Does whoever’s name is written on the real estate certificate be the one who takes out the loan?

Currently, the country does not stipulate that whoever takes out a loan must write down his or her name. For example, when taking out a loan, you can write down your parents’ names. Name, and then the children’s names can be written on the property certificate.

Legal basis:

"Urban Real Estate Management Law of the People's Republic of China"

Article 60: The state implements the registration of land use rights and house ownership Certification system.

Article 61: To obtain land use rights through transfer or allocation, an application shall be made to the land management department of the local people's government at or above the county level for registration, and shall be verified by the land management department of the local people's government at or above the county level. The people's government at the relevant level issues a land use right certificate. If the real estate obtained in accordance with the law is developed and used to build houses, the land use right certificate shall be used to apply to the real estate management department of the local people's government at or above the county level for registration, and the real estate management department of the local people's government at or above the county level shall verify and issue a house ownership certificate. When real estate is transferred or changed, an application must be made to the real estate management department of the local people's government at or above the county level for real estate change registration, and with the changed house ownership certificate, an application must be made to the land management department of the people's government at the same level for land use right change registration. After verification by the land management department, the land use right certificate will be replaced or modified by the people's government at the same level. If the law provides otherwise, the provisions of the relevant laws shall apply.

How can I get a loan if two people’s names are written on the real estate certificate?

It is OK if the names of two people are written on the real estate certificate and one of them applies for a loan from the bank.

The home buyer fills out an application for a housing mortgage loan to the bank and provides legal documents such as ID card, income certificate, house sales contract, letter of guarantee, etc. that must be submitted. The bank will pass the review after review. Commit to granting loans to home buyers, and handle real estate mortgage registration and notarization based on the house sales contract provided by the home buyer and the mortgage loan contract signed between the bank and the home buyer. The bank will directly transfer the loaned funds within the period specified in the contract. The units sold are on the bank's account.

Extended information:

The real estate certificate is a document that allows the buyer to obtain the legal ownership of the house through transactions and exercise the rights to possess, use, benefit from and dispose of the purchased house in accordance with the law. It is the legal certificate for the state to protect the ownership of the house in accordance with the law. Home owner credentials manage and use their own home.

In late August 2011, the tax department stated that deed tax will be levied on half of the house price for adding a name to a property. In April 2013, the Beijing Municipal Housing and Urban-Rural Development Commission stated that in order to prevent false housing sales and other activities and ensure the safety of housing transactions, in the future, Beijing home buyers will be able to voluntarily and free of charge set up a password for the real estate certificate. If the house needs to be transferred, changed, or mortgaged When registering for business, you must provide your password before processing.