example, children can give priority to buying the property left over after the death of the elderly, or they can ask their children to repay the loan for the elderly and then take back the house of the elderly.