Heavyweight! You don't need to subscribe to a loan when buying a house! Ningbo has already been executed by banks
On the evening of August 25th, the reporter obtained information from a large local real estate agency that they have received notifications from individual banks that they will immediately implement the new policy of "not requiring loan recognition" for the first home loan required by the Ministry of Housing and Urban Rural Development, the People's Bank of China, and the State Administration of Financial Supervision.
Specifically, as long as the house you want to buy is the first home in the location of purchase, regardless of whether the family has a mortgage or not - even if there is a mortgage in other cities that has not been settled yet, you can enjoy the first home loan policy, with a down payment of 20% and an interest rate of 4%.
Previously, major banks in Ningbo had to "subscribe" to housing loans when approving them. If the credit report shows that a housing loan has not been settled, even if the corresponding house is in another city in China and there is no house in Ningbo, it will be counted as having an existing house before purchasing a second house.
At present, only two banks are known to have started implementing the new policy of "recognizing houses without recognizing loans", and real estate agents have stated that they need to pay attention to whether other banks will follow up in the future.
Citizens who are planning to purchase a house in the near future are advised to consult with the mortgage application bank for specific mortgage policies.
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On August 5th, the Ministry of Housing and Urban Rural Development, the People's Bank of China, and the State Administration of Financial Supervision jointly issued a notice on optimizing the standards for determining the number of housing units in personal housing loans, promoting the implementation of the policy measures of "not recognizing loans but recognizing houses" for purchasing first home loans.
The notice clearly states that when a resident family applies for a loan to purchase commercial housing, if their family members do not have a complete set of housing under the local name, regardless of whether they have used the loan to purchase housing, banking and financial institutions will implement the housing credit policy for the first set of housing.
![Heavyweight! You don't need to subscribe to a loan when buying a house! Ningbo has already been executed by banks](https://a5qu.com/upload/images/90b83a0ca1db7d18d537c136024f4582.png)
This policy, as a policy tool, is included in the "One City, One Policy" toolbox for cities to choose independently.
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On August 25th, there was also a new policy in the real estate market - the Ministry of Finance, the State Administration of Taxation, and the Ministry of Housing and Urban Rural Development jointly issued a notice on the continuation of the implementation of personal income tax policies related to supporting residents to purchase housing, clarifying that the policy of "refunding personal income tax for housing exchanges" will be extended until December 31, 2025.
The so-called "exchange and refund of personal income tax" refers to the preferential refund of personal income tax paid by taxpayers who sell their own housing and repurchase housing in the market within one year after the sale of their current housing.
Previously, the validity period of this policy was from October 1, 2022 to December 31, 2023. The announcement from the three departments today will be extended for an additional two years from January 1, 2024 to December 31, 2025, after the end of this year.
The specific policy content is shown in the following figure: