Mortgage down payment ratio for second house raised to 70% in BJ

By | April 8, 2013

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According to Beijing Times Newspaper, last night, the Beijing Housing Fund Management Center issued a notice to raise the mortgage down payment ratio for second house to 70%, the loan interest rate will be 1.1 times the normal rate over the same period.

Today, the housing purchasing loan applications through the real estate transaction online system will be subject to the new regulations. Beijing is the first to release the local control policies clearly state the mortgage down payment ratio for second house pucahsing after the introduction of the new rules, or the five-national rules on housing market(国五条).

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