Recently, the city's first cross-bank "property transfer with existing mortgage" transaction using a provident fund loan was successfully completed at the Liuzhou Real Estate Registration Center. This effectively reduced transaction costs and eased the financial burden for both the buyer and seller. This marks another breakthrough by the Liuzhou Real Estate Registration Center, the Liuzhou Housing Provident Fund Management Center, and financial institutions in advancing user-friendly and convenient government services.

It is understood that the buyer and seller in this successful transaction used different mortgage banks. The seller, Ms. Huang, intended to sell a property with an outstanding loan at China Everbright Bank. The buyer, Mr. Wei, planned to purchase the property using a provident fund loan from his preferred bank, China Construction Bank Liuzhou Branch. Previously, if a buyer used a provident fund loan to purchase a property still under mortgage, the seller had to arrange funds to pay off the existing loan and clear the mortgage before proceeding. This process increased financial pressure and transaction costs for both parties.

Upon understanding the situation, the Liuzhou Real Estate Registration Center proactively engaged and promoted coordination. It collaborated with the Liuzhou Housing Provident Fund Management Center and commercial banks to break down information-sharing and procedural barriers, established a joint working mechanism to streamline the process, and achieved seamless integration and closed-loop operation for property title transfer and mortgage registration. After the process was streamlined, the buyer and seller promptly applied for the cross-bank "property transfer with existing mortgage" with their respective banks. Following a four-party agreement between both parties and both banks, they jointly submitted the application to the Liuzhou Real Estate Registration Center. On August 29, the Center simultaneously completed the mortgage change registration, property title transfer registration, and new mortgage registration, successfully finalizing the cross-bank transaction.

Ms. Huang and Mr. Wei stated that the cross-bank process was less complicated and cumbersome than expected, offering convenience and cost savings. They were pleasantly surprised that it required submitting only one set of documents at a single window for a one-time completion.

The cross-bank "property transfer with existing mortgage" using provident fund loans is an optimized upgrade of the model. Through institutional innovation and process re-engineering, the procedure has become safer and more convenient. It enables buyers to choose any bank for their loan, removing the constraint of the seller's original mortgage bank. This provides more options and greater flexibility for both parties, offering tangible convenience and benefits to citizens in real estate transactions.