According to the bank’s press service, Sovcombank has expanded the options for obtaining a mortgage so that a borrower can secure a loan without tying up personal assets not only when purchasing real estate from a builder but also when buying housing from private sellers in both the secondary and primary markets. This shift broadens access to mortgage credit, making it possible for more people to participate in property ownership without immediate cash collateral or liens on other assets.
All of the key steps in these transactions can be carried out remotely by all parties involved. The process stands out in comparison with many other electronic mortgage offerings where participants are typically required to appear in person. The ability to complete significant portions of the deal online reduces travel time, streamlines scheduling, and lowers the friction often associated with real estate purchases, especially for buyers and sellers who are located far apart or juggling busy professional commitments.
For those who want to proceed with an online transaction, the borrower simply applies to the Electronic Registration service. This application is the gateway to initiating a fully digital workflow that connects the borrower, the bank, and the seller in a single, coherent process. By leveraging this service, participants can move through documentation without unnecessary delays, benefiting from a modern and efficient framework designed to keep everything on track.
One of the most significant advantages of this electronic approach is that all participants—bank, borrower, and seller—can sign the necessary documents electronically and transmit them to Rosreestr for registration within a single day. This rapid turnaround helps shorten the typical timeline for mortgage registrations, enabling buyers to move forward with confidence and clarity, knowing that the formal registration with the state authority is being handled promptly.
To enable a remote mortgage transaction on the secondary market, the process typically requires a single in-person visit to any Sovcombank office. During that visit, a bank representative identifies the customer, opens any required account, and issues an advanced qualified signature (ECES). Once the ECES is issued, the client can continue the rest of the process remotely, signing documents online and coordinating with the seller to finalize the deal without repeated visits. This blend of in-person verification and online execution delivers a balanced and secure experience that supports both convenience and compliance.