Banks will help with mortgages – Kommersant FM
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Banks will help their depositors save for a mortgage; the launch of a housing deposit was supported by the Central Bank, Izvestia reports. We are talking about a targeted contribution to form a down payment on a future loan for an apartment, as a rule, it is 20-30% of the total cost of housing. In Moscow, for example, to get a mortgage, you need to start with about 3 million rubles. It is assumed that such a housing contribution will be long-term – more than a year. In addition, it will be subject to special insurance conditions – up to 10 million rubles.
The introduction of the new product was initiated by the banks themselves. For them, this is also a profitable tool, noted the chairman of the commission on financial markets of the Moscow branch of Opora Russia, Egor Diashov: “This is simply a form of financial discipline for a person who wants to buy an apartment according to the Win-Win principle, that is, both the investor and the financial system benefit. The main task is to ensure that deposits become long-term again.
The fact is that, starting with Covid, the structure of savings and deposits in banks has changed significantly. If earlier the average deposit term was two to three years, now banks themselves have taught depositors to place deposits for up to six months. And in order to develop the economy and investment projects, banks need long-term money. In order to realize this task, various initiatives are emerging. Housing contribution is one of them. This will translate into mortgage transactions in two to three years at best.”
The bill does not provide for the introduction of increased rates on such deposits. But the banks themselves can still offer more favorable conditions than for classic deposits with replenishment, noted the state company Dom.RF. In addition, customers who open such a product can count on discounts on the mortgage rate or adjustments to the down payment. However, there are also significant gaps in the housing deposit project, some analysts say.
For example, due to the long-term obligations of the investor, in a few years the purchase of a home itself may turn out to be irrelevant, explained Banki.ru analyst Inna Soldatenkova: “Now real estate prices are rising very significantly, and this may scare people away, since, for example, they can save , and then, due to inflation, this money will depreciate, and they will not be able to buy the housing they planned with this mortgage. Therefore, it would be worth thinking about somehow fixing the list of objects or developers from whom it would be possible to buy this housing, and they could also provide affordable housing prices through government co-financing or preferential lending.
It seems to me that this initiative would work if it were some kind of analogue of a state program, where people would know that the conditions are guaranteed by the state, that the bank will not be able to change the agreement if it has already been signed. Accordingly, it would be easier for the banks themselves to work, since the conditions for the minimum contribution would be clearly fixed; according to the amount that people can count on; on how the rate will be formed and whether it will depend on the key rate and so on.”
The largest market players, for example Dom.RF and Pochta Bank, have already announced their readiness to launch housing deposits. And Absolut Bank is developing a special deposit: for the duration of its validity, the developer will hold a reservation for a specific apartment that the client plans to take out as a mortgage.
Everything is clear with us – Telegram channel “Kommersant FM”.
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