BOC says mortgage hike not across

BOC recently adjusted the interest rate on mortgage, a large number of housing loans face "be raised interest rate", will increase the interest payments for homebuyers, which caused many customers worry. Bank of BOC said the adjustment was not across, mainly for the part of the client who signed the supplemental agreement.　　The legal profession believes that if the loan contract does have an agreement on the way the interest rate is adjusted, the bank does not default.　　In addition, the Chinese securities newspaper reporters call ICBC, CCB, ABC, investment, People's livelihood, Huaxia Bank, the relevant people have said that the current housing policy has not been adjusted. "Raised interest rate" points to "supplemental agreement" Bank of China recently issued new mortgage rules, announced the increase in the rate of mortgage loans.　　According to the agreement with the customer interest rate adjustment, the maturity of the first set of stock, two sets, three sets and above the rate of floating mortgage rates adjusted to the benchmark rate of 0.85 times times, 1.1 times times and 1.2 times times respectively.　　After the calculation, 1 million yuan of personal housing loans, in accordance with the 20% down payment, loan period of 30, after the interest rate adjusted to the benchmark rate of 0.85 times times, the total amount of interest paid will increase by more than 150,000 yuan, the monthly customer will spend more than 425 yuan. The increase in interest payments raises questions about whether "unilateral changes in the margin of preference are breached".　　Bank of China, the official said the bank's interest rate adjustment, will certainly be in accordance with the provisions of the contract to implement. The adjustment of the interest rate concession for bank stock loan is not across. "The interest rate adjustment is mainly aimed at the part of the client who signed the supplemental agreement. "BoC said that in order to implement the State Council's revitalization of the real estate market policy, BOC to the October 27, 2008 (including) before the first set of housing loans, such as the rate of implementation of the benchmark rate of 0.85 times times, the borrower in the repayment period without bad repayment record and the date of adjustment is not overdue,　　The borrower may apply for the interest rate concession business. Subsequently, BOC and some of the stock of mortgage customers signed a supplementary agreement, the preferential adjustment of some customers to the benchmark rate of 70 percent implementation. "Bank of China in the supplementary agreement signed with some mortgage clients, clearly defined the implementation of the benchmark interest rate on the stock loan adjustment of the effective period." That is, the expiration of two years from the date of entry into force of the supplementary Agreement. The Bank of China told the Chinese Securities News reporter. The crux of the problem is that the contractual "lender has the right to determine the interest rate floating ratio and expiry date of the borrower in accordance with the relevant regulations promulgated by the Bank and the person." Obviously, the adjustment of the Bank was "a prior engagement". The Chinese securities News reporter consulted the legal profession in this regard.　　They say it is not a default if the loan contract does have an agreement on how to adjust the rate of interest. However, in the contract entered into in 2009, many of the bank's regional branches did not cover or clear the 30% level of floating rate is adjustable, including Beijing, a number of regional branches have not introduced implementation rules.　　The person warned that direct access to mortgage 70 percent preferential policies of customers do not panic. The model of the loan contract which is widely implemented in Beijing, BoC made clear that the lending rate was a floating rate, "the current rate of this contract is 30% below the base rate."　　Experts said that the banks in the signing of the loan contract will have a certain "gap" in the floating rate, according to macro-policy changes to adjust the mortgage policy is very normal. The experts believe that the pricing of mortgage rates should be given to the market, rather than administrative. According to their own business strategy, the shareholders agreed to "discount promotions" or "hike" is beyond reproach.　　In fact, Bank of China wants to "raise interest rate" is also very difficult, discount rate is the country in order to deal with the financial crisis, one of the stimulus policy, now if you want to change the base rate agreed in the contract on the basis of the established preferential margin, will undoubtedly cause great criticism. Other banks are still waiting to see "Bank of China's stock lending rate adjustment policy in the Chinese banking industry is the fastest, the strength is clear and strong."　　"Southwest Securities analyst Li Lichun said that the implementation of the policy is mainly to raise the level of the stock mortgage as quickly as possible, so that the positive impact of the new deal on performance quickly reflected."　　However, there are bankers who do not understand the move, the mortgage is still a good bank assets, so that the damage to old customers, in other banks, the pace of adjustment has not been followed, may trigger more mortgage, prepayment, resulting in loss of market share. When the bank of China took the lead on the old customers "knife", whether other banks will "follow the bandwagon" to compress the interest rate concessions on mortgage loans?　　China Securities News reporter Call ICBC, CCB, ABC, investment, People's livelihood, Huaxia Bank, the relevant people have said that the current housing policy has not been adjusted.　　Monetta, an independent research institute, said that it was a general trend for banks to raise their mortgage rates in the broader context of tighter credit lines and regulatory policies that do not support large mortgages. They calculate that, at the entire industry level, all 4.85 trillion of the total mortgage loan balance, 70 percent discount rate is difficult to adjust the part of about 2 trillion yuan, adjustable stock mortgage balance close to 3 trillion yuan. According to the market share of the listed bank's mortgage loan is approximately around 60%, it is estimated that there are about 1.8-2 trillion yuan in the stock mortgage loan, and the interest rate is gradually raised.