Sino-Singapore Jingwei Client, August 30 (Wei Wei, Xue Yufei) In recent times, the situation of tight mortgage quotas and rising loan interest rates has appeared in many cities, and first-tier cities, which are market indicators, have also been affected.
The Sino-Singapore Jingwei client learned from commercial banks, home buyers, and real estate agencies that the current mortgage quotas in first-tier cities are relatively tight, and the loan cycle is generally lengthened. The current loan applications for approval will not even be approved until the first quarter of 2022.
At the same time, Guangzhou and Shanghai successively raised mortgage interest rates, and the second home loan interest rate in Guangzhou even exceeded 6%.
In fact, at the middle and end of each year, the bank's mortgage line will be relatively tight. But this year's situation is obviously different. The loan quota has been tight for more than half a year, and it has spread in many cities at the same time.
Industry insiders believe that under the pressure of the "three red lines" of real estate loan concentration management and real estate corporate financing, under the background of real estate not speculating, the tight housing loan quota in the second half of this year will hardly be fundamentally improved.
Source: Photo by Sino-Singapore Jingwei Wan Keyi
The mortgage line is tight and the loan will have to wait until next year
Zhou Ting (pseudonym), who is changing houses, feels the changes brought about by the tight mortgage quota in Beijing.
She told the Sino-Singapore Jingwei client that she "sell one, buy one", first sold the previous house, and then bought a second-hand house, but the buyer who bought her house was delayed in getting a bank loan. , So she can't replace it.
At the beginning of July this year, a branch of Bank of China Beijing Branch issued a loan notice to Zhou Ting. She also transferred the property with the buyer at the end of July. According to the process, the bank should then lend.
But one month has passed, and there is still no accurate news.
The bank’s response is that there is currently no quota, and it will take 2-3 months before the loan can be released. Customers are waiting in line.
"Generally speaking, commercial loans will be faster than provident fund loans, but now it's the opposite. Buyers' provident fund loans may be approved in mid-September, and commercial loans are not clear." Zhou Ting said.
Tight loan quotas and longer loan cycles are not isolated cases.
On August 30, a personal loan manager of a Beijing branch of a joint-stock bank told the Sino-Singapore Jingwei client that the bank had almost no quota for second-hand housing loans in Beijing.
"Currently, our bank's interest rate has not changed, but there is no quota."
"Although there is still a mortgage loan, it will be controlled and the loan time cannot be guaranteed." A personal loan manager of a Beijing branch of a state-owned bank also said, "If you want me to guarantee it, it will definitely be fine in January next year."
The above-mentioned
personal
loan manager revealed that
the bank is currently digesting loans in June, while loans in July and August are still under pressure, and may continue to lend in September and October.
If you apply for a loan in September, you may have to wait until the end of the year, but the bank's loan quota will be tight at the end of each year, and the end of this year is not optimistic, so the possibility of getting a loan next year is relatively high.
He also said that as far as he knows, several other state-owned banks basically have to wait three months for external responses.
A personal loan manager of a branch of a joint-stock bank in Shanghai told the Sino-Singapore Jingwei client that Shanghai’s second-hand housing loan quota is also relatively tight, and it is determined by the lower of the online contract price, the bank’s evaluation price, and the tax-related evaluation price. The total price of the house, and then the approved loan amount, the loan amount is less than before.
"The time for lending is not always certain. It depends on each bank's quota. Our bank generally meets the lending conditions this month, and there will be no problem with lending next month."
The Sino-Singapore Jingwei Client noticed that since the second quarter of this year, there have been endless reports of bank mortgage quotas and even suspension of loans, and they continue to this day.
The China Securities Journal reported on August 29 that the customer manager of a Shenzhen stock-holding bank branch said: "Now all major banks are tightening mortgage loans, and the loans are not so fast. The fastest one has to wait 6 to 8 months. The amount at the beginning of the year. More abundant, the loan rate will be faster."
On August 3 this year, the Southern Metropolis Daily quoted the relevant person in charge of the Guangzhou branch of the Bank of China as saying that under the influence of regulation, the bank's mortgage quota has been reduced to a certain extent, and the time limit for lending has been slowed down.
The bank conducts orderly lending in accordance with the submission time and approval status of loan customers' application materials.
The relevant person in charge of the Bank of Communications also said that the current Guangzhou area housing loans are still relatively tight, and the bank arranges the loans in an orderly manner in accordance with the monthly regulatory requirements.
There are cities with a second home loan interest rate over 6%
On August 20, the new loan market quote rate (LPR) was announced. The 1-year LPR was 3.85%, and the 5-year or more LPR was 4.65%. This is the 16th consecutive month that LPR has "stayed in place".
Although LPR is standing still, mortgage interest rates in first-tier cities are on the rise.
Earlier news said that in mid-August, the first home loan interest rate in Guangzhou rose across the board, most of which were implemented at 5.85%, subject to bank approval.
This is the fifth time since this year that Guangzhou has raised interest rates on housing loans as a whole.
At present, the mainstream first and second home loan interest rates in Guangzhou are above 5.85% and 6.05% respectively.
According to the Southern Metropolis Daily, Bank of China’s Guangzhou first and second home loan interest rates are implemented at not less than LPR basis points plus 120BP and 140BP respectively. The guide prices for the second set of interest rates are LPR+90BP, LPR+110BP, namely 5.55% and 5.75%, and will fluctuate on the basis of the above-mentioned guide prices; the interest rates of the first set and second set of houses implemented by the Agricultural Bank are the same as those of ICBC; CCB Guangzhou The regional first home interest rate is LPR+100BP, and the second home interest rate is LPR+120BP, which is 5.65% and 5.85% respectively.
Since July 24, the first home mortgage interest rate in Shanghai has risen from the previous 4.65% to 5%, and the second home mortgage interest rate has risen from 5.25% to 5.7%.
The Sino-Singapore Jingwei client consulted with many banks in Shanghai and confirmed that the above interest rates have been implemented.
Through the understanding of many bank loan managers and real estate agents, Beijing’s current first and second home loan interest rates are relatively stable, maintaining at around 5.2% and 5.7% respectively.
The aforementioned personal loan manager of a Beijing branch of the state-owned bank said that there may be individual banks requesting customers. If customers want to make loans faster, the interest rate should be slightly higher, which is equivalent to a condition.
Will the tight mortgage limit get better?
Recently, listed banks have intensively held interim performance conferences. Banks generally stated that they will strictly control the scale and proportion of real estate loans in accordance with regulatory requirements, and implement management requirements such as monitoring the concentration of real estate.
Guo Shibang, deputy governor of Ping An Bank, said:
"Our two indicators are far from the regulatory requirements, but this does not mean that we have the opportunity. It does not mean that many real estate loans can be issued immediately, but the regulatory requirements must be followed. "
Source: Photo by Xue Yufei, Sino-Singapore Jingwei
Major banks have stated
in
their interim reports and performance conferences that
in terms of business structure, they will give priority to supporting the demand for housing purchases for rigid and improved housing.
Jin Tian, a senior researcher at the Institute of Digital Economy, Zhongnan University of Economics and Law, pointed out in an interview with the Sino-Singapore Jingwei Client that from previous years, banks generally determine various credit lines at the beginning of the year, and then continue to occupy the corresponding lines during business development. If some business lines are used faster, they will be tightened.
Therefore, the mortgage quota in the second half of the year is tighter than that in the first half, which is manifested in the slowdown in lending speed or rejection of some business acceptance.
Jintian believes that, judging from the situation this year, the mortgage business in the first half of the year is already in tight balance.
On the policy side, banks need to re-evaluate the market risks and policy risks of the real estate market and mortgage business. In particular, banks with more aggressive pre-mortgage loans, consumer loans, and operating loan businesses will slam the brakes; in the market, the demand for housing purchases in first-tier cities remains Stronger, aggravated the imbalance between supply and demand in the mortgage market.
Dong Ximiao, the chief researcher of Merchants Finance and a part-time researcher of the Institute of Finance of Fudan University, told the Sino-Singapore Jingwei client that in general, the ownership of first-hand housing is clearer, the loan process is simple (no need to evaluate), and the loan period is flexible (not affected by the age of the house). Restrictions); Moreover, in cooperation with developers, first-hand housing loans are easy to operate in batches.
Therefore, banks are more inclined to issue first-hand housing loans when the amount is limited.
When will the tight housing loan ease?
On August 23, Yi Gang, Governor of the People's Bank of China and Director of the Office of the Financial Stability and Development Committee of the State Council, presided over a symposium on analyzing the monetary and credit situation of financial institutions to study the current monetary and credit situation and plan the next step of monetary and credit work.
The meeting proposed to
link up credit work in the second half of this year and the first half of next year
.
"On the whole, the speed of credit provision will be accelerated, compared with the first half of the year, and some cross-cycle design methods will be adopted. It is not ruled that some loans planned for the first half of next year may be released in advance to the second half of this year." Dong Ximiao said.
At the same time, Dong Ximiao emphasized that
despite the acceleration of credit allocation, it is not that funds will flow to the real estate market. The overall credit scale is looser, which may have some positive effects on banks' mortgage investment
.
"In the next few months of this year, the housing loan situation may improve slightly, but there will be no fundamental changes, because under the background of housing not speculating, the pressure of loan concentration management is still there, and real estate companies have three red lines for financing. There are also requirements for the acceleration of bank credit in the second half of the year, but it mainly serves small and micro enterprises, green development, rural revitalization and other fields." Dong Ximiao said.
(Zhongxin Jingwei APP)
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