Is the social security payment for buying a house in Shanghai affected?

First, social security payment and purchase qualification

In Shanghai, the qualification of buying a house is usually related to the household registration of the buyer, the years of social security payment and other factors. For buyers who are not registered in Shanghai, they generally need to meet a certain social security payment period to qualify for buying a house. In this case, if the property buyers pay the social security for some reasons, it may affect their eligibility to purchase houses. But the specific degree of influence depends on the length of time and the amount of payment.

Second, social security payment and loan application

In the process of buying a house, many buyers will choose to apply for a loan to pay the house price. When approving loans, banks will comprehensively consider the credit history, income status, liabilities and other factors of buyers. As a part of the income of buyers, social security payment will also be taken into account by banks. If the buyer pays back the social security, it may affect his credit record and income evaluation, thus affecting the approval result of the loan application.

Third, the proportion of social security payment and down payment.

In some cases, social security payment may affect the down payment ratio of buyers. Some banks or real estate developers may set different down payment ratios according to the social security payment of buyers when formulating the purchase policy. If the property buyers have already paid the social security, they may be regarded as having poor credit status and be required to pay a higher down payment ratio.

To sum up:

The influence of Shanghai social security payment on buying a house is mainly reflected in the qualification of buying a house, loan application and down payment ratio. Although the payment itself does not directly determine the qualifications of buyers, the specific circumstances of the payment may affect the credit history and income evaluation of buyers, thus indirectly affecting the purchase process. Therefore, when considering buying a house, buyers should fully understand their social security payment, and consult relevant departments or professional institutions to obtain more accurate information on the purchase policy and loan policy.

Legal basis:

Regulations of Shanghai Municipality on Real Estate Registration

Article 2 provides that:

These Regulations shall apply to the registration of real estate within the administrative area of this Municipality.

Measures of Shanghai Municipality on the Administration of Residence Permit

Article 12 stipulates:

Holders of Residence Permit can enjoy the rights of employment, social insurance, housing accumulation fund deposit, withdrawal and use in this Municipality in accordance with the relevant provisions of the state and this Municipality.