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BANKS HAVE INTRODUCED A NEW COMMISSION FOR MORTGAGES

Since October, Russian credit institutions have been introducing a new commission – about 6.5% of the loan amount - on mortgages under market programs. The fee will apply to housing developers or borrowers themselves. The new mortgage commission will affect transactions for the purchase of primary and secondary housing, as well as private homes. It already operates in VTB, Sberbank and Alfa-Bank, Kommersant reports. As experts explain, such a fee is a necessary measure. Earlier, the Bank of Russia reduced the possible maximum full cost of the loan. If the costs are included in the loan amount itself, then its full ...

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