Many banks suspend new and second-hand mortgage business "accepting orders". Mortgage lending may still be tight during the year
Our reporter Peng Yan
Following the rise in mortgage interest rates in many hot cities, recent news about the "stop lending" of second-hand housing in many cities has sparked heated discussions.
In this regard, the "Securities Daily" reporter investigated and learned that among the hot second-tier cities, Nanjing, Zhengzhou, Chongqing, Wuhan, Hangzhou, Hefei and other cities have experienced tightening of bank mortgage business: some banks have suspended their second-hand housing loan business, and even some The bank suspended the acceptance of new house mortgage business.
Yan Yuejin, research director of the Think Tank Center of E-House Research Institute, said in an interview with a reporter from the Securities Daily that, in fact, the suspension of loans is related to the amount of loans.
While implementing the real estate loan concentration management system, all localities naturally need to strictly control loans.
As for loans, loans for second-hand housing are generally stopped first, and then first-hand housing is strictly controlled.
"In addition, there has been a lot of chaos in second-hand housing loans, especially in businesses such as bridge loans. Related departments have also conducted supervision. Through the control of such loans, the standardization of loan business can be promoted to a large extent, and some Real estate speculation.” Yan Yuejin added.
Some banks have closed
New house and second-hand house loan business
According to media reports, in the hot second-tier cities, Wuhan has also tightened its personal housing credit business. Some banks will temporarily not accept new housing and second-hand housing provident fund business, and some banks have suspended accepting second-hand housing business.
The tightening of housing loans in Wuhan is a microcosm of changes in national real estate credit policies.
The "Securities Daily" reporter learned that the amount of loans for second-hand houses in many cities has been tight, and the loan period has been extended to three to four months, and some banks have even stopped handling new and second-hand housing loans.
Many insiders in the banking industry said in an interview that the bank's suspension of mortgage business is mainly related to the tightening of loan lines.
Personal loan managers of some banks in many hot cities in Guangdong told reporters: “Currently, they don’t accept second-hand housing loans. Many state-owned bank outlets have no quota for second-hand housing loans.” The personal loan manager of a joint-stock bank in Wuxi told the Securities Daily. The reporter said: "The current loan cycle for second-hand housing is at least three months."
During the interview, the reporter found that not only second-hand housing mortgages were tightened, but also new housing mortgages were also tightened.
"Due to the tight quota, the mortgage business for new and second-hand houses has been suspended, and the second-hand house loan processing business has been scheduled to 2022." A personal loan manager of a major state-owned bank in Nanjing told reporters.
At the same time, buyers in many cities also told reporters that it is currently difficult and slow to approve mortgages when applying for mortgage loans from banks.
In this regard, Yan Yuejin told a reporter from the Securities Daily that the suspension of loans or the obvious lengthening of the loan cycle has actually caused a certain impact on landlords and home buyers, and the contract management of intermediaries is also under pressure.
For home buyers, a reasonable budget and house purchase plan should be arranged.
"Securities Daily" reporter combed and found that from the property market data, since the beginning of this year, the current housing loan tightening cities are all hot cities where the property market has heated up too quickly this year, and the market transaction volume or price has increased.
For example, Guangzhou, Wuhan, Chongqing, Hangzhou, Nanjing, Hefei, Huizhou, etc.
According to data from the National Bureau of Statistics, in hot cities, the price of second-hand new houses in Guangzhou also rose in May.
Among them, the price of new homes rose 1.5% month-on-month and 11.2% year-on-year; the price of second-hand homes rose 0.9% month-on-month and 13.5% year-on-year.
In May, the price of new homes in Chongqing led the way with a month-on-month increase of 1.9% and an increase of 8% year-on-year. The price of second-hand housing increased by 1.1% month-on-month and 5.1% year-on-year.
"The reason behind the tightening of housing loans in the cities mentioned above is that the demand for housing loans is too large." Zhang Dawei, chief analyst of Centaline Property, said in an interview with a reporter from the Securities Daily. Because most of the new houses are related to development loans, the follow-up market will have an impact on second-hand housing loans. The biggest, especially in southern cities, difficulty in lending second-hand housing loans is likely to become the norm.
Housing loan quota in the second half of the year
Will continue to be nervous
Professor Pan Helin, executive dean and professor of the Institute of Digital Economy of Zhongnan University of Economics and Law, said in an interview with a reporter from the Securities Daily that the policy has been tightened on the mortgage line, such as requiring banks to reduce the amount of real estate loans and loans based on the credit structure. The proportion of mortgages.
This has made the real estate credit line tighten, and at the same time, localities have further restricted real estate credit according to their actual conditions.
Yan Yuejin analyzed the "Securities Daily" reporter and said that there are indeed pressures on loans in some hot cities at present. This is reflected in two points: First, it is mainly to digest the stock, that is, the unapproved loans that have been stranded in the past need to be issued faster, which also makes the new increase. The loan business is relatively slow; secondly, the implementation of differentiated control, from the actual process, the control of new houses is less, and the control of second-hand houses is more.
In the second half of this year, will the tightness of bank mortgage lines ease?
Pan Helin believes that housing loan quotas will continue to be tight in the second half of the year, and housing credit will be further tightened until real estate prices begin to trend parallel or downward.
Against the background of the current upward cycle, the overall policy for cooling real estate will not change. Banks and other financial institutions need to further adjust their credit structure.
"Generally, loans will be tight in June and December every year, so it is normal for loans to tighten in June this year. The increase in loan interest rates in 2021 is also likely to become a trend." Zhang Dawei said. (Securities Daily)