Ukrainian banks issue mortgages for the purchase of mortgaged property

17.02.2010 17:43
Property News | Ukrainian banks issue mortgages for the purchase of mortgaged property From 8 to 12 February 2010 mortgage loans in Ukraine were offered mainly by the acquisition of the mortgaged property on problem loans or real estate is put into service.
It was said by Deputy Chairman of the Board Brokbiznesbank Natalia Sinyavskaya, wrote UNIAN.
According to her, the banks have taken a wait on the eve of regime change because the possible changes in the legislative field may lead to a revision of interest rates, length of the loan.
"Mortgage loans are offered mainly by the acquisition of the mortgaged property by the bad loans with a term of 1 to 20 years - the interest rate 26-30% per annum, or on the property already put into operation (the period - from 1 to 20 years, the real interest rate is 28 -- 30,1% per annum), clarified the expert.
According to experts, news reporting period can be considered only registered in Verkhovna Rada a bill limiting the liability of borrowers to banks only the current value of the collateral on the loan.
Bill N4654 "On amendments to several acts on the temporary imposition of restrictions on some transactions in mortgages and mortgage relationships in order to minimize the effects of the global financial crisis" would take "the ultimate sales price of collateral covering the requirements of the bank loan in full, as well as prohibits the bank to receive from the debtor the difference between the duty of the mortgage and the amount received from the sale of collateral apartments, for the account of another customer's property.
Syniavska finds that the adoption of the bill not only would an increase in bad loan debt of individuals to banks, but also would force banks to tighten requirements for borrowers and evaluation of collateral, which finally put off the prospect of resuming mortgage lending. "
Agreed with her and the first deputy chairman Prominvestbanka Vyacheslav Yutkin, who believes such an initiative is a legitimate opportunity to escape from the borrower of its obligations in full. "All the risks have shifted to the creditor banks. This factor will be very limited banks when issuing new mortgages," - he said.
As previously reported, from 1 to 8 February for the purchase of housing loans in the secondary and primary real estate market offers 12 banks.
zagorodna.com
Content tags: Mortgages News
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