Experts have compiled a "black list" of real estate for which financial institutions are not ready to provide a mortgage. It is estimated that 5-7% of refusals occur due to the fact that the lender did not like the purchased apartment. Therefore, when registering a mortgage, it is necessary to pay special attention to the bank's requirements for the subject of pledge.
There are a lot of cases in which the lender refused to provide a mortgage for the purchase of his own house, the reasons for them are understandable and often predictable. Let's consider them.
Reason 1. The house is on the waiting list for demolition. The lender will refuse in any case, as he is afraid of losing the collateral.
Reason 2. The pledge is an architectural monument. This status implies various restrictions and responsibilities. No bank will want to take over them if it suddenly becomes necessary to resell this property.
Reason 3. The apartment has been illegally redeveloped. The fact is that, according to the law, it is impossible to change the owner in the apartment in which an uncoordinated redevelopment was carried out. In most cases, some citizens increase the area of the bathrooms by combining the bathroom and toilet.
Reason 4. Dilapidated structure, when more than 60% wear and tear.
Reason 5. If there is a separate room in the apartment.
Financial institutions can provide mortgages secured by other property. At the same time, the following category of property is not considered as collateral:
- Block and panel five-story houses that were built before 1970. Most banks classify such houses as those in the queue for demolition.
- Real estate outside the city. Banks are wary of this type of real estate.
- Apartments with gas water heaters in the kitchen. There is a very high probability of a fire in such an apartment.
- Apartments with uncoordinated redevelopment.
- Houses with hardwood floors.
It should be noted that the bank accepts exclusively liquid property as collateral, which is in great demand and is always in demand on the market.
