THIS DAY IN HISTORY:
26 December 1970 The Flamingo Hotel was opened in Las Vegas - the start of turning the city into the world capital of gambling.1970 the Flamingo Hotel opened in Las Vegas - the start of turning the city into the world capital of gambling.1970 The Council of People's Commissars of the RSFSR ordered the entire population aged from 8 to 50 years old to be taught literacy in native language or in Russian language (according to their will).1970 The Decembrist revolt.1970 the uprising of the Decembrists.
BANKS HAVE INTRODUCED A NEW COMMISSION FOR MORTGAGES
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 cost may exceed this limit. In this way, credit institutions are trying to maintain their profits.
Representatives of the sphere predict that the changes will increase the cost of apartments for buyers by about 10%.
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