When "relay loan" has become a new option for the elderly to buy a house, it also puts forward a new proposition for the handling of family relationships.
Recently, the Beijing Housing and Urban-rural Development Commission announced that for elderly families (aged 60 and above) in the central urban area to purchase three pilot projects in Pingxifu in Changping District, Fuhuan in Shunyi District, and Xuedarenzhuang in Shunyi District, and move their household registration to the location of the pilot project, Give certain support policies.
The Beijing Housing and Urban-rural Development Commission has proposed three measures: if the elderly family has no housing under the name and no loan in transit, the down payment ratio for the purchase of pilot projects is 35% for ordinary housing, 40% for non-ordinary housing, and the corresponding preferential loan interest rate; purchase pilot projects For houses with a size of less than 140 square meters, the down payment ratio for the first house is 35% and the down payment ratio for the second house is 60%; their children can apply for loans as co-borrowers.
According to media surveys, some banks in Beijing can also do "relay loan" business in other non-pilot projects, that is, parents can be the main borrower, and children can be co-borrowers. As long as the parents are qualified to purchase houses in Beijing, the total income of the parents and children will be No less than 2 times the monthly payment.
In fact, in April of this year, there was news that a bank had launched a "relay loan" in Guangzhou; in June, the provident fund "relay loan" implemented in Zhuhai, Guangdong also attracted market attention, which mentioned the implementation of "one-person house purchase and whole family help".
That is to say, employees who have deposited in Zhuhai can use provident funds to help their immediate family members make down payments and repay loans.
The "relay loans" introduced in these places are slightly different, but their main significance is that when eligible people buy houses and borrow, they can enjoy preferential mortgage loans, such as higher loan ratios and better mortgage interest rates.
From this point of view, "relay loan", as a new thing that can be handled voluntarily by both parties, provides a new option for people with rigid needs to buy houses, which can reduce their financial pressure, which is a good thing.
At the same time, for families who already have real estate in their names, the "relay loan" to purchase and take out a house through their parents also increases the possibility of investing in real estate.
Therefore, under the realistic background that the basic policy of "housing, not speculating" has not changed, it is necessary to be vigilant against this tendency.
Moreover, for this part of the population, if the existing mortgage has not been repaid, and the "relay loan" is launched, it will inevitably face higher repayment obligations, and it should be done within its capacity.
The "relay loan" model is more complicated than the general loan model. When making decisions, borrowers also need to agree on rights and obligations in advance to avoid conflicts within the family.
After all, the "relay loan" involves at least two generations. As a mortgage loan, it is also a long-term loan.
Two generations with inevitably different values should communicate well in advance to avoid problems as the performance cycle progresses.
In addition, the report mentioned that regarding the loan period, the loan period is 90 minus the age of the older parent. For example, if the parent is 65 years old this year, the loan period is 25 years.
Objectively speaking, the possibility of the elderly dying before the loan repayment period expires cannot be ruled out.
In this case, the repayment obligation falls solely on the children.
For families that rely more on the monthly income of the elderly to repay their loans, they need to anticipate and respond to this.
It should be noted that the target of the "relay loan" is the elderly, and the property corresponding to the "relay loan" is also registered in the name of the elderly.
In my country, the default legal inheritance system is implemented.
That is, after a person dies, the estate defaults to the deceased's spouse, parents, and children.
Therefore, children who become co-borrowers or even the only substantial contributors and repayers will not automatically become the co-owners or the only heirs of the real estate, but may need to be divided equally with other legal heirs.
People can, of course, decide the ownership of the property through a will, but the elderly as the owner also have the right to make a will to give the property to someone other than the children who are jointly repaying the loan.
Although anyone who inherits the property needs to inherit the deceased's debt to the bank, that is, the mortgage repayment obligation, rather than just taking benefits; the existence of this situation is still the biggest uncertainty that "relay loans" may face.
In addition, the "relay loan" also puts forward a new proposition for the relationship between the couple's family, and there are many factors that need to be considered in advance.
All in all, as a new thing, "relay loan" is worthy of recognition under the current market situation, and it is also worth observing whether its follow-up can meet the purchase needs of specific groups with rigid needs.
Since the "relay loan" has set certain thresholds and needs to meet the corresponding conditions, it will not lead to the ups and downs of the housing market.
However, for the vast majority of families applying for "relay loans", this will still be a major event, and it is worthy of the parties' prudence.
This includes not only thinking about whether to borrow money and how much to borrow, but also making reasonable arrangements for family relations.
□ Miao Yinzhi (scholar)