The decision of the Central Bank of the Russian Federation to ban borrowers with consumer loans from obtaining mortgages will affect 40 million Russians, that is, the majority of the country’s active population. This forecast was given to socialbites.ca by Vladimir Shchekin, the founder of the Rodina development group.
“In total, 21 million Russians have at least one loan, another 10 million have two loans, and another 11.2 million have three or more loans,” he said.
According to Shchekin, the increase in down payments on mortgage loans will significantly reduce the demand for them. More than 50% of borrowers received a mortgage when the down payment was less than 20% of the total amount.
The developer believes that “an increase in the premium will force Russians to save for a mortgage longer, which will be difficult in an inflationary environment.”
The Bank of Russia announced in its information and analytical bulletin on Monday the introduction of a ban on taking out a mortgage if you have a consumer loan. The regulator announced that there were 1.8 loans per mortgage holder in the second quarter of this year, while this figure was 1.6 in the previous year. At the same time, among bank customers there are those who took a consumer loan to pay a mortgage down payment, including in the amount of 100 thousand rubles. The regulator also advocates increasing the first payment amount on home loans.
More details material “Newspapers.Ru”.
previously economist didn’t ignore it Mortgage loan interest rates rise to 20 percent annually.