After the four state-owned banks and two joint-stock banks in Shenzhen have made it clear that the second-hand housing loan is based on the official reference price, the real estate mortgage operation which is closely related to this has also become the focus.
Is the operating loan also executed according to the reference price? In recent days, it has been reported on the Internet that some banks in Shenzhen have required their housing related loans (including second-hand housing mortgage loans, housing mortgage business loans, etc.) in Shenzhen to be executed according to the reference price of second-hand housing transactions issued by the government.
However, as of the afternoon of March 4, the four major banks in Shenzhen have not yet made clear the reference basis for mortgage business loans, let alone the implementation details. Agricultural Bank of China in Shenzhen told Nandu, “we haven’t made an external statement recently.”
According to media reports, the Shenzhen Branch of Bank of China has issued a notice, including second-hand housing mortgage loans, real estate mortgage loans and other housing related loans, the amount of which is implemented according to the reference price of second-hand housing issued by the government. However, as of the afternoon of March 4, BOC in Shenzhen had no comment on this.
According to the industry practice in Shenzhen, business loans are generally issued by banks to individual industrial and commercial households, small and micro business owners and other production and business capital needs, with real estate as collateral, and the overall process of each bank for mortgage loans is basically the same. According to some financial figures, the approval limit for business loans of major banks in Shenzhen is generally up to 70% of the assessed value of real estate. And Shenzhen location better housing, previously from the bank to obtain mortgage loans up to 80%.
However, due to the fact that the official guidance price of second-hand housing is lower than the actual market price and appraisal price, when applying for real estate mortgage loan in Shenzhen in the future, the loan amount will be reduced, which may have a certain impact on the financing of some small and micro enterprises.
“The group applying for real estate mortgage business loan may have an impact.” A bank internal appraiser told Nandu reporter to give an example, for example, Shenzhen housing and Urban Rural Development Bureau’s “notice” announced that the transaction reference price of a residential area was 130000. The mortgage loan from the owner to the bank is generally evaluated by the third-party evaluation company. Before the transaction of 150000 yuan for the same house type in the same community, the evaluation company will take 150000 yuan as the evaluation standard. Now, after the reference price is made public, the bank may only pay 130000 yuan, which means that the owner’s actual loan amount is much less than before.
It is worth noting that, according to media reports, some city commercial banks in Shenzhen said that the operating loans will be valued according to the official guidance price. According to a person from a city commercial bank in Shenzhen, the bank’s operating loan amount is 70% of the assessed value.