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RESIDENTS OF THE KURSK REGION WILL BE ABLE TO TAKE A PREFERENTIAL MORTGAGE FOR 2%

Residents of the Kursk region will be able to take advantage of the opportunity to improve their living conditions thanks to a new preferential mortgage program offering a rate of 2% per annum. This is reported on the website of the Ministry of Finance. The initiative will extend to residents of the Kursk region, whose housing has been declared unusable as a result of shelling. In early February,...

ALFA-BANK RAISES THE INITIAL MORTGAGE PAYMENT

Alfa-Bank raises the amount of the down payment on family and IT mortgages. From October 11, its minimum amount will start from 50.1% of the cost of housing, the bank told TASS. The initial payment on the Far Eastern and Arctic preferential mortgages will also increase - from 20.1% to 30%. The change will spread to ...

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 ...

THE BEAC SUSPENDS THE ISSUANCE OF FAMILY MORTGAGES

Sberbank temporarily suspends registration for a preferential family mortgage deal from September 18. The decision was made due to the exhaustion of the cash limit. At the same time, customers who previously signed up for the deal will receive loans in the normal mode. As the press service of the Savings Bank told TASS,...

EXECUTIVE IMMUNITY EXTENDED TO MORTGAGE HOUSING OF A BANKRUPT

A citizen recognized as insolvent will keep the only housing that is in the mortgage. The relevant law was signed by Russian President Vladimir Putin. Due to changes in the law, a third party will be able to give the debtor a loan without interest to repay the mortgage. Earlier, this required first dealing with all the requirements ...

PART OF THE MONEY FROM THE SALE OF THE ONLY MORTGAGE HOUSING WILL BE LEFT TO THE BANKRUPT. BUT THIS IS NOT ACCURATE

... debt restructuring. According to Kommersant, the bill proposed by the Ministry of Economy implies that funds from the sale of mortgage housing will be sent to a special account. At first, they can only be used to cover the costs of ensuring the safety ... ...." It will be possible to use these funds to buy or rent new housing. At the same time, the amount that is excluded from the bankruptcy estate may be reduced in court at the request of the persons involved in the case to the amount that would meet the ...

TEACHERS CAN BE PROVIDED WITH A PREFERENTIAL MORTGAGE

By November 1, 2024, the Ministry of Education of Russia is going to work out the possibility of introducing preferential mortgages for teachers. State Duma deputies suggest that teachers will be able to receive loans for the purchase of housing at 2% for up to 30 years. The professional community welcomed the preparation of the program, Izvestia writes, but noted that ...

BANKS ARE WAITING FOR THE EXTENSION OF THE LIMIT ON IT MORTGAGES

Credit institutions are waiting for the extension of the limit on IT mortgages. Vedomosti writes about this with reference to representatives of a number of major Russian banks, including Sberbank, VTB and others. At the moment, due to the exhaustion of the limit, Sberbank, MTS Bank, Bank St. Petersburg have suspended ...

THE MINISTRY OF FINANCE WILL INCREASE THE LIMITS FOR BANKS ON PREFERENTIAL MORTGAGES

... loans to banks. Banks, due to the increased demand for housing loans for state programs, have almost exhausted the limits, Izvestia reports. Against the background of the increase in the Central Bank's key rate, credit institutions began to increase mortgage rates to 16% per annum. At the same time, the demand for preferential programs has increased significantly. Limits are set on the amount of money that banks can issue to their customers in the form of subsidized housing loans. Since the demand ...

Russian construction companies are coming to autumn bankruptcy

... such a sharp collapse in real estate sales. Citizens, finding themselves in a situation of uncertainty with the prospects for their employment and financial stability, experience fear of making purchases for large sums of money. The sharp increase in mortgage rates that accompanied the first weeks of the start of Russia's military special operation and the sanctions of Western countries that followed it does not contribute to this either. Experts give disappointing forecasts for the development of ...

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