With the decline of market heat, the “housing loan shortage” naturally eased.
In the past few months, “the rise of mortgage interest rate” and “slow lending speed” have become a common phenomenon in the real estate industry.
According to the data of Shell Research Institute, in June, the first mortgage interest rate and the second mortgage interest rate of 72 cities monitored by Shell Research Institute were 5.52% and 5.77%, respectively, 5 and 4 basis points higher than those in May; The interest rates of the first and second housing in key cities are not far from the high point in November 2019.
With the increase of interest rate, many banks are queuing up for second-hand housing loan business and extending the lending cycle. Under the double attack, home buyers are undoubtedly the group who can feel the changes in the market. In such an environment, in order to buy the house, either wait or increase the price, buyers also find a balance point in the game with the market.
As the core cities of Guangdong, Hong Kong and Macao, Guangzhou and Shenzhen are quite representative in the control of housing loans. At the end of June 2021, many big banks in Guangzhou were informed of the suspension of housing loans. Although it was clarified one after another, it is an indisputable fact that the amount of housing loans is tight at present. In addition, according to the 21st century business report, Guangzhou and Shenzhen have recently seen a round of increase in housing loan interest rates. In terms of lending rhythm, approval is more difficult and the cycle is longer.
In such an environment, it is a long “psychological war” for home buyers. At the beginning of this year, Ms. Yang bought her first house in Zengcheng, Guangzhou. After submitting a series of supporting materials to the bank at the end of March, she received the notice of approval from the bank in April. But in the background of “difficult examination and approval”, after all the procedures are handled properly, she is faced with a long wait.
“The house is finely decorated. It could have been moved in directly, but because the bank loan hasn’t come down yet, it can’t be paid all the time. Originally, I thought I could live in my new house on May 1 this year, but up to now, I haven’t made any loan. What I can do now is to wait.” Ms. Yang told the 21st century economic report.
This is a common phenomenon. According to the statistics of Shell Research Institute, the average lending cycle of 72 key cities was extended to 50 days in June.
Because of the uncertainty of lending, it is also not easy for first-hand house buyers. In order to achieve the established rhythm in the collection, many developers and home buyers have also reached the corresponding agreement, such as in the specified time can not get bank loans can get back down payment and other terms.
Ms. Luo, who is engaged in real estate operation in Guangzhou, told the 21st century business reporter, “in the past, if you signed a contract, you can’t refund the down payment. Even if you can finally breach the contract, you have to compensate the developer for the liquidated damages. Because the refund of down payment is a high cost process for developers, generally they would rather not conclude a transaction than sign a contract and then refund. But now in the case of difficult approval, some developers will make some adjustments in order to improve the transaction rate. ”
In order to protect the interests of both parties, developers will more strictly review the qualification of customers before signing the contract“ Developers will collect customer information before signing the contract, and then the bank will make a pre-trial, and sign the contract after the pre-trial, which means that developers will be more strict in the qualification examination of customers. ” Ms. Luo pointed out.
It should be noted that in such a market, customers who rely on housing loans are likely to be limited in purchasing houses. In order to get the payment back as soon as possible, developers will prefer customers with a higher proportion of down payment, which is also a consideration for buyers with insufficient budget.
In May 2021, Mr. Lin signed a letter of intent with a real estate in Dongguan. He intended to pay only 30% of the down payment. However, because the sales of the real estate he was interested in were good, the developer wanted him to pay 50% of the down payment“ In the end, my father and my sister raised some money for me to barely make the down payment. Next, I really have to tighten my belt. ”
Ease the “housing loan shortage”
From the current situation, the mortgage interest rate remains high, the lending cycle remains long, and it will continue in the future.
Take Guangzhou as an example. At present, the housing loan interest rates of many big banks in Guangzhou have been raised many times. For example, since June 25, ICBC has adjusted the housing loan interest rate in Guangzhou to 5.55% for the first set of LPR + 90BP and 5.75% for the second set of LPR + 110bp. This is the fourth time that Guangzhou’s mortgage interest rate has been raised in the past six months.