The situation on a real estate primary market hardly probable will change for the better, as banks don’t want to credit builders and many not completed objects already have been credited for some times and sold.
The quantity of granting of new credits will grow. We expect increase in this indicator in one and a half-two time in comparison with 2010. Thus 70 % from total number of the given out mortgage loans will constitute loans for habitation purchasing for a secondary market. At an average term of the loan is for of 10-15 years — the chief of department of development and support of retail credit products predicts.
Financiers, not so long ago were really against from issue of loans for real estate, have started to come back in large quantities in this segment: if in the beginning of 2010 the request for mortgage borrowings accepted only about ten banks to the beginning of current year there were the number of more than 25 banks. However, the lion’s share of creditors agreed to lend borrowers money exclusively under habitation purchasing on a secondary market. New buildings on the security of acquired object at present credit hardly more than ten banks. Basically they implement projects together with partners-builders so borrowers should choose habitation only from several objects.
The competition aggravation has already born the first fruits: rates on mortgage loans on a secondary market sharply have gone downwards. Crediting periods were gradually extended also. To the beginning of year more and more banks showed readiness to lend to their clients money for 15–20 years, instead of 10–15, as earlier. The borrowers can count on the big benefit, risked to take the credit under “the floating” rate. Such loans now offers more and more banks, trying to secure thus itself against price fluctuations in the resource market.
This year floating rates on mortgage loans will be in a corridor of 14-16 % fixed — 16–18 %, — the vice-president of board of joint-stock company predicts.
Thus bankers still keep high enough lath of requirements to borrowers and in the near future don’t intend to reduce it. Some financial organizations enter also additional parameters of estimation. For example, consider business reputation of the client, its general service life and work term on the last place marital status etc. One more stumbling-block on a way to mortgage loan reception — the high size of an advance installment which bankers demand. Before to obtain the loan it is necessary for client to save up to 30–50 % from habitation cost.
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