Second-hand housing mortgage differentiation in Shenzhen: some stock banks lower interest rates and some suddenly suspend business
With the relaxation of policy margins, the willingness of homeowners and home buyers to trade has increased, and second-hand housing transactions in first-tier cities have begun to pick up.
In the context of the relaxation of mortgage loans, the bank's mortgage policies have diverged.
Taking Shenzhen as an example, a reporter from China Business News learned that most small and medium-sized banks are currently making adjustments to mortgage interest rates, and major banks have basically remained stable.
On the other hand, while some joint-stock banks are increasing their second-hand housing loans, some banks have recently temporarily suspended their local second-hand housing loan business.
According to analysis by industry insiders, in view of the different real estate market conditions in different regions, the strategies of various banks are quite different. This type of differentiation is mostly based on the business decisions made by the banks themselves in accordance with environmental changes.
According to the data released by the National Bureau of Statistics on December 15, the sales prices of commercial residential buildings in 70 large and medium-sized cities in China continued to decline in November. Among them, the price of second-hand housing in Shenzhen has declined for 7 consecutive months.
However, with the relaxation of policy margins and the increasing willingness of homeowners and buyers to trade, second-hand housing transactions in Beijing, Guangzhou, Shenzhen and other cities have begun to pick up.
Two major divisions in bank mortgages
Previously, China Business News reported that some small and medium-sized banks in Shenzhen have recently adjusted the interest rates for personal housing loans. Under the principle of "one policy, one policy", the first set of new housing interest rates can be reduced to 4.95%, but the overall interest rate remains at 5.1%～5.15%. .
Several real estate intermediaries told the CBN reporter that several joint stock banks, including China CITIC Bank and China Guangfa Bank, have room for negotiation, but ultimately it depends on the results of the communication between the bank and the developer and the qualifications of the buyers.
In contrast, although the Industrial and Commercial Bank of China, Construction Bank, Agricultural Bank, and Bank of China have speeded up their lending time, their loan interest rates have not loosened.
Judging from the details of the interest rates of the cooperative banks provided by the intermediaries, most banks still have a unified external standard of 5.1% for the first set of interest rates and 5.6% for the second set.
In addition to the differentiation between major banks and small and medium banks, individual small and medium banks also have different attitudes towards second-hand housing mortgage loans.
"Recently adjusted, the first set of second-hand houses is 4.95%, the second set is 5.45%, and the new houses are still the first set of 5.1%, and the second set of 5.6%." The personal loan manager of a branch of Ping An Bank in Shenzhen said that at this stage, I hope to guide everyone to buy second-hand. Housing, reduce the number of new houses built.
Prior to this, China Guangfa Bank also made adjustments to second-hand housing loans.
An account manager of Shanghai Pudong Development Bank revealed that its branch received a branch notice on December 16 to suspend the second-hand housing loan business of all local branches.
Prior to this, the new house loan of the branch only retained the business corresponding to the developer's access bank, and the bank no longer directly accepted personal mortgage business.
"We will not accept second-hand housing business for the time being, and we may do it again early next year. The specific reason is not clear, and it should not be the reason for the loan line." The account manager added.
A local real estate agency in Shenzhen also said: “New houses still depend on how the developer and the bank talk about it. There are indeed small banks for second-hand houses. The four major banks have not moved. The main reason is that the new house involves a large amount of loan funds. Cooperation is generally to find big banks, and small banks are more competitive in the second-hand housing market.” Some insiders believe that the differentiation of loan policies between large and small banks is reasonable, and small and medium banks have adjusted their business within the policy framework. Flexible, it is difficult to judge specific reasons under the direction of "one city, one policy".
However, some people in the real estate industry believe that the current mortgage is a low-profit business of banks, and it is not ruled out that some banks may temporarily reduce related businesses due to their small second-hand housing business volume and other factors.
Demand for second-hand housing is gradually picking up
Judging from the mainstream trend, the real estate financing and personal mortgage loan markets have improved significantly after many positive signals from the supervision and correction of real estate financing.
Previously, many institutional personnel analyzed that mortgage relaxation in the current environment is the key to stimulating the demand side.
The recent Central Economic Work Conference and the Politburo meeting of the CPC Central Committee proposed to better meet the reasonable housing needs of buyers under the positioning of "housing to live without speculation", and to implement policies to promote a virtuous circle and development of the real estate industry.
Since October, the central bank has separately listed personal housing loan data for two consecutive months. The latest data released on December 13 showed that personal housing loans increased by 401.3 billion yuan in November, an increase of 53.2 billion yuan from October.
It will take a certain amount of time to transmit from the policy side to the demand side, but the initial effects have already begun to show.
Data show that in November, the national commercial housing sales area and sales continued to continue the downward trend, down 14.0% and 16.3% year-on-year, respectively, a double-digit decline for four consecutive months.
However, due to the improvement of the credit environment and other factors, the decline of the two decreased by 7.7 and 6.3 percentage points respectively from the previous month.
However, the China Index Research Institute reminded that the market is still in an adjustment channel, adding that the base figure in December last year was relatively high.
According to data from the Shenzhen Municipal Bureau of Housing and Urban-rural Development, in November, while Shenzhen increased its new house promotion, although the number of second-hand housing transfers continued to decline year-on-year, it rose by 37.76% from the previous month to 2,211 units, ending the more than seven-month decline.
In terms of prices, second-hand housing prices in first-tier cities have bottomed out and rebounded. Shenzhen continued its "7 consecutive decline."
According to the changes in the sales prices of commercial residential buildings in 70 large and medium-sized cities announced by the National Bureau of Statistics, the average sales price in 70 cities continued to decline month-on-month in November, and the year-on-year growth rate fell further.
Among them, in November, the sales prices of newly built commercial residential buildings in Beijing and Shanghai rose by 0.3% and 0.2% respectively, while Guangzhou fell by 0.6% and Shenzhen remained flat; the sales prices of second-hand residential buildings in first-tier cities fell by 0.2% from the previous month, which was 0.2 percentage points lower than the previous month. Beijing, Shanghai, Guangzhou and Shenzhen fell by 0.2%, 0.1%, 0.5% and 0.2% respectively from the previous month. Prior to this, the sales price of second-hand housing in Shenzhen had fallen for six consecutive months.
Author: Qi Ning