After the rise of housing loan interest rate in many hot cities, recently, the news about the “stop loan” of second-hand housing in many cities has aroused hot discussion.
In response, the Securities Daily reporter has learned that in the second tier hot cities, Nanjing, Zhengzhou, Chongqing, Wuhan, Hangzhou, Hefei and other cities have seen the phenomenon of tightening the bank housing loan business: some banks suspended the second-hand housing loan business, and even some banks suspended the acceptance of new housing loan business.
Yan Yuejin, research director of think tank center of Yiju Research Institute, told the Securities Daily that the actual suspension of loan business has a relationship with the amount of loans. While implementing the real estate loan concentration management system, all localities naturally need to strictly control loans. And loan aspect, generally is first stop second-hand house loan, then strict control one hand house.
“In addition, there are many chaos in the second-hand housing loan, especially in the business of bridge loan, and the relevant departments have also carried out supervision. Through the control of such loans, the loan business can be greatly standardized and some speculation behaviors have been hit.” Yan Yuejin added.
Some banks have been closed
Loan business of new and used houses
Media reports have reported that in recent years, Wuhan has tightened personal housing credit business in hot second tier cities, including some banks’ new housing and second-hand housing provident fund business are temporarily inadmissible, and some banks have suspended the acceptance of second-hand housing business.
The tightening of Wuhan real estate loan is a microcosm of the change of the real estate credit policy in China《 The Securities Daily reporter learned that the number of second-hand housing loans in many cities is tight, the loan cycle has been extended to three or four months, and even some banks have stopped handling new and used housing loans.
A number of banking industry people in an interview with reporters said that the suspension of the housing loan business mainly related to the tightening of loan lines.
“At present, the second-hand housing loan business is not accepted, and there is no limit for the second-hand housing loans of many state-owned banks,” the personal loan manager of some banks in several hot cities in Guangdong told reporters “The loan period of second-hand housing is at least three months at present,” the personal loan manager of a joint-stock bank in Wuxi told the Securities Daily
In the interview, reporters found that not only the second-hand housing loans tightened, new housing loans also tightened“ Due to the tight quota, the loan business of new and second-hand houses has been suspended, and the loan business of second-hand houses has been scheduled to 2022. ” The personal loan manager of a state-owned bank in Nanjing told reporters.
Meanwhile, many city buyers also told reporters that the current application for mortgage loans to banks appeared difficult and slow.
In response, yanyuejin told the Securities Daily that the suspension of loans or the loan period obviously extended, which had a certain impact on landlords and buyers, and the contract management of the intermediary was also under pressure. For buyers, we should arrange the budget and purchase plan reasonably.
The Securities Daily reporter combed and found that, from the property market data, since this year, the current housing loan tightening cities are not one of the hot cities with local overheating since this year, and the market volume or price has increased. For example, Guangzhou, Wuhan, Chongqing, Hangzhou, Nanjing, Hefei, Huizhou, etc.
According to the National Bureau of statistics, in hot cities, in May, the price of second-hand houses in Guangzhou new houses rose. The price of new housing rose 1.5% on month, 11.2% year on year; The price of second-hand housing rose 0.9% on month, up 13.5% year on year. In May, Chongqing’s new house prices rose 1.9% on a year-on-year basis, up 8% year on year, and second-hand housing prices rose 1.1% on a year-on-year basis, up 5.1% year on year.
“The reason behind the tightening of housing loans in the above cities is that the demand for housing loans is too large.” Zhang Dawei, chief analyst of Central Plains real estate, said in an interview with the Securities Daily that, because most of the new housing related development loans, the subsequent market has the greatest impact on second-hand real estate loans, especially in southern cities, it is difficult to make loans for used real estate loans become normal.
Housing loan line in the second half of the year
It will continue to be nervous
Pan Helin, executive director and professor of the Institute of digital economy, Zhongnan University of Finance and law, told the Securities Daily that policy tightened the mortgage line, such as requiring banks to reduce the proportion of real estate loans and mortgages according to the credit structure. This makes the real estate credit limit tighter, at the same time, the local governments further limit the real estate credit according to their own actual situation.