Is it possible to get a mortgage with a rural bungalow in Weihai area? There are property and land certificates. If so, which bank is more convenient?

A. Can I get a mortgage on a rural cottage in Weihai? There are property and land certificates. If so, which bank is more convenient?

Accepted in your hands this kind of land certificate can not be mortgaged

Two, bungalow can be used to mortgage

Can. It is valid to mortgage a house on a homestead. However, the effect of the mortgage can not be the house occupies the scope of the right to use the residential base, once the debtor can not pay the debt, the creditor can only mortgage the building materials of the house as a movable asset priority. Therefore, other security can be provided, generally do not use the house on the residential base as a mortgage. Urban Real Estate Mortgage Management Measures, Article 32 for real estate mortgage registration, shall submit to the registration authority the following documents: (a) proof of identity of the mortgaged party or proof of legal personality; (b) application for registration of the mortgage; (c) mortgage contract; (d) "State-owned Land Use Right Certificate", "Certificate of Ownership of the House" or "Certificate of Property Rights of the Premises", * * * there is a house must also be submitted to the "house * * * * * * Certificate of Ownership" and other * * * proof of the consent of the owner to mortgage; (5) documents and supporting materials that can prove that the mortgagor has the right to create a mortgage; (6) information that can prove the value of the mortgaged real estate; (7) other documents that the registration authority deems necessary.

Three, bungalow can do mortgage?

Bungalows in rural areas cannot be mortgaged.