It is unlikely that someone has to prove that the acquisition of property to a reasonable mortgage. Too many buyers, even with the required amount, prefer to leave it where it is (for example, in business), and take the money to buy the bank. All these reasons are valid for the Russian market, become doubly valid when buying property abroad. Thence loans banks give a 5-6% per annum - this is much lower and our interest and our inflation rate. Moreover, in many countries the state is interested, the buyer, where he got the money? This is especially true of people who came from the "wild and mysterious Muscovite", where - as we know - bears walk the streets and runs the horrible Russian mafia. In such circumstances, to produce a document that the money borrowed in a solid bank - so save yourself from a variety of intrusive questions, but first we have to solve the main problem - to find out where to take the credit: the place of purchase or in a Russian bank? Internet Journal of Real Estate Metrinfo tried to sort out this problem. Foreign banks: very nice question, "the conditions under which foreign lenders are willing to give you a mortgage?" Is not exactly correct. More precisely, the correct answer in terms of pull on "War and Peace ': many countries in the world, banks are in even more, and each has its own individual programs and circumstances. However, even the most superficial acquaintance enough to understand - "their" terms of our more profitable. In particular this applies to interest on the loan - against the background of Russian reality, they look just fantastic. "Today's interest rate - 5.5-6% per annum, - says Julia Titova, head of foreign real estate company" BEST Real Estate. " - Credit is given for a period of 10-25 years, its amount to 50-70% of the purchase price - it depends on the object itself and the reliability of the borrower. Really get the loans in Cyprus, Spain, Italy and France. " "In Germany - a loan of up to 10 years, from 4.5% to 5.3% per annum. In Spain and Cyprus - terms of 5 to 15 years, interest from 4 to 5.7% per annum, the initial payment of 30-40% depending on the documents submitted by the borrower. Bank of Cyprus, have offices in Moscow and the customer can get a loan in Moscow. In the case of Germany and Spain, required travel to the country for processing credit mortgage loan. The guarantee is mainly acquired property, but the banks always pay attention also to the amount of official salaries of the borrower in his country and the availability of real estate in the country. Usually, the combination of these factors and is the basis for granting the loan, term and interest "- adds Maxim Zalewski, head of foreign real estate," Credit MAX. " Timing and size of the loan, as we see quite the same as in Russia. But interest ... Domestic banks, of course, explain that their foreign counterparts have access to cheap "long" money, and therefore able to give money to subprime borrowers on so favorable terms. But the citizens of these explanations is not easy from all popular countries today most experts believe the most attractive Spain. Alexander Yasonova, deputy head of sales and distribution unit, "Mortgages" Alfa-Bank, calls still lower rate on the loan: "Bet there is 3.5-5% per annum. For example, in France, these figures are 4.5-6%, in England - 5-6.5%. " Also in Spain the maximum loan amount can reach 80% of property value. In addition, the expert said, there are many additional benefits - such as delaying payments on the loan. In some cases it may be up to one year. Echoes of the mortgage crisis, but there is nothing without its problems. They are related, as all have already guessed, the famous subprime crisis, because of which banks have become cautious in lending. The main victims were foreigners tightening of the various "obscure" countries - including the Russians. "Conditions are worse - said Julia Titova. - Where once was given a credit of 70% of the purchase price, now give only 50-60%. Increased interest rates: they are now about 5.8% (average for the most popular countries), and two years ago was 4%. In fairness, I note that the foreign borrower never had the same opportunities to residents. In France, the loans were possible in 100% of property value - but for non-European Union that was never available. For foreigners, there are also no preferential lending program (eg, "young family"). " Alexander Yasonova mentions a certain "counter-trend" - the Russians in recent years have been actively buying overseas property, banks are gradually getting used to such borrowers, and more willing to give them credit. But alas! - Until this process openly weaker than the problems in the interbank market and the conservatism of Western bankers. It has already been repeatedly named Spain as a "ray of light": and the interest to foreigners are lower and easier to obtain credit. A similar situation in the United Arab Emirates - where the size of the down payment may be only 10-20%, 80-90 for the remaining bank will credit. Natalia Vetlugina, head of analytical department of "New Town", with quite a skeptical look at this "beauty" - in her opinion, she is not a consequence of "kindness" there the bankers, but a manifestation of more mundane considerations. "Everybody knows that the Spanish market - stagnation - said the expert. - Prices have soared, buyers are very few. Foreign investors (mostly from the richer countries in Europe) moved on to other markets, the Spaniards also buy reluctantly, because the country's high unemployment rate. So developers are pleased thence to any buyer. " As an alternative example, Natalia Vetlugina proposes to consider the Austrian market - where the state is not interested in foreign acquirer, in fact, actively prevents their penetration into the market. Even with the money, the foreign buyer must obtain special permission from the authorities. The issue of mortgage is simply not worth the Banks: pricey, but understandable Mortgage in the classic sense, ie when the acquired property becomes collateral for the loan, here is impossible. If the borrower has any problems, and he can not pay the loan, take away his property through the courts will have to foreign countries. This is a very long, expensive (some lawyers speak the language and know the local laws of that would cost!), So that Russian banks are in principle not engaged in such lending. What's possible? Theoretically, you could take a consumer unsecured loan. However, its dimensions are rarely more than 1-1.2 million rubles - for the real estate market is a paltry sum. In addition, interest on such loans may reach 20% or even exceed this figure. Consumer credit is only meaningful if you have a basic amount for a purchase, do not have some small - that these thousands of euros 10-20-30 and crediting. More look attractive consumer loans secured by real estate in Moscow available for any purpose. In this case, the bank does not ask why you take the money, so why not let the acquisition of the object in the "zarubezhke." Says Julia Titova, standard terms and conditions of such loans - the amount to 50-80% of the purchase price, terms of 5-10 years at 15-20% per annum. That is, harder than a regular mortgage, but still better than a regular consumer credit. Oksana Kaplina, head of the company's quality Hirsch, draws attention to this aspect when granting consumer loans secured by housing banks, as a rule, much less carefully check the solvency of borrowers, and their salaries. For people with solid incomes, but not able to clearly explain their origin (in today's Russia is a fairly common situation), this observation may be significant. And one more thing. Few people know that conditions in the West, a mortgage is usually fixed for 2-3 years. It is assumed that after the parties will meet again and discuss the conditions on the basis of the changed (or not) change the market situation. What happens - to explain is probably not necessary: the bank raises interest you, and you have nowhere to go, except that will be able to refinance with another bank. When communicating with our banks, thank God, at least of these "surprises" customer spared: the contract is at once the whole time and not subject to revision. Summary of course, better to buy property with borrowed funds - we talked about this at the very beginning of this article. If it's there, it is better to borrow in the country of purchase: lower interest rates offset all the other inconveniences. But there are countries where mortgage loan for the Russian, if not impossible, then at least very difficult. In such cases, reasonable use of consumer credit secured by existing housing (non-mortgage) in a Russian bank.
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