Muscovites have increased their share of insurance refusals to almost 10% when applying for mortgages for new buildings, and people over 55 mostly try to refuse. About this newspaper “Izvestia” declaration Analysts at NDV Supermarket Real Estate.
Analysts noted that borrowers justified their refusal to enter into insurance contracts with higher insurance rates. 94% declare their refusal immediately and only 6% after agreeing to an insurance contract.
According to experts, compulsory life and health insurance is not provided by law. In addition, title insurance and liability insurance against non-repayment of the loan are not mandatory conditions for applying for a mortgage. The only type of insurance that is compulsory under the law is the insurance of the acquired property.
The publication added that banks increase the mortgage rate by an average of 1% in case of denial of additional insurance services.
March 12, real estate expert, lawyer, head of online brokerage Anna Pisankova statedBecause there are so many mortgage programs, you need to decide on the property to buy before making a decision.