Search

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 ...

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 issuance of mortgages and the collection of applications. VTB has not completely stopped working ...

ALFA-BANK RAISES THE INITIAL MORTGAGE PAYMENT

... 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 new customers of the credit institution. Earlier it became known that Russian banks have been introducing a new commission since October – 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 ...

Moscow mortgage monthly payments reached 177 thousand roubles

... analysts proceeded from the average cost of Moscow housing for a one-room apartment (8.75 million rubles) and more or less standard mortgage lending terms for a period of 22 years and a 20% payment as a down payment. At the same time, programs of concessional ... ... support and other factors affecting the reduction of the base rate were not considered. Experts note that for the majority of banks, rates exceed 20% per annum. So, for example, Raiffeisenbank offers a rate of 20.69% for the purchase of a new housing, ...

Demand for apartments in Russia increased by 15%

... the one hand, there are favorable conditions for mortgages until the summer, on the other hand, a significant rise in the cost of building materials has recently been observed. Despite this, the demand for housing has also increased. At the same time, mortgage rates continue to rise against the backdrop of an unstable geopolitical situation. Some banks deliberately raise rates up to 20% in order to scare off borrowers. A number of credit institutions have suspended the issuance of mortgages, other applications are accepted, but no decisions are being made on them.

LOAN APPLICATIONS OF 60% RUSSIANS WERE REJECTED IN 2020

... policies, while the most tangible increase in refusals was observed in the field of car loans. If in 2019 almost 57% of applications were rejected, then in 2020 their number was already 62%. The number of unsecured loans and credit cards also declined - banks approved only 31% of applications. However, in mortgages, the situation is the opposite - more applications were approved than in the last four years, 71.3% of Russians received loans. The National Bureau of Credit Histories notes that the increase in the number of approved mortgages is associated ...

Sorted by relevance | Sort by date