In our country, for several years in a row, the most serious banking product can be considered mortgage and mortgage lending. Due to the high cost of housing in almost all regions of the Russian Federation, many families are forced to resort to this type of lending in order to acquire their own housing.
According to Wikipedia, a mortgage is one of the forms of pledge, in which the pledged property remains in the possession and use of the debtor, and the creditor, if the latter fails to fulfill his obligation, acquires the right to receive satisfaction through the sale of this property.
The legal regulations for mortgage lending and mortgages are regulated at the legislative level. The main legal act governing the issue of mortgages is the Federal Law, adopted on July 16, 1998, No. 102-FZ "On Mortgage (Pledge of Real Estate)".
Subjects of mortgage, according to the interpretation of the Law "On Mortgage", include land plots, with some exceptions prescribed in the law, enterprises, residential buildings, apartments, parts of residential buildings and apartments, consisting of one or more isolated rooms, summer cottages, garden houses, garages and other buildings for domestic purposes. It also includes aircraft and sea vessels, inland navigation vessels, and space objects.
Any citizen of the Russian Federation who has reached the age of 18 (according to the law), with certain documents and certificates, can apply to the bank for a mortgage. But in practice, the age threshold for mortgage lending is calculated from 21 years, in some banks mortgages are issued to persons who have reached 23 years of age. For young families, certain benefits are provided for mortgage lending.
In almost any bank, citizens can get advice on mortgages. The bank's customer service specialists will help you understand all the nuances of such a loan. They will advise what form of property is better to acquire on a mortgage, based on the information provided by the borrower.
Basically, a mortgage is taken for the purchase of an apartment in new buildings, but it is also possible to obtain a mortgage loan for the secondary housing stock.
According to the research carried out, there has been a recent trend towards an increase in the need for mortgages on suburban real estate. This is due to the fact that many families have begun to think about more environmentally friendly housing, about the health of the younger generation. An important fact is that suburban real estate is cheaper than city real estate. Many Russians dream of purchasing suburban real estate on the terms of mortgage lending.
Observing this trend in society, banks have developed special programs that allow Russians to achieve this goal and move to their own home in the countryside.
Credit and financial organizations, banks always issue loans without any particular obstacles for the purchase of housing in the primary housing stock. This is due to the fact that apartments in the "primary" always remain liquid, which cannot be said about suburban real estate. Banks take on certain risks, and therefore the interest rate on mortgages for the purchase of a country house is slightly higher, by about 2-4 percent.
When contacting banks, a citizen who wants to apply for a mortgage on suburban real estate will have to comply with the following conditions:
· The value of real estate (collateral) owned by the borrower must be equal to the amount of funds issued;
· The real estate on which the mortgage is taken should not be encumbered (the rights of third parties to own real estate);
· The seller has ownership of the land on which the dwelling will be built;
· The land plot will be intended only for individual construction of individual housing construction.
The borrower has the following requirements:
· The age of the borrower must be from 21 to 75 years old;
· Obligatory official employment;
· Availability of permanent or temporary registration;
· The ability of the borrower to attract co-borrowers income, which will also be taken into account when issuing a loan.
Considering all the subtleties of a mortgage for the purchase of real estate out of town, we can conclude that it is much more realistic to get a loan for a brick house with all communications within the city than outside the city for a wooden building. However, if, nevertheless, the choice is made and a decision is made to move out of the city, then you can contact the following banks to obtain a mortgage for a loan.
Here are the most popular and most profitable offers for mortgage lending.
Sberbank PJSC - interest rate from 12, 25% per annum. In this case, the minimum loan amount will be 300,000 rubles, and the maximum - 75% of the appraised price of the house. Down payment - from 25%. The offer is valid for clients from 21 to 75 years old.
AO Rosselkhozbank - housing loans in the amount of 100,000 to 20,000,000 rubles. Down payment - from 15%. The basic rate is from 9, 5%. There are no fees for registration. This offer is relevant for Russian citizens aged 21 to 65.
Credit Bank of Moscow JSC - interest rate from 13, 9% per cent per annum. Down payment - from 15%. Free registration and service. Amount from 1,000,000 to 30,000,000 rubles. No restrictions on early repayment.
