How to use housing provident funds from another province to buy a house in Chengdu

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This post was last edited by wolfhhhhm on 2015-9-1 08:31. How can one apply to cancel a mortgage on a house? Fang Xiaoxiao’s answers: It is possible to get a refund as long as the property title has not been obtained, but this requires negotiation with the developer, along with payment of the penalty fees specified in the contract. Is a transfer fee required when reselling a commercial property without ownership rights? Fang Xiaoxiao’s answer: A house without a property title cannot be transferred; even if you find a buyer, you can only sign a purchase agreement. If both parties reach an agreement, they can proceed with the transaction first and transfer ownership once the property title is issued; definitely, all applicable taxes and fees will have to be paid. However, this comes with risks; after all, the property has not been transferred. Once the property title is issued, if either party changes their mind, it could lead to problems. How to obtain residency in Chengdu based on educational qualifications? Fang Xiaoxiao’s answers: As long as you are a graduate with an associate degree or higher, you can register your household address in Chengdu right at the time of graduation. (Those with a secondary vocational education qualification can settle in the suburbs. ) For previous students whose household registration has remained at the school, the procedures are a bit more complicated: (1) They need to go through the dispatch procedures at the relevant school departments—to obtain a new registration certificate and a household registration transfer form. (2) Sign a tripartite employment agreement with a company in Chengdu, thereby determining that your workplace will be in Chengdu. (3) Bring the following documents to the Talent Center to handle the letter of introduction and household registration procedures: ID card, graduation certificate, registration certificate (with the reporting address set as Chengdu), household transfer certificate (with the transfer address set as Chengdu), and the \"Chengdu College and University Graduates Employment Registration Form\" stamped with the official seal. (4) Go to the registration center of the public security bureau to complete the household registration procedures. If one self or one’s parents own a property in Chengdu, it is possible to register the household registration at that property directly. For those with a postgraduate degree, various talent centers offer preferential policies: 1. Exemption from the handling fee for personnel recruitment ； 2. Moreover, there is no need to work in Chengdu; it can be handled directly at the talent center. Are the property rights periods for underground parking spaces all the same? When will the fee start to be collected? Fang Xiaoxiao’s answers: As long as the parking space you purchase comes with property rights, its validity period is the same in all cases. The parking space management fee is charged starting from the moment you sign the purchase contract for the parking space, regardless of whether you actually park there or not. Can one apply to renew a land use permit by oneself? Fang Xiaoxiao’s answer: Yes, it’s possible. You need to apply for renewal at the competent land administration department. In accordance with the provisions of the Urban Real Estate Management Law, when the term specified in the land use rights transfer contract comes to an end and the land user wishes to continue using the land, they must apply for an extension at the latest one year before the expiration date. The application shall be approved, unless it is necessary to take back the land for public interests. If renewal is approved, a new land use rights transfer contract shall be signed, and the land use rights transfer fee shall be paid in accordance with the regulations. How can a family invest and settle in Chengdu? Fang Xiaoxiao’s answers: According to Chengdu’s policies for attracting investment and facilitating settlement, individuals from outside the city who make productive investments of over 2 million yuan in the central urban area of Chengdu, over 1 million yuan in the towns of various districts (cities) and counties, or over 500,000 yuan in towns with administrative status, can transfer the household registration of themselves, their spouses, and their minor children to Chengdu. If both spouses own property, how is the down payment and provident fund calculated for buying another property? Fang Xiaoxiao’s answers: First of all, whether it’s each of you having your own property or the husband having two properties, all of these are considered pre-marital assets. However, after obtaining the certificate, it is added to the family’s property holdings, which include properties owned jointly by the spouses as well as properties owned by an individual before marriage. So it should be counted as the third house. Because if each of you spouses has one property, together that amounts to 2 properties owned by the couple. If you and your spouse buy another home, it will be the third one. The house is organized around the family unit, evolving as the family relationships among its members change. A house purchased before marriage, although not in the spouse’s name, is included in the family’s property holdings after marriage; spouses without a home are subject to purchase restrictions. If the housing fund has already been withdrawn but no loan was taken out using it, as long as there is still a balance in the fund, it is still possible to obtain a loan using that fund. However, the third property does not support housing provident fund loans or commercial loans. How to use housing provident funds from another province to buy a house in Chengdu? Fang Xiaoxiao’s answers: The policy for transferring housing provident funds across different locations is now available. Most cities have already implemented this policy, and Chengdu also accepts such transfers. Whether the transfer can be completed successfully depends on whether the city where you are transferring from supports it. For example: If you work in Guangzhou and have your housing fund deposited there, and now you want to return to Chengdu to buy a house and transfer your housing fund there, then Guangzhou needs to support the transfer of housing funds between different locations. If Chengdu also supports such transfers, then there’s no problem; however, if one of the parties does not support it, the transfer cannot take place. The required document is a certificate detailing the contributions to the housing fund, which must be issued and stamped by the local housing fund authority. Does stopping contributions to the housing provident fund loan during the period of buying a house count as a commercial loan? Fang Xiaoxiao’s answers: After a housing provident fund loan is approved, if contributions to the fund are not made for personal reasons (such as changing jobs or quitting), a penalty will be imposed by the bank after 6 months, such as interest charges or an increase in the interest rate. It won’t be counted as a commercial loan; not paying the housing fund has nothing to do with switching to a commercial loan. Fang Xiaoxiao’s suggestion: After the housing provident fund loan is approved, if there are changes in one’s employment during the repayment period and it becomes impossible to make regular contributions to the provident fund, one can make the payments in their own name; once a better job is found, the new employer can then take over the payment obligations. I have repaid the commercial loan for two years; how can I convert it to a housing provident fund loan? Uncle Fang’s answer: The housing provident fund system in Chengdu does not allow converting commercial loans into provident fund loans at the moment, but you can withdraw the balance in your provident fund account once a year to use it for repaying the commercial loan from the previous year.