Head of Department of strategic development and marketing of retail business FUIB Valery Patsuy Korrespondent.biz told about the pace of mortgage lending next year.
So, according to experts, the development of mortgage lending in the next year will be quite fast, but definitely talk about this peak, which was in 2007 - 2008 years, it is not appropriate.
"As members of the mortgage market, their number will only increase. By the way, last month on the market with offers of credit came four new bank", - said Patsuy.
Thus, he continues, at the time of purchase secondary real estate loans to about 24 banks out of top 50 by assets. The expert suggested that by 2011 the number of banks providing loans to individuals close to the pre-crisis figure.
Talking about the basic terms of credit, Patsuy noted that in 2011 interest rates on mortgages will move downward - from an estimated FUIB, if at beginning of year rate will be 18 - 19% per annum, then by the end of the year rates could decline by 3 -4%.
At the same time expert of said that many banks set a floating interest rate, which is often tied to the rate of deposit. Therefore, if deposit rates will rise, it is quite likely scenario is that interest rates will also increase and vice versa.
"If we talk about the timing and amount of down payment, then today the banks are willing to lend to people for 20 years, with the first payment is at least 30% of property value. And next year, banks are unlikely to return to the practice of lending at 30 years, "- said the head of department of strategic development and marketing of retail business FUIB.
But, he adds, given the increasing competition in the market and increase the number of players, size of down payment will likely fall to 20% of the cost of housing, and to the initial payment at 0% the banks probably will not soon return.
Patsuy also said that the recent financial institution significantly tightened requirements for borrowers when compared with the pre-crisis period. But, he notes, given the increasing competition and the struggle for the client, it can be assumed that banks would be more loyal to their borrowers.
"So, for example, banks will take the work of loan applications from customers with informal income without providing employment record, etc. If" paint a portrait of the "ideal borrower, then, first of all, we note that for the banks important to have stable official income, which is especially important for a mortgage. With regard to seniority in the last place of work, it is, as before, 6 months, - the expert explains.
However, he stated that the ideal age of the borrower - not less than 25 years to retirement age at the date of repayment. And to assess the borrower's important to have more assets than the acquired property - cars, country homes, land, etc., as it speaks about the stability of the borrower, he added Patsuy.
He also answered the question about real estate banks will be willing to lend, and what - no: of course, banks will be mainly credited to next year's Resale, since not many of fininstitutov, active loans in the pre-crisis time, ready to return to lending primary residence.
"The obstacle is the fact that most of the projects under construction are on land in the short-term lease, respectively, are the guarantee deposit is not a real flat or square meters, and the virtual. The exceptions are those properties where the bank is partnering with the construction. Furthermore, many "new building" has frozen "- said Patsuy.
According to him, loans to purchase suburban real estate are now providing only the leading players in the mortgage market, with most of the bank provides loans for construction or acquisition of an object only on the security of existing properties (eg flats), which, in fact, is not a mortgage, and more consumer credit.