The most common mortgage programs in Russia - are loans for the purchase of finished apartments as they are called banks to describe their products - "on the secondary market." Today, however, the proposals range of key market players encouraged potential mortgage borrowers a variety of proposals. Almost everywhere, offered loans to buy apartments under construction, some less, but more often come across offers pawn loans - secured by existing real estate loans for the purchase of country houses, plots of land. Individual banks in pursuit of a client willing to lend such an unknown in the pre-crisis period as the acquisition of exotic rooms, shares in housing, garages, cars, commercial real estate. For example, loans for the purchase garages offer VTB24 parking - Sberbank. Moscow Bank of Sberbank of Russia in avgusteobyavil readiness to lend for the purchase of shares in the housing. In particular, to obtain a loan to buy commercial real estate secured by real estate can be purchased in Absolut Bank, Credit Bank of Moscow, Rosbank, the bank "Uralsib" and Khanty-Mansiysk Bank. Still reluctant to offer reconstruction refinancing (refinancing) loans to other more favorable terms. Most existing programs at the moment in terms of attractiveness for borrowers to look dubious, and in some cases, is simply meaningless, because the proposed rates are higher than the average. However, the refinancing program and before the crisis were not the most popular product. It was offered mainly the most aggressive players in that period of sharp decline in interest rates to prevent the outflow of borrowers to banks with more favorable terms and at the same time increase its mortgage portfolio, luring foreign borrowers. Not very common before the crisis loans for the purchase of land and now give a few banks. Presented in August AHML mortgage product, "Low-rise housing" allows you to receive credit for the purchase of an apartment house with land or land with the condition of building to house it acquired the security of the property. However, this program has some limitations: the construction of houses should be kept to an agreed standard project in an organized and low-rise buildings that went down in the list approved by AHML. Now the list of all five territories, and five applications are pending in the Agency. New loan products with a social component, the proposed AHML - "New," "maternity capital", "Military mortgage," "Variable Rate", "Low-rise housing" received a good response from both the partners and the part of borrowers. For some programs, even broke a stir. For example, in terms of AHML "Military Mortgage" for this year to 4 billion rubles for the supply of mortgage applications received by 13 billion rubles and the Agency had to revise the business plan and increase the volume of refinancing to 10 billion rubles. The "maternity capital" limit funding partners has been selected by the beginning of August. The financial crisis in 2009 gave birth to two new mortgage programs: loans for housing from under the mortgage in the restructuring of insolvent borrowers and loans to new conditions in order to reduce the credit load. Loans for purchase of flats under construction at this time almost all the banks offering mortgages, make loans to buy apartments in buildings under construction on the security of claims to the purchased apartment. But the most common choice of housing for the borrower is limited to proposals from developers of the bank's partners. The banks have an average hand in the same city, as a rule, only two - three residential complex, but large banks can be seen quite a rich set of options - from Sberbank and VTB-24 in the big cities that dozens of homes. The banks almost daily reports on the accreditation of all new and new construction projects. Because in times of crisis it offers loans for the purchase of new housing virtually disappeared from the market completely, the current increase in lending in the primary market is particularly noticeable. Experts believe that in the first half of 2010, the share of mortgage loans granted for purchase of apartments in buildings under construction amounted to about a quarter of the total amount of mortgage loans. At the same time the banking community said a serious effect on public support mortgage lending focused on new buildings - it's self-titled AHML mortgage product with low interest rates and preferential treatment for members of public social and housing programs, and his incentive program bank lending developers - "Stimulus" as well as program of redemption of mortgage bonds VEB. In accordance with the terms "vebovskoy" program loans for the purchase of apartments in new building at a rate of 11% per annum, which in these times significantly below the average rates can be obtained at VTB24, the partners of the bank "GPB-Mortgage" in Sobinbank. However, there is a nuance: the term "new building" is treated arbitrarily and do not necessarily have in mind the apartment in a newly built house. For example, VTB24 until recently gave out loans on the terms "vebovskoy" program only on the purchase of flats from the developer to have decorated their property rights. Today the Bank provides loans and purchase of flats under construction, but the borrower prior to making the home ownership rate is higher - 13% per annum. But even this rate can be a very good deal on the background of the vast majority of similar programs in other banks. In addition, VTB 24, with lending to "vebovskoy" program does not charge loan fees. Some banks are ready to issue a loan to buy an apartment in any well reputed real estate developer, but rather many limiting their supply affiliate programs with companies whose business is clear and transparent. On the other hand, considering the unprecedented number of partnership programs with builders, banks clearly want the expense of the mortgage to solve the problem of its customers - builders and developers. If housing is not acquired in the bank's partners, in most cases, a requirement to obtain a loan commitment is not at home at least 50%. At the same time, after the crisis, borrowers who take out a loan for the purchase of housing under construction, mostly prefer to choose the objects of high readiness, mindful of the risk of unfinished and an increased rate on the loan prior to the registration of home ownership. Thus, the restriction on the level of preparedness at home for the borrower is not so significant factor. But in terms of credit affiliate programs can be even more lenient than for the purchase of finished housing - lower initial payment or the interest rate. Striking example of this - the Savings Bank, which is on the program "Mortgage + 'issue credit in rubles for the purchase of flats from their partners atypically low rates: up to registration of a mortgage from 11.65% to 14% per annum, after registration of a mortgage from 10.4% to 12.75% per annum. No less indicative of the minimum value of a down payment - only 10% of the cost of purchased housing. At the same time guarantee on the loan prior to registration of the mortgage are the property rights of borrowers to buy housing, and after the registration of the mortgage - the acquired property. Another example - VTB24 provides loans for purchase of apartments in residential complexes of "Don Story" by a uniform percentage for the entire crediting period, without a standard for banks to supplement these programs during the construction period prior to registration of property rights. Minimum fixed rate in rubles is 13.1%. SMP Bank, one of the affiliate programs on the implementation of apartments in residential complex in Moscow is ready to provide loans in U.S. dollars only by 6.75% per annum, and in rubles - by 10.75% with an initial payment of 20% of the value of the acquired the apartment. Bank "Revival" by 0.5 percentage points reduces the interest rate on loans to borrowers who buy newly built its partners. Due to the unstable economic situation, banks have significantly narrowed the range of potential borrowers and to legal and natural persons, so they tend to use every opportunity to earn in retail lending, including providing loans for purchase of housing under construction. In this crisis has shown that concerns about the quality of housing loans during the construction phase have been exaggerated. As is known, namely the issuance of loans to banks has always been characterized by increased fault-finding, which, apparently, and has brought good results. Elena Tarasova, Senior Vice President of VTB 24, speaking Russian conference "Mortgage Lending in Russia - Reboot the market" in December 2009, noted that in the mortgage portfolio of VTB 24 loans for housing construction recorded the lowest level of delinquency. Mortgages for the purchase of suburban housing mortgage for the purchase of suburban housing returns to the market a little less active than the lending of apartments in buildings under construction. Loans for the purchase and construction of cottages and townhouses offers a large number of federal banks: Alfa-Bank, Moscow Bank, Banque Societe Generale Vostok (BSGV), Barclays Bank, the Bank "Revival", VTB 24, Gazprombank, Bank Intesa, KreditEvropa Bank, the bank " Moscow Mortgage Agency "(MIA), Nordea Bank, the Bank" Russia ", Russian Agricultural Bank, Sberbank, Svyaz-Bank, the bank" Uralsib "UniCredit Bank. In addition, some banks offer loans for purchasing land, in particular, BSGV, the bank "Zenith", RosEvroBank, Agricultural Bank, Bank of Khanty-Mansiysk. Bank of Moscow accepts the land as collateral for loans to purchase homes with land (the program "Quick House"). Increased activity in the market of suburban housing and stabilize the housing market as a whole has reduced the risks of lending transactions for the acquisition of houses, townhouses and other low-rise properties. Interest rates on loans for the acquisition of suburban housing are beginning to decline. Bank Societe Generale Vostok (BSGV) in June, and reduced rates, and the value of a down payment for borrowers who buy on credit suburban housing, with 40% to 30%. Since the beginning of summer in suburban housing loans fell in the Khanty-Mansiysk Bank, Intesa Bank, Agricultural Bank. The main difference between mortgage programs on the acquisition of suburban housing in most cases seen in the size of the down payment. To obtain a loan for a vacation home, in most cases have to be invested 10% more equity than when buying on credit apartments - from 40 to 50%. Unspecified mortgage loans secured by real estate available earmarked mortgage loans secured by real estate available (Lombard credits) include in their line of more banks. In addition, if interest rates on loans to non-target can be called acceptable (on average, they range from 14 - 15%), the size of the loan is still sadly small, 50 - 60% of the value of the pledged property. Against the background of the proposals highlighted HSBS, VTB 24, Nordea Bank and RosEvroBank, where you can get a home equity up to 70% of its value. It should be noted that non-target loans secured by real estate with few exceptions are granted for a shorter duration than loans to purchase real estate - from 10 to 15 years. The subject of pledge can serve as a ready apartment or house, land. Moreover, if the collateral for the loan is a house or land, the credit will provide a smaller share of the value of the property than the pledge apartment, for example, the security of an apartment will give 60% of its value, and the security of a dwelling house - only 50%. Property rights to real estate under construction in the provision of improper mortgage banks do not accept, even though Russian law on the mortgage it allows. Refinancing program for borrowers refinance the mortgage (loan to pay off previously issued mortgage) can reduce your monthly payments by reducing interest rates, and to adjust the date, amount and currency of the loan. Today, refinancing is a rare, not too attractive, and because - a little popular demand. These products are included in the mortgage line of Bank Societe Generale Vostok (BSGV), VTB 24, Gazprombank, the bank "ZhilFinans," Bank of Moscow Bank "Moscow Mortgage Agency" (MIA), the Savings Bank. Interest rates at which borrowers of other banks is invited to refinance housing loans on the secondary market, from just 13.5% for loans in dollars (Savings Bank) and from 9.1% APR for loans in U.S. dollars (VTB-24). Some banks such as Sberbank and VTB 24, set rates for refinancing program at the same level as for loans for similar programs (for housing on the secondary market, the security of existing properties). However, you can find banks, whose interest rates in obtaining loans for refinancing is somewhat higher than in the base mortgage programs (Alfa-Bank, BSGV). A number of banks holding refinancing program in its mortgage range from the purely decorative purpose. For example, Alfa-Bank offers to refinance housing loans on the secondary market, issued in rubles at 17.5 - 19.5% per annum in U.S. dollars - under 14 - 16%. Refinancing home equity loans in Gazprombank also explicitly offered only for the species: in rubles - by 19% per annum in U.S. dollars - under 14%. In BSGV rates lower, but still not competitive against the proposals VTB24, Sberbank, Gazprombank and Bank "ZhilFinans." Implementation of foreclosure crisis has forced some banks to form a separate loan program for realization of the mortgaged home. After receiving consent insolvent borrowers to sale of the pledged mortgage housing, banks have formed a database of properties that can be purchased on credit from the pledge. Such proposals are, for example, Absolut Bank, the bank "ZhilFinans" VTB 24 bank "Delta Credit" and "KIT Finance", Sobinbank, the bank "Home Credit". Individual proposals can be seen in AMT Bank (Ex-BTA Bank), GE Money Bank and Raiffeisenbank. Great popularity of these programs have not won, because housing is exposed for sale on the pre-crisis value, which is significantly higher than current prices for flats and houses. However, behind the scenes representatives of the Mortgage Bankers acknowledge that relative to the price of housing is already possible to bargain. At the same time, the purchaser of the pledged mortgage bad housing can save money on real estate services. By purchasing the mortgaged mortgage housing, do not spend money on a commission for his search, as well as for verification of the housing on the legal purity, as the bank has attended to it, yet when I took the decision to grant credit for its purchase. Some banks offer loans on mortgaged housing is much cheaper than any other program. Bank "KIT Finance" is ready to sell their worst mortgage debtors at the same rate at which they were granted in 2007 - 2008, respectively. The bank "DeltaCredit" minimum rate for loans of this kind in the ruble is equal to only 9.5%, while the U.S. dollar - 7% per annum. Sobinbank offers to buy him in the mortgaged housing loans under 12% per annum in rubles and 10% in U.S. dollars. One of the most delicious options VTB24 offers: credit ruble interest rate determined in accordance with the terms of the loan agreement the current borrower who sell the object, but no more than the refinancing rate of the Central Bank at the date of acceptance by the bank (at the moment - 7.75% annum), in dollars and euros - not more than 10%. The size of the interest rate does not depend on the size of the loan term and down payment. To encourage the implementation of mortgages, VTB 24 minimizes the costs for the borrower and loan servicing fees, which are provided for the purchase of such housing: no processing fee is charged for the issuance of mortgage, early repayment commission free at the first possible day after the issue without time limits and the sum.
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