Foshan, Guangdong issued a notice to optimize the criteria for determining the number of housing units in individual housing loans

　　CCTV News:According to the WeChat official account message of "Foshan Housing and Construction" WeChat, Foshan Housing and Urban-Rural Development Bureau and other departments issued the Notice on Optimizing the Criteria for Determining the Number of Housing Units in Personal Housing Loans in our city. The details are as follows.

　　Interpretation of "Notice on Optimizing the Criteria for Determining the Number of Housing Units in Personal Housing Loans in Our City"

　　In order to better meet the demand for rigid and improved housing, with the consent of the Municipal People’s Government, Foshan Housing and Urban-Rural Development Bureau, Foshan Branch of the People’s Bank of China and Foshan Supervision Branch of the State Financial Supervision and Administration jointly issued the Notice on Optimizing the Criteria for Determining the Number of Housing Units in Personal Housing Loans in our City (Fojian [2023] No.73), which is now interpreted as follows:

　　I. Families applying for loans

　　The households applying for loans include households registered in this city, households not registered in this city, singles, foreigners and other buyers who are not legal entities, including borrowers, spouses and minor children.

　　Second, the number of households’ housing units

　　The number of residential housing units is calculated based on the total number of residential housing units of each member of the residential family shown in the "Natural Person Real Estate Information Query Results" provided by the municipal/district real estate registration agency.

　　According to the Interim Measures for the Inquiry of Real Estate Registration Information, the inquiry results of real estate registration information are obtained for individual natural persons. Residents’ family members can comprehensively calculate the real estate registration under their personal names as shown in the "Real Estate Registration Information Query Results" provided by the municipal/district real estate registration agency, combined with the household registration information shown in the household registration book. Adult family members can query the real estate registration information under their own names online and offline, while minor family members can query the real estate registration information under their own names offline.

　　Third, the personal housing credit policy related to policy optimization

　　Residents’ families (including borrowers, spouses and minor children) who have no housing in this city shall apply for loans to purchase commercial housing according to the first housing credit policy, and enjoy the down payment ratio and loan interest rate of the first housing for housing loans, regardless of whether there is a housing loan record and whether the housing loan is paid off.

　　Fourth, the time of implementation

　　If the transaction contract for new commercial housing and stock housing is signed (signed online) before 0:00 on September 1, 2023, it shall be implemented according to the original policy.

　　If the transaction contract for new commercial housing and stock housing is signed (signed online) after 0:00 on September 1, 2023, the new policy shall prevail.