In January 2024, Russian banks began to more often refuse to issue concessional mortgages to the population for the purchase of housing in the primary market. The newspaper writes about this “News” Referring to the company “Etazhi”.
“In fact, only one in every two applications for the purchase of new buildings under concessional mortgage programs receives approval,” said Tatyana Reshetnikova, deputy head of Etazhi mortgage department.
According to the expert, the number of rejections increased after the conditions for granting privileged loans changed at the end of 2023. Starting from October 1, Russia tightened the requirements for the minimum down payment amount, increasing this rate to 20%.
Reshetnikova also emphasized that banks are becoming more selective in choosing borrowers. In particular, credit institutions began to impose higher requirements on the amount of client income.
previous day reportedThe volume of mortgage loans issued in the Russian Federation has reached a historical maximum.
Formerly economist Andrei Barhota answered Statement of the Bank of Russia on privileged mortgages.