The Central Bank supported the government’s initiative on housing deposits to accumulate a down payment on a mortgage

Depositors’ money will be insured for up to 10 million rubles, and funds from such a deposit will be allowed to be used only for the purchase of housing or financing a contract in shared-equity construction

The central bank supported the government’s initiative on housing deposits. We are talking about a targeted contribution to accumulate a down payment on a mortgage. Depositors’ money will be insured for up to 10 million rubles, and a deposit can be opened for a period of one year. The government has prepared a positive response to the bill, Izvestia writes.

According to him, funds from such a deposit will be allowed to be used only for the purchase of housing or financing a contract in shared-equity construction. The depositor will have the right to conclude a mortgage agreement with the bank where his housing deposit is opened. You can transfer money to another bank, but only to pay the down payment or repay the main mortgage debt.

The bank will have the right to refuse a housing loan. For example, if the overdue debt is more than 30 thousand rubles or the borrower has too much debt. Alexey Popov, head of the CIAN Analytical Center, assessed the prospects for launching housing savings:

Alexey Popov, head of the CIAN analytical center, “The key reason why this initiative has now begun to be discussed is that the requirements for the first installment on preferential mortgage loans have been sharply tightened, and in principle banks have become tougher in analyzing potential borrowers, and for ordinary loans at market rates, a higher initial payment is also quite often required. Accordingly, this is one of the tools to collect this contribution, it has certain advantages related to the targeted nature of the savings of these funds, maybe a slightly higher rate. But, there are also disadvantages associated with less flexibility when using this loan, a financial instrument, that is, where you accumulate it, you must also use a mortgage there. The story is generally correct, as it will show itself, we will look at the fact. In conditions of high down payment requirements, in principle, it can be popular. It is clear that when a little less flexibility is assumed, but at the same time slightly more attractive conditions, they always compensate for each other, plus or minus.”

This financial instrument will be in demand among the bank’s clients, especially if the deposit will be an advantage for the client when applying for a mortgage, says Dmitry Rakuta, founder of the Association of Mortgage Brokers, real estate expert:

Dmitry Rakuta, founder of the Association of Mortgage Brokers, real estate expert “In general, the initiative implies the accumulation of a down payment to improve their living conditions, but the proposal is made so that a potential borrower can accumulate a down payment and get the opportunity to approve a mortgage in a particular bank. In fact, the program will not be limited to any particular bank. But the interest rate will also be higher than just on a regular standard deposit. Moreover, it is assumed that all savings that will be on housing deposits will be insured up to 10 million rubles. For example, if we compare it with ordinary deposits, only 1.4 million are insured there. In general, the measure was created in order, on the one hand, to support the real estate market, but also so that the banking sector understands that the client is solvent, he has savings, and in the future this client will contact one of the banks, which will prefer according to the conditions, precisely to get a mortgage. The initiative is interesting, if it is generally competitive, unlike contributions, I think many people will really take advantage of it. Plus, most likely, there will be some kind of interest accrual tool. And if you also have the opportunity to use these percentages, it will be much more interesting, safer and more attractive than a regular deposit.”

Only an individual can open a housing deposit.

business fm on telegram

Budget revenues from privatization should increase a hundred times

New attacks on Belgorod and the Belgorod region

Boeing has failed the audit of the American regulator

Vladimir Putin’s interview with Dmitry Kiselyov. George Bovt’s comment

Advertisers spent about 900 million rubles on Instagram last year

Putin: Russia is ready for nuclear war from a military-technical point of view

Experts believe that the increased amount of insurance will help maintain customer interest in the new instrument and will make it possible to partially offset the costs of restrictions on withdrawals.

Источник