Beijing Municipality, Circular on the Implementation of Differential Policies for Personal Housing Fund Mortgage Loans
北京市关于实行住房公积金个人贷款差别化政策的通知
April 25, 2013 | BY
CLP Temp &Beijing is the first city to raise the down payment rate for housing.
Issued: April 7 2013
Effective: April 8 2013
Main contents: For a loan applicant who is applying for a loan to purchase a second residential premises unit, the down payment for the loan shall be increased from not less than 60% to not less than 70% of the purchase price. With respect to a loan applicant for whom no premises are shown in the system for searching premises transaction and title information of the Beijing Municipal Commission of Housing and Urban-rural Development, but for whom a search of the People's Bank of China credit reporting system or Beijing housing fund management system reveals a record of a personal housing loan or of a withdrawal for a premises purchase, and who satisfies the conditions for a loan for a second residential premises unit, the policy of a down payment of not less than 60% of the purchase price shall continue to be implemented.
Related legislation: Circular on Continuing to Duly Regulate and Control the Real Property Market, Feb 26 2013, CLP 2013 No.2 p.36; Circular on Issues Relevant to Improving the Regulation and Control of the Real Property Market, Jan 26 2011, CLP 2011 No.2 p.37; Circular on Further Regulating the Administration of Premises Purchases by Overseas Organisations and Individuals, Nov 4 2010, CLP 2010 No.10 p.50; Circular on Issues Relevant to Regulating the Individual Housing Fund Mortgage Loan Policy, Nov 2 2010, CLP 2010 No.10 p.48; Circular on Issues Relevant to Improving the Differential Credit Policies on Residential Premises, Sep 29 2010, CLP 2010 No.9 p.30; Circular on Specifying the Criteria for Defining the Second Unit of Residential Premises for Commercial Personal Residential Mortgage Loan Purposes, May 26 2010, CLP 2010 No.6 p.41; Circular on Determined Suppression of the Exceedingly Rapid Rise of Certain Urban Housing Prices, Apr 17 2010, CLP 2010 No.4 p.45; and Circular on Promoting the Steady and Healthy Development of the Real Property Market, Jan 7 2010, CLP 2010 No.3 p.31
clp reference:3510/13.04.07/BJ issued:2013-04-07 effective:2013-04-08Issued: April 7 2013
Effective: April 8 2013
Main contents: For a loan applicant who is applying for a loan to purchase a second residential premises unit, the down payment for the loan shall be increased from not less than 60% to not less than 70% of the purchase price. With respect to a loan applicant for whom no premises are shown in the system for searching premises transaction and title information of the Beijing Municipal Commission of Housing and Urban-rural Development, but for whom a search of the People's Bank of China credit reporting system or Beijing housing fund management system reveals a record of a personal housing loan or of a withdrawal for a premises purchase, and who satisfies the conditions for a loan for a second residential premises unit, the policy of a down payment of not less than 60% of the purchase price shall continue to be implemented.
Related legislation: Circular on Continuing to Duly Regulate and Control the Real Property Market, Feb 26 2013, CLP 2013 No.2 p.36; Circular on Issues Relevant to Improving the Regulation and Control of the Real Property Market, Jan 26 2011, CLP 2011 No.2 p.37; Circular on Further Regulating the Administration of Premises Purchases by Overseas Organisations and Individuals, Nov 4 2010, CLP 2010 No.10 p.50; Circular on Issues Relevant to Regulating the Individual Housing Fund Mortgage Loan Policy, Nov 2 2010, CLP 2010 No.10 p.48; Circular on Issues Relevant to Improving the Differential Credit Policies on Residential Premises, Sep 29 2010, CLP 2010 No.9 p.30; Circular on Specifying the Criteria for Defining the Second Unit of Residential Premises for Commercial Personal Residential Mortgage Loan Purposes, May 26 2010, CLP 2010 No.6 p.41; Circular on Determined Suppression of the Exceedingly Rapid Rise of Certain Urban Housing Prices, Apr 17 2010, CLP 2010 No.4 p.45; and Circular on Promoting the Steady and Healthy Development of the Real Property Market, Jan 7 2010, CLP 2010 No.3 p.31
clp reference:3510/13.04.07/BJ issued:2013-04-07 effective:2013-04-08This premium content is reserved for
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