If you already have a suite in your name and have a new plan to buy a house, be sure to clarify some new policies. Although the purchase restriction policy has been cancelled in most areas, there are still some policies to restrict loans for the second suite, whether it is provident fund loans or commercial loans. Let me explain to you what a second suite is. The identification standard of the second suite and the difference between the second suite and the first suite.

What is the second suite?

Second suite: the abbreviation of the second set of ordinary self-occupied housing refers to the mortgaged housing that is approved by the borrower's family (including the borrower, spouse and minor children), and the per capita housing area of the borrower's family is higher than the local average level, and then applies for housing loans from commercial banks.

Identification standard of second suite

Parents have a house under their name, and then buy a house in the name of minor children; When you are a minor, you have real estate under your name, and then you can borrow money to buy a house when you are an adult; A house purchased in full under the name of an individual, and then purchased with a loan; There is a loan to buy a house under the name of the individual, and then the loan is used to buy a house after the sale.

Use commercial loans for the first purchase and provident fund loans for the second purchase; One party borrows money to buy a house before marriage and applies for a loan to buy a house in the name of the other party after marriage, but their accounts are not together; After the marriage, the two parties borrowed money to buy a house, and after the divorce, one party applied for a loan to buy a house.

The difference between the second suite and the first suite

1, loan interest rate. The loan interest rate of the second home loan is much more favorable than that of the first home loan. The interest rate of the second-home provident fund loan is higher than that of the first-home provident fund loan 10%. The loan interest rates of other commercial loans are stipulated by banks, but generally speaking, they are relatively high.

2. Loan amount. The loan amount of the second home loan is much lower than that of the first home loan. For example, in Beijing, the first home borrower can borrow 70%, and the second home borrower can only borrow 30%. The specific loan amount shall be subject to the regional regulations.

3. Difficulties in obtaining loans. Of course, the second home loan is much more difficult than the first home loan, especially when the funds are tight, it is often difficult to apply for a second home loan.

4. Deed tax ratio. The housing area of the first suite within 90㎡ is levied at 1%, the area within 90 ㎡- 144㎡ (different places) is levied at 1.5% (calculated at the local tax rate of 3%), and the area above 144㎡ is levied at 3% (different places)