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Good news, homesteads in these areas can be mortgaged.

Time: 2016-04-20         Source: Agricultural Network         Author: IICA Network

Everyone knows that China’s rural housing sites were previously unable to mortgage. The ownership of the house site is owned by the village collective. The farmers only have the right to own the house and the right to use the house. The farmers can only transfer their own rights between the members of the village collective, but they cannot be used for mortgage financing. Generally, it can only be sold but not mortgaged, which greatly limits the freedom of farmers' property.

Recently, the Interim Measures for the Pilot Project of Peasant Housing Property Rights Mortgage (hereinafter referred to as the “Measures”) jointly issued by the six ministries and commissions of the State (the People’s Bank of China, the China Banking Regulatory Commission, the China Insurance Regulatory Commission, the Ministry of Finance, the Ministry of Land and Resources, and the Ministry of Housing and Urban-Rural Development) The mortgage opened the gate, farmers can use the homestead to mortgage, ease their financial difficulties, and have more financing channels since then!

  Interpretation of the meaning of mortgage loans:

The term “mortgage loan for peasant housing property rights” as mentioned in these Measures refers to the pledge of the peasant’s housing ownership and the right to use the house site as a collateral without changing the nature of the ownership of the house site, and is met by the banking financial institution (hereinafter referred to as the lender). A loan issued by the owner of the peasant housing (hereinafter referred to as the borrower) that pays the interest within the agreed time limit.

  Borrower conditions:

(1) having full civil capacity and no bad credit history;

(2) The ownership of the house used for mortgage and the right to use the house site are not disputed, and the ownership certificate issued by the relevant competent department of the government is not included in the scope of land acquisition and house demolition;

(3) In addition to the peasant housing used for mortgage, the borrower shall have other long-term stable living places and be able to provide relevant supporting materials;

(4) The collective economic organization in which it is located agrees in writing that the right to use the house site is mortgaged and disposed of with the peasant housing.

In the case of a mortgage of a farmer’s house, the written consent of other co-owners should also be obtained.

  Interest rate determination:

The lender should refer to the same-grade benchmark interest rate announced by the People's Bank of China, and determine the interest rate of the mortgage loan of the farmer's property right in a reasonable and independent manner based on the actual situation of the borrower.

  List of pilot counties (cities, districts) for peasant housing property rights mortgage loans

Province pilot counties (cities, districts)

Tianjin Ji County

Shanxi ProvinceYuci District, Jinzhong City

Inner MongoliaAnd Linger County, Ulanhot City

Liaoning Province Tieling County, Kaiyuan City

Jilin ProvinceJiutai District, Changchun City

HeilongjiangLindian County, Fangzheng County, Dumont County

Jiangsu ProvinceWujin District, Yizheng City, Sihong County, Changzhou City

Zhejiang ProvinceYueqing City, Qingtian County, Yiwu City, Ruian City

Anhui ProvinceJinzhai County, Xuancheng District, Xuancheng District

Fujian ProvinceJinjiang City, Gutian County, Shanghang County, Shishi City

Jiangxi ProvinceYujiang County, Huichang County, Wuyuan County

Shandong ProvinceFeicheng, Tengzhou, Wenshang County

Henan ProvinceHua County, Lankao County

Hubei ProvinceYicheng City, Jiangxia District, Wuhan City

Hunan ProvinceLiuyang City, Fuyang City, Mayang County

Guangdong ProvinceWuhua County, Lianzhou City

Conclusion: The right to use the homestead and the ownership of the house are the most important assets of the farmers. The reform of the mortgageable financing of these two assets has caused the farmers' assets to flow, and the money has come, but the risks have come, once the farmers change When you lend, you will lose your only home and become a real "proletariat." However, the positive significance is still the main one. Farmers with liquidity can have more investment choices and can also alleviate short-term financial constraints.

WeChat public number: Rong 360 mortgage (fangdai123)

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