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15:27 Who and on what terms loans purchase apartments from developers |
 What really cost loans, "a primary and dangerous than the joint programs of banks and property developers have found out" Money "
The number of banks that lend to "a primary, is growing every day. "If, in early 2010, real estate is not the primary market lend only about 5 - 6 banks, today it has about 19 financial institutions from the top 50 in terms of assets, "- an optimistic assessment of the situation a senior expert of the market analysts of UkrSibbank Yuri Rudenko.
However, to get credit individual borrowers are still very, very difficult. "I fundamentally do not want to take an apartment on the secondary market and decided to buy a house , which is being completed. And although the full cost of missing just 30 - 40%, Bank muryzhil "my documents for almost 2 months, and then told that the facility construction and builder - doubtful, so I will not give credit "- share your story frustrated borrower Anton.
"Money" decided to look into the conditions under which you can still get a mortgage loan to "a primary," and that it needs to be done.
That lend
For a start look at what is bank loans. Most of the lenders under the primary means of real estate only objects that are either commissioned or built on 80 - 90%. And this, of course, gives a bank guarantee that it will finance the purchase of a real apartment, not a "paper" square meters.
However, some borrowers are still willing to take risks and buy houses at the construction stage, when it stands at 30 - 50% cheaper completed. And they do not like so rigid requirements for banks. Another problem: often the bank agrees to work only with specific developers and housing lending, which at best is in the capital and regional centers, and at worst - only in Kiev and Kiev region. The logic is simple: such housing is completely liquid, and bail can be pretty easy to sell if the borrower can not repay the loan.
If the future homeowner really wants to buy an apartment solely on the construction phase and in the house, which he chose on their own, such a loan will provide, not every bank. Often, rates will be higher - almost 10 - 12 percentage points.
That is now a de facto situation is that wanting to buy real estate loan must choose first the banks with normal mortgage, and then - an apartment from among those approved by that someone from among the creditors.
The advantage of only one thing: lower interest rate - from 14% per annum. This loan is usually cheaper than buying an apartment in the secondary market. The reason for the unprecedented generosity of the banks that they are also usually finance and real estate developer. And it is important that built the apartments were sold .
Price of credit
However, not all banks' rates on lending, "the primary" are already on the pre-crisis level. As mentioned, the cheapest loans for new housing banks offering to buy apartments from their partners' developers. In this case, the loan may take 14 - 17% pa in UAH . If borrowing for housing with the "free market" rates as high as 20 - 30% per annum. Initial payment for loans from most banks will start from 30 - 50% of the cost of housing. In the end, more expensive apartment for 5 years can reach 30 - 70%, for 10 years - 60 - 150% (depending on the rates and repayment schemes).
Despite the fact that a moratorium on the issuance of foreign currency loans have already expired, the banks are in no hurry to lend in dollars and euros. At least among the 30 largest banks, only one ("Savings Bank of Russia) Real estate loans in foreign currency, and then only in Russian rubles at 14,5% per annum. ""Claims by borrowers who challenged the previously issued loans - a thousand. Therefore, banks are not interested in granting loans in foreign currency", - said, "Money," a source in the NBU.
Over time, rates of hryvnia loans will be reduced, but to count on borrowers who want to buy an apartment right now? Is that on floating interest rates. Such loans are already offered a considerable number of banks. But the "floating" means not only the possibility of lowering rates, but also the risk of their growth. But while the floating rate is still lower than a fixed 3 - 5 percentage points
Also note that the borrower incurs additional costs which are from bank to bank, in principle, little change: insurance collateral (0,25 - 0, 3% of the price per year), the borrower's life or accident insurance (0,4 - 0,6% of loan amount per year), as well as legal costs amounting to 0.1% and the pension fund - 1% of the cost of housing. Would also have to pay 1 - 2 thous. the notary and pay a one-time commission to the bank - 1 - 5%.
Should I take
Calculated as "Money", to get a loan for an apartment worth the equivalent of 80 thousand dollars in 5 - 10 years on average, one must possess the "seed capital" of at least 25 - 35 thousand dollars. The money will be for an initial fee and expenses associated with registration. "In this income (official - Auth.) Family of the potential borrower must be at least 15 - 20 ths. a month, "- assesses the chairman Energobank Helen Malin.
In that case, if the property value is 140 - 160 thousand USD, and the term of the loan reaches 10 - 15 years, the borrower will have to be reserved initially a sum of 50 - 60 thousand $ and earning per month for at least 30 - 40 ths. Of course, officially, "gray" income bankers are not interested.
If earnings are not enough, the bank may require a guarantor, and even additional collateral. Moreover, often the requirement to provide security in another property for those cases where the borrower chooses the property, which is still under construction.
In general, to take such a costly loan costs only if the object of construction are completely satisfied and still have the ability to quickly pay off the debt (for example, 2 - 3 years). In all other cases, the overpayment is too large, as well as the chance to buy a home is very questionable quality, which may or may not be delivered on time.
What are the characteristics of loans on real estate in the primary market?
· Credits are only about 20 banks.
· Low rates - from 14-15% - only for affiliate programs of banks and property developers.
· Limited choice of real estate.
· Loans only those homes that have completed at least 80-90%.
· Demand additional collateral if the borrower chooses the property.
What will it cost credit to the "primary"?
- Contributions - 30-50%.
- Real interest rate - around 20-23% per annum.
- Term loan - up to 15-20 years.
- The total overpayment to bank - up to 100-300%
On what terms the banks lend to new home?
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