Real estate New Deal and first set of loans Shanghai 70 percent home loan completely out of the market

In recent days, in the subway line Line 2 puxi extension section near the purchase of a set of home from the small house of Miss Xia, in order to 70 percent mortgages almost ran across the Shanghai bank, the result, almost all banks have responded, if the down payment is only 20%, the most favorable lending rate only the benchmark rate of 85 percent. More than a few banks directly rebuffed Miss Xia's loan application, the reason is "the current first suite of loans down the proportion must be 30% and above, 20% down payment of the sale does not do." "Morning News reporter investigation, in the" Property combination boxing "under the blow, the Shanghai bank began to tighten the overall personal housing credit, in the liquidation of speculative buying behavior at the same time, the first suite of loans have not spared, 70 percent of mortgages have been completely out of the market.　　So far, the first set of home loans to the threshold has been generally elevated to the "interest rate 85 percent, down payment of 30%" standards. Multiple rounds of regulation forced credit to tighten from LAX April 17, the State Council promulgated the "about resolutely curb the rapid rise in the prices of some cities" ("New Country 10"), to curb the rapid rise in housing prices, the first set of homes above 90 square meters above the family, down payment must not be less than 30%; , the lending rate must not be less than 1.1 times times the benchmark rate. For loans to buy third and above housing, the ratio of loans to the first payment and the rate of loans should be significantly increased; in areas where commodity housing prices are too high, too fast, and supply is tight, commercial banks can suspend the purchase of third and above housing loans in accordance with the risk situation. In addition, the notice also calls for a moratorium on the purchase of housing loans to non-residents who cannot provide proof of local tax or social insurance payments for more than 1 years.　　By the industry called "the most stringent regulatory measures in history." Since then, the relevant government departments have also followed the introduction of a series of "property market regulation of the new Deal", prompting the housing market credit quickly "from loose tightening." In fact, before the introduction of the "New Country 10", there were signs of tightening in property lending. Bank of China first issued a notice in early February this year, the first suite of preferential rates from 70 percent to 85 percent. Subsequently, ICBC, Agricultural Bank, CCB and other state-owned large banks also follow up the cancellation of the first suite 70 percent interest rates.　　However, most of the banks at the time were still spared the first set of mortgages, retaining the best margin between 71 percent-75 percent. Small huxing First Suite risk instead of big the property market regulation is mainly aimed at two sets of speculative speculation and above, and the first set of housing policy, only "on the first set of housing than 90 square meters above the family, down payment must not be less than 30%" provisions, obviously, Xiacian purchased more than 50 square meters of their own small huxing should not be under control, according to the current policy, still can get interest rate 70 percent, down payment 20% credit concessions.　　However, due to the abrupt changes in the market environment, Shanghai Bank has also begun to tighten the lending floodgates to this part of the first set of customers from housing. According to the survey, not only the state-owned banks, small and medium-sized banks, the first set of mortgage policy has tightened, the general abolition of 70 percent interest rates. According to the real estate intermediary, currently in the Shanghai market, the first set from the housing (including less than 90 square meters) can only get 85 percent ofPreferential rates, and only a handful of banks, such as CMB, allow customers to down 20%, while other banks require at least 30% down payment. According to a joint-stock Bank Shanghai Branch Credit department head, Shanghai banking industry generally raised the threshold of the first set of mortgages, because in the housing market is not clear, the first suite of buyers default, the risk of bad debts of more than two sets and more buyers, the repayment capacity is also weak. The person in charge also stressed that the current small huxing houses in Shanghai generally have low prices, high unit price characteristics, once the house price falls, default risk is the biggest, and first-time home buyers buy housing is this small huxing.