Landing in multiple places! How fragrant is the transfer of second-hand houses with collateral? Normalization. Multiple locations | second-hand houses
The transfer of second-hand houses with collateral is becoming increasingly normalized.
Recently, Shunyi District in Beijing completed its first "transfer of ownership with collateral" business. On the day of processing, Ms. Gao, the buyer, Mr. Li, the seller, and the Beijing branch of Bank of Communications reached an agreement on the transfer of ownership with collateral under the same loan model, and jointly went to the comprehensive window of the registration center to handle the transfer of ownership with collateral. One hour later, Ms. Gao received the real estate certificate.
Coincidentally, the Shijingshan District Real Estate Registration Center in Beijing has recently completed its first "custody transfer" business. According to incomplete statistics from China Securities News reporters, since June alone, several cities including Luzhou City in Sichuan Province, Zhangjiakou City in Hebei Province, and Wenshang County in Jining City, Shandong Province have implemented the first "custody transfer" business.
It is worth mentioning that currently, the interbank application of "transfer of ownership with collateral" is more convenient, and many places support the application of "transfer of ownership with collateral" housing provident fund loan business. In the opinion of experts, "transfer with collateral" has a certain promoting effect on the recovery of the second-hand housing trading market.
Carry out "custody transfer" in multiple regions
"This new measure is great! You don't have to pay off the bank loan in advance, and you don't have to go through the process of releasing the mortgage. The house can be transferred smoothly, which is really convenient! On June 28th, the first" transfer with mortgage "business in Zhangjiakou City was successfully completed, and Ms. Sheng, a citizen, couldn't help but sigh after completing the business.".
The so-called "transfer of real estate with collateral" refers to the transfer registration of mortgaged real estate, which can complete procedures such as transfer, re mortgage, and issuance of new loans without the need to repay old loans in advance or cancel mortgage registration, achieving effective connection between real estate registration and mortgage loans.
According to the Ministry of Natural Resources in March, more than 100 cities in 15 provinces across the country have carried out real estate transfer with collateral.
It is worth mentioning that previously, "transfer of ownership with collateral" was mainly limited to internal transactions within the same bank, and the procedures for cross bank transactions were more complex, requiring both buyers and sellers to be pure commercial loans to be processed. However, these issues are gradually being resolved in many places.
Recently, the Xiamen Housing Security and Housing Management Bureau announced that after the commercial loans for second-hand housing transactions can be transferred with collateral, Xiamen will officially implement the "transfer with collateral" housing provident fund loan business for second-hand housing from July 1 this year. Employees who meet the conditions for housing provident fund loans can apply for housing provident fund loans at the housing provident fund loan acceptance agency after reaching an agreement through negotiation between the buyer and seller to complete the transfer registration of second-hand housing notice through the Xiamen Real Estate Registration Full Process Online System.
"Previously, the seller had to repay the original housing loan and release the mortgage. After both parties registered the transfer, the buyer could apply for a housing provident fund loan. Now, the seller does not need to raise repayment funds to settle the housing loan in advance, and the buyer can apply for a housing provident fund loan," said a staff member of the Xiamen Housing Security and Housing Management Bureau.
Save economic costs
Since the release of the notice on collaborative efforts to provide convenient and beneficial services for real estate "transfer with collateral" in March this year, many regions have gradually clarified the specific process of "transfer with collateral", and multiple banks have announced the landing of the "first order", which has played a role in facilitating and benefiting the people.
On May 31st, the former Beijing Banking and Insurance Regulatory Bureau announced that the interbank "transfer with collateral" in the Beijing area has entered the online track. The interbank "transfer with collateral" based on the Beijing Financial Comprehensive Service Network was successfully completed in late May at the Mentougou District Real Estate Trading Center. In addition, the transfer of property with collateral by peers has been normalized in more than 10 banks, and the traded properties involve 8 districts including Tongzhou, Haidian, Chaoyang, Huairou, and Fengtai. At this point, various supporting measures for the "transfer of property with collateral" policy in the Beijing area have been basically in place.
On July 3, the Shenzhen Real Estate Registration Center disclosed that according to statistics, from April 2021 to June 25, 2023, Shenzhen has processed a total of 517 second-hand housing "transfer with collateral" transactions, effectively leveraging the institutional value of "transfer with collateral" for second-hand housing, saving the economic costs of the parties involved, and reducing or saving the "bridge loan" or guarantee fees of the parties involved. The first cross bank transfer with collateral completed in Shenzhen saved 170000 yuan in intermediate costs for the parties involved.
