Would-be Beijing homeowners face tougher lending times as the "Big Five" banks have withdrawn their favorable first-home loans in the city from August, the China Securities Journal said.

According to the paper, first-home buyers seeking a loan received a 15 percent discount at Bank of China and Agricultural Bank of China, but now the lending rate is the same as that of the benchmark rate.

Most other banks have also cancelled their first-home lending discount, with the exception of Citibank, China Citic Bank and Huaxia Bank.

The paper quoted insiders as saying that the risk of mortgage business can be controllable, but the discounts made the lending business less profitable. Some commercial banks with limited credit resources have even stopped personal housing mortgage loans.

The "Big Five" banks are Bank of China, China Construction Bank, Industrial and Commercial Bank of China, Agricultural Bank of China, and Bank of Communications.