In recent days, the Housing Provident Fund Management Centre in Anshou City has been conducting a “coupt transfer” housing fund loan for retraded housing。

Retraded housing “coupt” housing equity loan business means a buyer's application for a housing fund for purchase of the property in a situation where the property in question is mortgaged and there is an outstanding housing fund loan or a commercial personal housing loan When loans are made, the procedures of transfer, re-mortgage and the granting of new housing fund loans can be completed without the need for early return of the original loan, cancellation of the mortgage register, and effective connection between real estate registration and housing fund loans。

I. Conditions for processing

(i) The real estate is located within the administrative area of the municipality and has been certified as real estate and allowed to be traded; the original loan mortgage register has been completed and there are no external risks such as closure, freezing, establishment of residence rights, establishment of other mortgages and restrictions by other administrative means。

(ii) The purchase capital for the purchase of the house by the buyer and the seller shall not be less than the sum of the principal balance of the original loan, interest due, and agree to the full supervision of the property transaction funds at the Trusted Bank of the Housing Provident Fund and to give priority to the settlement of the original loan。

(iii) The original loan mortgagee agrees to register the transfer of immovable property and to settle the loan in advance。

(iv) Comply with the terms of our City Housing Provident Fund loan。

(v) Comply with other conditions laid down in laws, regulations and regulations。

Processes

(i) Application for “hand over”

The seller applied to the original lending institution for a “coupt” and an advance payment and obtained written consent。

(ii) Loan processing

The seller and buyer submit to the Housing Provident Fund Trust Bank information on the application for a Housing Provident Fund loan operation, and the person receiving it conducts an examination and examination, directs the buyer and the seller to enter into a transfer order for the purchase of funds for the purchase of property, and makes a preliminary opinion。

(iii) Loan approval

The Housing Provident Fund Management Centre approves the Housing Provident Fund loans as required。

(iv) Contract signing

Buyers, sellers, mortgage trustees and former loan mortgage holders have entered into “take-over” agreements, borrowers enter into borrowing contracts, etc。

(v) Registration of “take-over”

The buyer, the seller and the trustee bank of the Housing Provident Fund loan jointly applied to the local immovable property registry for an immovable property transfer register and for a first-time registration of a new mortgage (subordination)。

(vi) Loans disbursed

The Housing Provident Fund Management Centre issues the new Housing Provident Fund loan funds to designated supervisory accounts identified by the parties。

(vii) Supervision of the disbursement of funds

1. Settlement of the original loan. On the date of the disbursement of the new SPF loan funds, the Bank of Trusted SPF Loans gave priority to the transfer of the original loan principal funds to the corresponding SPF trust loan account or to the commercial bank seller's loan account for the settlement of the original SPF or commercial personal housing loan。

Transfer of surplus funds. In the event that the original loan is closed and the funds remaining in the designated supervisory account are available, the Trusted Bank for Housing Provident Fund Loans shall transfer them to the seller ' s collection account in full on that date。

(viii) Cancellation of old mortgages

The original lending institution should register the original loan for write-off on the date the loan is closed。

Information required

In addition to the information provided under the individual housing fund loan for re-traded housing in the city of Anshou, there is also a requirement for both seller and buyer to sign an on-site letter confirming the transfer of funds for the purchase of housing from the re-traded housing fund。

Source: Fund Management Centre for Housing in Anshou City