After buying a house for their children, how can parents supervise their children to take the house as collateral?

In the past, there was a form of mortgage loan for buying a house called relay loan, in which both parents and children were borrowers. In the future, if one generation fails to repay the loan, another generation will continue to repay it. As a result, it was stopped by the China Banking Regulatory Commission two years ago. Unexpectedly, relay loans have recently revived in Guangzhou real estate market, and some banks are openly promoting relay loans.

It seems that the CBRC's punishment for bank violations is still relatively light, which has led to the emergence of relay loan products that were previously banned in the mortgage market. Relay loan products are essentially financial products that violate financial laws and regulations, macro-control policies of the property market, and anti-human product design. This product is by no means a so-called loan innovation, just like the so-called gift loans and other products launched by some banks in the past, it is a malicious financial loan product.

There is no need to continue anti-financial supervision, because the medical insurance supervision Committee has explicitly banned such products in the past two years. In cities with strict restrictions on purchases and loans, such as Beishangguangshen and Shenzhen, it is against the macro-control policy of the property market to try to give loans to buyers who do not meet the mortgage qualifications. Originally, the lender was a generation, but it did not meet the requirements of the loan restriction policy. As a result, one generation was changed into two generations to borrow money, which finally met the mortgage policy. Isn't this a kind of packaging?

But the most important thing is that this product has caused a long-term burden to property buyers, and two generations have carried the shell of the house together. This product is too bad;

1. relay loan products require that the income of children and parents be added together, which is more than 1.5 times of the monthly payment. In fact, in the mortgage, the income of the repayment person is required to reach at least twice the monthly repayment amount. The age gap between children and parents is huge. If one of them dies in the future, will the repayment risk be washed up? In the end, I couldn't go. The bank went to the court to apply for an auction of the house. What is left for the final buyer? You may not even get the down payment back.

2. Relay loans are generally borrowed from parents' housing purchase indicators, but in fact, the monthly mortgage amount is generally paid by children. This is a new form of illegal real estate speculation. Moreover, children's repayment ability has been hidden behind their parents, and the risk of buying a house has increased dramatically.

Sometimes some old people work hard all their lives. You can retire when you are old, but you are accidentally put on this relay loan by your children and the bank. It is possible to take out the monthly pension to repay the loan, and it will not be overdue at any time, because it will be chased soon.

In our regulatory regulations, banks are generally not recommended to issue medium-and long-term loans to the elderly over 60 years old, that is, loans with a term of five years or more. Mortgage is generally 20 years, 30 years, which is not right.

We can't turn parents and children into loan applicants and debtors together to repay the house or profit from it.

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On 20021118, Sichuan Supervision Bureau of China Banking and Insurance Regulatory Commission, China issued a fine to two branches of a bank in Chengdu, and all the violations involved the illegal issuance of "age relay" housing mortgage loans. Chengdu Jinniu Sub-branch of the bank illegally issued "age relay" housing mortgage loans to unqualified individuals, which seriously violated the prudent operating rules and was fined RMB300,000. China Bank Chengdu Shudu Sub-branch was fined 600,000 yuan for illegally issuing "age relay" housing mortgage loans to unqualified individuals, and illegally replacing other banks' commercial housing loans with operating property mortgage loans, which seriously violated prudent business rules.