What's next?, The first shot in first tier cities! Guangzhou officially recognizes houses but not loans
On the 30th, the General Office of the Guangzhou Municipal People's Government issued a notice on optimizing the criteria for determining the number of housing units in personal housing loans in our city. It was pointed out that when a resident family applies for a loan to purchase commercial housing, regardless of whether they have used the loan to purchase housing, banking and financial institutions will implement the housing credit policy for the first housing unit.
On August 25th, 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 criteria 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 the purchase of first home loans. The document clearly states that the policy of "recognizing houses but not loans" is included as a policy tool in the "One City, One Policy" toolbox for cities to choose independently. That is to say, the specific implementation will be decided by each city.
Recognizing a house but not a loan is a long-awaited policy for many professionals and homebuyers in the real estate industry, especially in first tier cities. Because in first tier cities that strictly implement the "housing and loan recognition" policy, as long as there is a record of a housing loan, whether it is settled or not, when purchasing a house again, it will be recognized as a second home, with a corresponding down payment ratio of over 50%. The high cost of purchasing a house poses great limitations on improving the demand and replacing the group.
Yan Yuejin, Research Director of E-House Research Institute, believes that Guangzhou is currently the first city in China to respond to the policies of the three departments, and has fired the first shot of "recognizing houses but not loans". The signal is very strong, which means that first tier cities have truly loosened their grip on this policy, and it will also prompt the other three first tier cities to accelerate the policy formulation in the near future to better implement the policy content of "recognizing houses but not loans".
![What's next?, The first shot in first tier cities! Guangzhou officially recognizes houses but not loans](https://a5qu.com/upload/images/1bcbb5ecd17bd40ded7353a9f43ae777.jpg)
In addition, # Guangzhou's house recognition but not loan recognition # also reached a high position on Weibo's hot search on the afternoon of the 30th. Some netizens said that this move "solves the pressure on many families in need", and many netizens are also concerned about whether this measure will affect housing prices, and whether other first tier cities will follow up.
What is a screenshot of "recognizing a house but not a loan"?
What benefits will it bring to homebuyers?
"House recognition" or "loan recognition" is a reference standard for banks to determine whether it is the first home when issuing housing mortgage loans.
![What's next?, The first shot in first tier cities! Guangzhou officially recognizes houses but not loans](https://a5qu.com/upload/images/962cad2fc8968a7ded957ae41d56e027.jpg)
"House recognition" refers to banks issuing housing loans based on the actual number of housing units owned by the purchasing family in the local area; "Loan subscription" refers to banks determining the loan ratio based on whether the family of the intended homebuyer has a housing loan record nationwide.
The strictest criterion for recognition is "recognizing both the house and the loan", which means that it is not only necessary to check whether the family buying the house has a house under their name, but also whether the family buying the house has a loan record nationwide. Once they have a house or a loan record, they are considered as a second home.
At present, purchasing the first home in various cities across the country enjoys a series of preferential policies, and the down payment ratio and mortgage interest rate for the first home are significantly lower than those for the second home. In short, if identified as the first home, the purchase threshold will significantly decrease, and vice versa, it will significantly increase.
Zhongxin Jingwei Comprehensive Public Information, Xinhua News Agency, First Finance and Economics, etc
![What's next?, The first shot in first tier cities! Guangzhou officially recognizes houses but not loans](https://a5qu.com/upload/images/c879bdaba2bab283b02f02227888946d.jpg)