Hangzhou Bank tightens minimum discount on first mortgage is hard to find

Yesterday, the construction Bank of Zhejiang Province, the relevant people confirmed that the Bank of China Branch issued a notice to all branches of the country, for loans to buy the first set of ordinary housing customers, a down payment of more than 40% to enjoy 70 percent discount rate, if a down payment of 20%, can only enjoy 85 percent interest rate concessions.　　In addition to CCB, reporters through a number of bank outlets and a number of intermediary companies to understand that, although the government departments did not announce last year's mortgage preferential policy is coming to an end, but recently most banks have tightened more or less the first mortgage preferential policy, the previous down payment 20%, interest rate 70 percent discount, now difficult to　　CCB tightens first set of mortgage concessions Mr. Wang recently in Chengxi a district of a 110 square meters of second-hand housing, because he had not previously loans to buy houses, when the intermediary company told him, down payment can be 20%, the interest rate can enjoy 70 percent discount.　　But yesterday, Mr. Wang received a call from the intermediary company, said that the banks these days have tightened mortgage preferential policies, down payment must be more than 30% to enjoy 70 percent discount on interest rates. In fact, Mr Wang's situation is not an exception.　　Since this month, many buyers in the mortgage loans, have found that the bank's loan threshold has increased a lot, after two sets of loans policy has been tightened, the bank on the first mortgage concessions also began to tighten rapidly. Yesterday, the construction Bank of Zhejiang Province, the relevant personage confirmed to reporters, CCB has recently issued branches across the country to give notice to tighten the first set of housing preferential policies.　　The specific policy is: for loans to buy the first set of housing customers, if a down payment of 20%, the interest rate will be raised to 85 percent, the down payment ratio reached more than 40% to enjoy 70 percent interest rate concessions.　　CCB Qianjiang Branch, a credit manager also said that starting last week, the policy has begun to implement, the purchase of the first set of housing customers, if the down payment ratio of less than 40%, it is impossible to get 70 percent interest rate concessions. It is worth mentioning that the CCB mortgage business in the domestic banks have maintained a leading position.　　CCB released this year's semi-annual data show that as of June 30, CCB personal housing loan balance of 714.92 billion yuan, the balance, increase the amount continue to maintain the leading position. Analysts said that if the bank's first mortgage policy changes, will have a greater impact on other banks related policy orientations.　　Whether this means that the first mortgage rate policy will be canceled at the end of the year, is still uncertain. The minimum offer is hard to find. The existing personal housing loan preferential policy was introduced in October 2008, the government hopes to take this policy to deal with the impact of the real estate market demand decline caused by the financial crisis.　　According to the central bank regulation, starting from October 27, 2008, the lower limit of commercial personal housing loan interest rate is enlarged to 70% of the loan base rate, and the minimum first payment ratio is adjusted to 20%. Prior to the news that the Nanjing branch of China Merchants Bank received a notice issued by the headquarters, the first set of mortgage interest rate concessions from 70 percent to 80 percent.　　Last week, there were rumours that the bank of communications had raised the first mortgage rate. At present, in addition to CCB, Hangzhou other banks yesterday said that the firstThere have been no adjustments to the housing policy.　　But the reporter through the hangzhou part of the bank's business outlets and a number of intermediary companies to understand that most recent banks have tightened the first set of mortgage preferential policies, down payment 20%, interest rate of 70 percent of the minimum discount, now has been difficult to find traces. China Merchants Bank Deep Blue branch a credit manager said that the current bank for 140 square meters below, 60 square meters above the first housing, down payment must be more than 30%, in addition to high-quality customers, ordinary customers can only hit the loan rate of 75 percent. "Ordinary customers who wish to enjoy a 70 percent interest rate discount must also purchase a certain amount of financial products and funds, or some other business."　　"At the same time, consider the credit record, the risk situation and the borrower's repayment ability to determine the level of the loan interest rate," the loan manager said. Hangzhou, a number of intermediary companies also said that at present, the Bank of more than 140 square meters of ordinary residential, and 60 square meters below the small old room, the loan requirements more stringent, not only the down payment must reach more than 40%, interest rate concessions can only play 85 percent.　　At the same time, for 60-140 square meters of ordinary housing, has recently increased the threshold of loan concessions. Residential real Estate in Zhejiang province, said: "The current area of 60-140 square meters of second-hand housing loans down to at least 30%, to enjoy a 70 percent discount rate."　　"To a set of 1 million yuan of second-hand housing for example, the loan policy adjustment, the first payment from the previous 200,000 yuan adjusted to 300,000 yuan, increased by 50%." According to the Yi Ju letter, I love my home, the spirit of the housekeeper and other intermediary company statistics, from October 1 to November 11, 60 square meters below the turnover of the total volume of 42.42%, 140 square meters of turnover accounted for the total turnover of 8.29%,　　and 60-140 square meters of turnover accounted for 49.29% of the total turnover, accounting for nearly half.　　Rigid demand for home purchase concessions have been a single bank of the first set of mortgage policy changes, will inevitably make the people are planning to buy a house worried. If according to the current 5-year loan interest rate 5.94%, the interest rate after 70 percent is 4.158%, 85 percent after 5.049%. A sum of 1 million yuan 20-year loans, enjoy the 70 percent interest rate concession when the month for about 6144 yuan, the total interest in 20 is 470,000 yuan.　　The implementation of 85 percent interest rate, the monthly increase of 6627 yuan, increased by 483 yuan, the total interest also increased to more than 590,000 yuan, buyers need to pay more than 120,000 yuan.　　Because see the preferential policy changes brought about by the increase in interest, a lot of rigid demand for home buyers have been decisively under a single, Hangzhou second-hand housing volume and the average price also homeopathy.　　According to statistics, the first week of November Hangzhou City second-hand housing price breakthrough 17000 yuan/square meters, October the last week of second-hand housing daily turnover breakthrough 200 sets. Prosperity Butler related officials said: "Many people expect the end of the home purchase preferential policy will be announced, so there is a considerable part of the rigid demand for the last bus to catch policy andThe order is enthusiastically. "At the same time, intermediary companies to encourage customers decisively under the single," the first set of loans must be tightened, down payment to improve, 70 percent interest rates do not enjoy, to catch the end of preferential policies to hurry! "Now do not buy, after two months to buy, loan interest to increase by a hundred thousand of Yuan."　　"In recent days, the intermediary to continue to wait and see customers to call," report "Recent developments, played a sign to buy the quickest." At the same time, there are room industry experts said that once the minimum 70 percent discount rate is no longer implemented, equivalent to a 10% increase in the cost of the loan, in the current situation of high housing prices, will play a strong role in suppressing the new demand, at least more than 60% people will affect, resulting in delayed home purchase, to curb the rapid rise in prices will also play a role.