1. Text: | Print|

      Banks lower down payment for second-home buyers

      2014-10-16 14:50 chinadaily.com.cn Web Editor: Qin Dexing
      1

      Banks are starting to lower down payment requirement for some second-home buyers to get in line with the latest lending rules, although the reduction in mortgage rate is only modest, said the 21st Century Business Herald on Thursday.

      Several banks in Beijing, Shenzhen and Zhejiang province have decided to attract customers by offering a mortgage rate equal to 90 or 95 percent of the benchmark rate, though according to the guidance, it can be reduced to as low as 70 percent.

      People's Bank of China, the central bank, and the China Banking Regulatory Commission announced on Sept 30 that Chinese citizens who wish to buy a second home and have no extending mortgage can enjoy the same 30 percent down payment required of first-time home buyers.

      Prior to the announcement, second-home buyers were required to place a minimum of 60 percent down payment and their mortgage rate was above 1.1 times of the benchmark rate.

      Corporate banks, including Industrial Bank, China Merchants Bank and Everbright Bank, have implemented the new lending rules and opened doors to second-home buyers, said the newspaper.

      "The mortgage price is linked to the lending (default) risk. It will be up to each bank's operating strategy and specific conditions of their customers," said a retail banker in charge of mortgage business to the newspaper.

      Recent easing is aimed at boosting the sluggish housing demand as more cities reported month-on-month price drops in August. Government data showed out of 70 major Chinese cities, new homes in 68 saw month-on-month price decline in August, compared with 64 in July.

      Only five out of the 46 Chinese cities, namely Beijing, Shanghai, Guangzhou, Shenzhen and Sanya, still impose home purchase limit, a measure taken in 2011 to cool off the then heated property market.

      Comments (0)
      Most popular in 24h
        Archived Content
      Media partners:

      Copyright ©1999-2018 Chinanews.com. All rights reserved.
      Reproduction in whole or in part without permission is prohibited.

      主站蜘蛛池模板: 亚洲色成人四虎在线观看| a成人毛片免费观看| 亚洲Av高清一区二区三区| 亚洲AV无码精品国产成人| 日本高清不卡aⅴ免费网站| 在线观看亚洲天天一三视| 亚洲永久在线观看| 亚洲精品在线免费看| 亚洲精品狼友在线播放| 亚洲aⅴ天堂av天堂无码麻豆| 免费看AV毛片一区二区三区| 亚洲av无码不卡一区二区三区| 色多多免费视频观看区一区| 久久久久久国产a免费观看黄色大片| 一本久久a久久精品亚洲| 中文字幕免费观看全部电影| 国产免费131美女视频| 国产.亚洲.欧洲在线| 最近中文字幕无吗高清免费视频| 亚洲天堂中文资源| 两个人看的www高清免费视频| 亚洲成AV人在线播放无码| 一级毛片高清免费播放| 免费看大美女大黄大色| 九九免费观看全部免费视频| 亚洲国产一二三精品无码| 97在线视频免费| 亚洲无线电影官网| 成年女人喷潮毛片免费播放| 一级视频免费观看| 91亚洲精品视频| 99re视频精品全部免费| 亚洲成人在线电影| 亚洲视频在线观看免费| 久久综合日韩亚洲精品色| 国产成人yy免费视频| 亚洲a级片在线观看| 亚洲国产日韩在线观频| 一级毛片试看60分钟免费播放| 亚洲成人午夜在线| 国产男女猛烈无遮挡免费视频网站|