What are the requirements for buying a house in Hangzhou?

Conditions for buying a house in Hangzhou:

1, Hangzhou household registration

(1) Adult singles with household registration in this city (including divorce) are restricted to purchase 1 apartment in the restricted area (including newly-built commercial housing and second-hand housing, the same below).

(2) Married families with household registration in this city are restricted to purchase 2 houses in the restricted area.

(3) Those who have settled in Lin 'an District, jiande city, Tonglu County and Chun 'an County for less than 5 years must settle in the city's restricted purchase range for 2 years and pay urban social security for 24 months before they can buy a house in the city's restricted purchase range.

(4) Those who have settled in this city in the form of parents taking refuge in adult children must be at least 3 years old before they can buy new commercial housing and second-hand housing in this city as independent families.

(5) Those who have settled in this city for less than 5 years need to buy 1 apartment within the city's purchase restriction, and have to pay urban social security within the city's purchase restriction for 24 months from 2 years before the date of purchase.

(6) If the house within the scope of purchase restriction in this Municipality is donated to others, the donor shall not purchase the house within the scope of purchase restriction within three years; The recipient family must comply with the city's housing purchase restriction policy (excluding bequests).

2. Non-Hangzhou household registration

Non-registered households in this city need to provide the first set of housing, have been within the scope of purchase restriction in this city for 4 years before the date of purchase, and have been paying urban social security or personal income tax for 48 months continuously. (Non-registered households in this city are not allowed to buy houses by paying personal income tax or social insurance) before they can buy 1 house within the scope of purchase restriction in this city.

Matters needing attention in buying a house with mortgage loan in Hangzhou

1. Don't use the provident fund before applying for a loan.

If the borrower takes the balance of the provident fund to pay the house payment before the loan, the balance of the provident fund in your provident fund account will be zero, and your provident fund loan amount will be zero, which means you will not apply for a provident fund loan.

2. Don't repay the loan in advance in the first year.

According to the relevant provisions of the provident fund loan, part of the prepayment should be made one year after the repayment, and the amount you return should exceed the repayment amount of six months.

Don't forget to find the bank around you if you have difficulty in repaying the loan.

Don't insist on it yourself when your solvency drops during the loan period and it is difficult to repay. ICBC customers can apply to ICBC for extending the loan term. If it is verified by the bank that you have not defaulted on the loan principal and interest, ICBC will accept your application for extension.