Beijing, 3 Mar (ZXS) -- Real estate such as houses that have been mortgaged can be directly "transferred with collateral" without repaying the loan in advance.

The Ministry of Natural Resources of China and the China Banking and Insurance Regulatory Commission recently issued the Notice on Coordinating the "Transfer with Mortgage" of Real Estate to Facilitate the Services of Enterprises for the People and Enterprises. The notice pointed out that it is necessary to deepen the cooperation between real estate registration and financial convenience for the people and enterprises, and coordinate to do a good job in the "transfer with mortgage" of real estate.

"Transfer with mortgage" of immovable property means that, according to the Civil Code of the People's Republic of China, when the mortgaged immovable property is sold and transferred, the procedures such as transfer, remortgage and issuance of new loans can be completed without the need to repay the old loan in advance and cancel the mortgage right, so as to realize the effective connection between real estate registration and mortgage loan.

Before the implementation of the "transfer with mortgage" of real estate, for enterprises and the public, if the mortgaged real estate was bought and sold, it was necessary to raise funds to repay the loan, handle the cancellation of the real estate mortgage, and then handle the transfer of real estate, apply for a new loan, and handle the registration of new mortgage, which not only had high transaction costs and long time, but also had cumbersome and complicated processes.

Zhao Yan, deputy director of the Natural Resources Rights Confirmation and Registration Bureau of the Ministry of Natural Resources, said on the 30th that after the reform of "transfer with charge", it can greatly save the transaction time of real estate, reduce the difficulty of transaction and transaction costs. For example, after Jinan introduced the reform of "transfer with mortgage" for real estate, the processing time was reduced by nearly 10 working days, and the settlement was achieved in about 2 working days, and the average transaction cost of a single transaction dropped from about 1,2 yuan (RMB, the same below) to less than <>,<> yuan.

Zhao Yan said that by strengthening the coordination of registration and finance, promoting the "mortgage transfer" of real estate in the country, on the one hand, it can reduce institutional transaction costs, on the other hand, it can protect the rights and interests of buyers and sellers, mortgagors, mortgagees and other parties, and meet the needs of enterprises and people for high-quality and efficient protection of property rights, which is not only an important reform measure to optimize the business environment in the field of real estate registration, but also a measure to promote high-quality economic and social development.

According to reports, at present, more than 15 prefectures and cities in 100 provinces have carried out real estate "transfer with mortgage", handling more than 1,3 transactions in total, of which Tianjin, Shanxi, Shandong, Jiangsu, Zhejiang, Fujian, Hubei and other provinces have been fully carried out.

In practice, three modes of "transfer with mortgage" have been mainly formed, including the combination mode of new and old mortgage rights, the segmentation mode of new and old mortgage rights, and the mode of mortgage change. The circular requires all localities to determine appropriate handling modes in light of local realities, and continuously enrich and develop them in light of practice. (End)