Banks are struggling with mortgage debtors to its methods

With each passing day more and more Russians want to take advantage of mortgage lending. According to experts, from those who are planning to purchase a house in the near future, in 2006, take a loan from a bank willing to 8%. In an effort to attract new customers, banks are obviously trying to create a more affordable loan programs, given that service mortgages to provide more than 350 Russian banks. In this case only for Moscow clients developed 300 mortgage programs. Banks literally reduce the amount racing down payments and interest on loans. While in 2004 most of the programs offered a lump sum payment of 30% or more of the total, the size of down payment today is on average 15%. As a short-term promotions a number of banks have already offered to customers mortgage loans without down payments. In this case, according to experts, the downward trend in contributions and interest on loans to banks is fraught with a sharp increase in "non-payers." However, in most of the respondents G2P banks, saying that the proportion of bad loans is 1-2%. "Recently, a number of banks, new to the mortgage market, to enable the rapid growth of mortgage lending significantly reduce the requirements for clients and their income as a result they may be faced with a large number of defaults this year. Customers of these banks realize that they can not serve already received loans and are forced to sell mortgages purchased with accommodation ", - says Mikhail Gusygin, Head of Business Development of City Mortgage Bank. According to official data, we know only about 300 cases of defaults of borrowers on mortgage loans. Banks often prefer to speak not about the return of unpaid debts, or, as on overdue debts. Interviewed experts in an attempt to estimate the total amount of unpaid or delinquent mortgage loans, known amounts of 20 to 50 million rubles. It's no secret that every bank that promotes mortgage lending program, developed their methods of dealing with defaulters. Certainly, that degree of loyalty to the customers of banks depends on the amount and terms of outstanding loans. For example, in the case of late RosEvroBank in return he would loan the borrower must pay interest at a rate of 36% per annum on the unpaid interest on time and credit. "The Bank has the right to demand early repayment in the presence of arrears in the payment of monthly payments over 30 days", - said the head of mortgage G2P direction RosEvroBank Sergei Gordeyko. "Bank customers should be aware that non-payment of debt under a credit agreement for a period even for one day is cause for concern of the bank. In the presence of three or more overdue, even for one day, on mortgage loans during the year under the laws of the bank has the right to demand early repayment of the loan, "- says Michael Gusygin. In practice, banks are beginning to communicate with the client to remind them of overdue debts and the need to settle for 1 to 10 working days from the date of delinquency. In the early stages of late payments on loans the bank's employees, as a rule, just call and remind customers about the debt and find out the cause. Anyway, the second day of delay in a client would have to pay punitive fines. However, in some cases, banks can make concessions if the client agrees in advance new payment dates. Deferral of payments usually provide at least 3 months. After that, the credit institution revises the schedule of debt repayment and interest payments. In this often increases the amount of monthly payments taking account of the delay. "If by reminding us can not affect the borrower's repayment of debt, then we meet with them and explain the reason for nonpayment, try to find a way out - shares his experience general manager of retail products and services of International Moscow Bank Alexey Aksenov. - If this fails, we employ collection agencies to cooperate, mostly with a view to the bank's interests in court. This is because agencies tend to have more experience working with the courts, can effectively construct the work with the bailiffs. " However, other banks for a "knock-out" mortgage debt collectors are attracted extremely rare - largely because of the high cost of their services. Collectors favor unless those borrowers on loans which have already started the procedure of default. Much more banks are trying to influence the customer and convince him to sell the apartment at competitive market prices to repay debt. O options sale of housing by a court of speech, as a rule, do not go. Banks use this rate only for "intimidation" of defaulters. According to the norms of Russian law debtors still remains the apartment owners, purchased the mortgage. Fund housing for relocation of these "banaretov" as is customary in many western countries including the United States, our country is still lacking. Until then, until the dispute banks and borrowers, will find no clear legislative solution, banks will continue to build its own rules, based mostly on the psychological pressure.