Some banks in Beijing canceled 70 percent two mortgage rates to float

Authorities 24th to China Securities News reporter disclosed that recently some banks in Beijing have or will soon be the first set of personal mortgage 70 percent interest rate to 85 percent, two mortgage rates rose to the benchmark lending rate, the future may continue to float. A large state-owned commercial bank Personage said that the bank in Friday has been formally below, clear in Beijing to buy the first housing, the original can apply for the 70 percent interest rate to rise to 85 percent. "Unless there is a part of the house, if the developer and the designated bank signed a specific credit agreement, the buyer can continue to apply for 70 percent interest rates, the rest will float up to 85 percent." "Two sets of home loan audit will be more stringent. The people also said that in the strict implementation of the State on the second house down payment of no less than 40% per cent, the bank on the two sets of mortgage rates will be raised to the lending benchmark interest rate.　　According to his expectation, there is still the possibility of floating in the future. At the end of 2008, the State Council issued a request, two sets of loans should be implemented 40% down payment, 1.1 times times the interest rate, but the "improved housing" can be based on the first suite 20% down payment, 70 percent rate of the standard implementation. This gives banks a lot of flexibility in the operation of two of mortgages, and the standard requirements for improved housing vary from region to bank.　　Because the current regulatory authorities did not introduce a new mortgage policy, the banks are mostly still operating in the implementation of personal first mortgage 70 percent interest rates, two sets of mortgage 70 percent-1.1 times times policy. Industry insiders said that this is the bank in the market conditions after the changes made by their own choice, in line with the State Council on mortgage rates in strict accordance with risk pricing requirements.　　While individual banks have taken the lead in abolishing the 70 percent mortgage rate concession, other commercial banks may be making similar adjustments and the scope may extend to other regions. A person at Citic Bank said to the China Securities News reporter that, although no formal notice has been received, the 70 percent preferential interest rate policy "may be cancelled at any time." ”