Chinanews.com client, Beijing, January 29 (Peng Jingru) Recently, due to the news of “mortgage suspension”, some buyers were anxious like ants on the hot pot: “Every bank is tightening?” Can I still borrow money to buy a house normally?” “Will the mortgage slowdown count as my default?” Chinanews.com consulted the mortgage business departments of many banks in Beijing, Shanghai, Guangzhou, and Shenzhen, and found that the tightening or suspension of mortgage loans is not very common, and there are differences between different cities. The “insufficient quota” in the tightening reasons given by the bank is extremely frequent, but it does not mean that lending is completely stopped.
Shanghai, Shenzhen, and other places tightened slightly, Beijing was calm
Housing loans in Shanghai and Shenzhen have indeed been tightened recently, but it does not seem to be as serious as the rumors. “Recent loans will not be very fast. After all, the provident fund has to line up. But in fact, it is not particularly slow. It is normal.” The mortgage business department of a branch of Industrial and Commercial Bank of China in Shanghai said that recently, due to the new policy of the property market, plus housing The transaction volume is large, and it needs to be queued after processing, but the mortgage business is still in the normal process. A staff member of a branch of the Bank of China in Shanghai said that the mortgage lending cycle is indeed a bit slower than before. The entire process was completed one and a half months before, and it may now take two months. A staff member of a branch of China Merchants Bank in Shenzhen told reporters that the current quota is indeed tight and it is difficult to lend money. However, you can find a real estate agent to consult a bank with faster lending, and you can do it directly. Not every bank faces this problem.
In contrast, similar problems rarely occur in Beijing. “My loan is said to be released at the end of January.” A house buyer in Beijing said that banks generally do not lend at the end of the year. When the head office has issued a new lending policy, they will continue to lend. The staff of many banks in Beijing said that the current housing loan business is normal, the amount is sufficient as a whole, and the loan time has not been significantly extended. “Shenzhen and Shanghai are under great pressure for the real estate market to heat up. It is necessary to introduce policies to stabilize market expectations.” Song Hongwei, research director of Tongce Research Institute, said that the tightening of housing loans may be affected in many ways, and the introduction of real estate loan concentration management policies Later, the mortgage limit was increased, and some banks will not be able to lend because the limit has hit the line. “In addition, the real estate market in some cities in the fourth quarter of 2020 is heating up significantly, and it is intended to cool down. 2021 is the first year of the ’14th Five-Year Plan’. Stabilizing housing prices is very important, and this is also setting the tone for the real estate market this year.” Song Hongwei said.
Can I still buy a house with a loan?
Generally speaking, just find the right bank. A real estate agent in Shenzhen told a reporter from Chinanews.com that among the many banks that cooperated, some of the banks had tightened funds at the end of the year, and there was indeed not much to be used for lending, but some banks were still abundant, and there was no need to worry too much about buying loans.Spark Global Limited
article links：Buyers on hot pot: Can’t I take a loan to buy a house?
Reprint indicated source：Spark Global Limited information