Russians will be able to save money for the purchase of housing with the help of special deposits. Those who do not have money for the first mortgage payment will be offered to sign a housing savings agreement.
The law, developed by Anatoly Aksakov, head of the State Duma Committee on the Financial Market, and Nikolai Zhuravlev, Deputy Speaker of the Federation Council, has already been adopted in the first reading.
The deposit will be allowed to be opened for a period of more than a year. Funds from it can only be used to solve the housing issue. If a person wants to spend money for other purposes, he will lose interest – they will be paid as on a regular demand deposit.
It is allowed to deposit funds in favor of another person, that is, any family member can replenish the deposit. The amount of interest rates under the housing savings agreement is determined by the bank itself, interest is accrued annually and paid at the end of the term of the agreement. If the bank has problems, depositors will be able to receive everything invested – within 10 million rubles. Note that the usual deposit insurance is up to 1.4 million rubles. It will also be a plus for the population that the banks where the deposit is opened will be obliged to conclude a mortgage agreement with the depositor. Only people who have overdue debts or are in the process of bankruptcy will receive a refusal.
Opinions on the effectiveness of the innovation are divided. “It is unclear how such a deposit will differ from a regular term deposit, what advantages such a depositor will have over the rest, at what percentage he will be provided with a mortgage loan,” said State Duma Deputy Vladimir Sipyagin. According to him, poor and large families will be able to get interested in the contribution first of all. “But they need more than one year to accumulate the necessary funds, but much more time. Banks will charge them meager interest, which will be successfully eaten up by inflation,” the deputy adds.
Other experts admit that new housing deposits can be very useful to the population. “The effectiveness of the mechanism can be significantly increased due to floating rates, when each subsequent deposit replenishment for a certain amount will increase the rate for the entire deposit amount,” said Rustam Azizov, director of mortgage sales and implementation of financial instruments at one of the developers.
Natalia Vladimirova.
Photo: FREEPIK.COM
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