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

The Ministry of Finance of the Russian Federation is preparing a resolution on increasing the limits for granting preferential housing 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 ...

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