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The definition of a second home purchase, under banking regulations, has been published in Beijing. Banks have to check how many homes the applicant both owns outright, and has a mortgage on.
The explanation was written by the Beijing Municipal Commission of Housing and Urban-Rural Development, and 3 other municipal departments.
The regulation was issued on July 7th. And requires immediate implementation by the banks.
The regulations also ban banks approving mortgage discounts for the purchase of a second home. Banks can log into a municipal system, to check the number of homes an applicant has, providing greater access to information.