＂One person buys a house, but the family’s provident fund helps＂ to introduce new regulations.

　　Zhongxin Finance, June 9 (Zuo Yukun) The provident fund closely related to the purchase of houses by thousands of families has recently undergone new changes in many places. In addition to the "routine operation" in the current round of property market adjustment to reduce the down payment ratio and raise the maximum amount, some new tricks and tricks have also been introduced one after another.

　　"One person buys a house and the whole family helps"

　　At the beginning of June, Zhuhai City, Guangdong Province, one of the China Special Economic Zones, issued the Work Plan of Giving Play to the Role of Housing Provident Fund to Support Services "Industry First". Among them, the policy of "one person buying a house and helping the whole family" has aroused considerable concern.

　　Specifically, employees who have paid the provident fund in Zhuhai can withdraw 90% of the account balance to help their immediate family members (spouse, parents and children) pay the down payment, or they can withdraw the provident fund monthly to help their immediate family members (spouse, parents and children) repay the house loan.

　　Some people think that this practice has the risk of "tying the whole family to the car" and the suspicion of "encouraging the elderly". Others think that this move is also conducive to making the provident fund play a greater role. Yan Yuejin, research director of the think tank center of Yiju Research Institute, pointed out that this time it is clear about the account amount of the provident fund, rather than the self-owned funds or savings of family members as previously understood.

　　"After the new provident fund policy was issued, buyers came to consult soon. They feel very good, parents have been restricted from buying, and the provident fund is idle in the account. If they don’t spend it, they can only take it out after retirement, and there is a risk of depreciation, which is quite wasteful. " A real estate agent in Zhuhai told the China-Singapore financial reporter.

　　"There are people who come to consult. If the children have a house and the parents have no house, can they buy a house in the name of their parents? Now the details have not come out, but it seems that immediate family members are ok at present. We will remind you that the mortgage period may be shorter if your parents are older. " The above real estate agent mentioned.

　　"This is also an innovation in the provident fund loan policy, which is innovative and exemplary. The guidance of the provident fund policies in various places to support enterprises and employees will be clearer." Yan Yuejin believes.

　　The same idea was quickly implemented in Ziyang, Sichuan. On June 6th, ziyang issued the Notice on Policies and Measures to Promote the Stable and Healthy Development of the Real Estate Market, which proposed to implement intergenerational mutual assistance of provident fund families.

　　Specifically, paid employees who purchase self-occupied housing within the administrative area of this Municipality may apply for withdrawing the housing accumulation fund of their parents or children to pay for the house purchase; If the paid employees and their parents or children jointly purchase self-occupied housing within the administrative area of this Municipality and apply for housing provident fund loans, they will not be restricted by the share of the paid employees in the property rights of the jointly purchased housing.

　　More local provident funds to buy a house down payment ratio fell to 20%

　　Since February, "20% down payment" has repeatedly appeared in the standard of commercial bank loans. With the gradual widening and deepening of the policy pool, the down payment ratio of the provident fund has also ushered in an update.

　　On the 7th, Nanchang Housing Provident Fund Management Center of Jiangxi Province issued the Notice on Adjusting the Down Payment Ratio of Housing Provident Fund Loans in Our City, and paid employees’ families to use housing provident fund loans to purchase the first ordinary housing (including commercial housing loans to housing provident fund loans), and the minimum down payment ratio was adjusted from 30% to 20%.

　　On the same day, the Housing Provident Fund Management Center of Wenzhou City, Zhejiang Province issued the "Phased Support Policy for Housing Provident Fund", clearly depositing the first set of owner-occupied housing for employees’ families to purchase, build, renovate and overhaul, and reducing the minimum down payment ratio of housing provident fund loans to 20%.

　　On the 6th, the website of Xuzhou Housing Provident Fund Management Center published the Notice on Implementing Phased Policies of Housing Provident Fund. For those who use the housing provident fund loan for the first time, the down payment ratio of new commercial housing will be adjusted from 30% to 20%, and the down payment ratio of second-hand housing will be adjusted from 40% to 30%.

　　On the same day, the Housing Provident Fund Management Center of Tangshan City, Hebei Province issued a document saying that the minimum down payment ratio of housing provident fund loans will be adjusted from not less than 30% to not less than 20% if employees pay for the first and second sets of self-occupied housing.

　　Earlier, Fujian Fuzhou, Shaanxi Xi ‘an and Inner Mongolia Baotou all reduced the minimum down payment ratio of provident fund loans to 20%.

　　According to the actual situation in various places, many places have also partially adjusted the maximum loan amount of the provident fund.

　　For example, on the 7th, Shangqiu, Henan Province adjusted the single provident fund loan amount from 400,000 yuan to 500,000 yuan, and the husband and wife from 600,000 yuan to 700,000 yuan. On the 6th, Qinhuangdao, Hebei Province proposed that the upper limit of the single-payment employee provident fund loan should be adjusted from 400,000 yuan to 600,000 yuan, and the upper limit of the double-payment employee family loan should be adjusted from 600,000 yuan to 800,000 yuan.

　　There is still room for deferment of provident fund and increase of rental quota.

　　On the 7th, Beijing Housing Provident Fund Management Center issued the Notice on Implementing Phased Support Policy for Housing Provident Fund, which emphasized that the units affected by the epidemic can apply for deferring the provident fund and the depositor can rent a house to increase the withdrawal amount. This is also the main adjustment direction of the provident fund policy recently.

　　In terms of deferred payment of provident fund, Changsha, Hunan Province made it clear on the 7 th that enterprises with difficulties can apply for deferred payment of provident fund online, and the loan rights of employees with difficulties will not be affected; Wuzhou, Guangxi, issued a document on the 6th, saying that the average monthly salary of employees in enterprises affected by the epidemic last year was lower than 70% of the average monthly salary of employees in Wuzhou last year, and they can apply for deferring the housing provident fund for the period from June to December, 2022 according to regulations, and pay it back after it expires.

　　"The purpose of delaying the payment of social security, including provident fund, and delaying the repayment of provident fund loans is to stabilize market players, stabilize jobs, boost market confidence, and protect private enterprises, low-and middle-income groups, and small and medium-sized enterprises." Li Yujia, chief researcher of the Housing Policy Research Center of Guangdong Provincial Planning Institute, said.

　　In terms of provident fund rental, Zhejiang Quzhou proposed on the 8 th to support depositors and their spouses to rent a house to withdraw the provident fund, up to 2,000 yuan/month; Released in Hangzhou, Zhejiang Province on the 6th, the depositor can withdraw the balance of the housing provident fund account on a monthly basis, and the withdrawal limit is determined according to the existing standard.

　　The release of such policies can be traced back to May 24, when the Ministry of Housing and Urban-Rural Development and other three departments issued a notice clarifying that all localities could increase the amount of housing provident fund rental; Enterprises affected by the epidemic can apply for holdover of housing provident fund to guide the development of provident fund work in various places.

　　"In addition to the increase in the quota and the reduction in the down payment ratio, the housing provident fund policy has more room for optimization, whether it is from enterprises or households, whether it is buying a house or renting a house." Yan Yuejin believes that this will help to further enrich and improve the content of the current housing finance policy, directly hit the pain point of the market, and give play to the policy effect of housing provident fund protection, convenience and support. (End)