Practices continue to spread in Russia when banks offer customers to buy a low mortgage rate or lower interest rates for the first two or three years, while simultaneously overestimating the cost of housing. About this newspaper “Izvestia” said at the Central Bank.
“The Bank of Russia continues to work to reduce the risks of mortgage products and limit such programs,” the Central Bank said.
Major banks confirmed to Izvestia that there is an option to buy low mortgage rates in the market. Sberbank explained that borrowers, as a rule, choose to reduce the rate by 1.5 percentage points (pp). They added that in total, more than 22 thousand customers use the program, saving a total of 6.1 billion rubles. VTB stated that there are no additional risks associated with the debt burden of the borrowers and the compliance of the program with the requirements of the Central Bank. The bank introduced the option on May 10. You have to make a one-time payment to reduce the rate by 0.5-0.8 percent.
Banks start offering discounted mortgages to borrowers it happened Known in May. The Central Bank then stated that the borrower should understand that it will only benefit in the long run, when the savings in interest payments are more than the amount of commission paid to the bank for the interest reduction.
The Central Bank had recorded a significant deterioration in the quality of housing loans it had previously given. In its policy brief last year, the regulator underlined that high-risk loans in the new construction segment increased by a record 69% in the fourth quarter of 2022. A year ago, this figure was 43%.
formerly Siluanov said about pessimists and optimists.