Mortgage will provide vacation credit

Many large banks are ready, without the involvement of the country, without the help of others to cope with the refinancing of loans in foreign currency. In their power to provide borrowers a grace period up to 12 months.

From 10s of the leading banks in terms of mortgage in the currency only in the Bank of Moscow has announced that it is ready to enter the "payment holiday" for up to 12 months, informs Kommersant. During this period, you will be able to repay from 30% to 60% of the template monthly payment.

VTB 24 prepared individually, upon request of the borrower, to consider the possibility of preferential mortgage loans in rubles and in foreign currencies. Sberbank also ready to go for refinancing currency into rubles, but it was necessary compliance with specific criteria.

In Gazprombank reported that they plan to find a Central cash rate for refinancing in rubles, but with all of this bet will be to respond to new market realities, leads to "Kommersant" opinions banks on this issue.

The question of the likely restructuring cash mortgage was the subject of discussion in the state Duma Committee on financial market. According to the newspaper, discussed the option of bringing to the dilemma of the seller, who had experience of restructuring of the mortgage loans in the crisis of 2008-2009. However the seller has categorically against it. "The Agency does not see the need to help cash to the borrowers, as a long time their pay was lower than that of the ruble borrowers. So, they were received material benefits and using it would make some provision for monetary danger," - said General Director of AHML Alexander Semenyaka. In this case the course may be given different idea. According to the state Duma Deputy Anatoly Aksakov, the Committee may recommend to make corrections to the law on mortgage creation vacation (approximately two to three months), during which banks and mortgage borrowers should seek a compromise. At this time they will not be able to put the foreclosure on the collateral.

AHML estimates, according to reliable information on 1 November, the outstanding mortgage loans in foreign currency risks",- said General Director of AHML Alexander Semenyaka. In this situation, the course may be given different idea. According to the state Duma Deputy Anatoly Aksakov, the Committee may recommend to the amendment to the law on mortgage creation vacation (approximately two to three months), during which banks and mortgage borrowers should seek a compromise. At this time they will not be able to foreclose on the collateral.

AHML estimates, according to reliable information on 1 November, the outstanding mortgage loans in foreign currency have about 25 thousand borrowers, of which about 4.6 thousand late payments on loans for a period of 90 days or more. Arrears mortgage is 117 billion rubles in rubles (3.5% of the total volume of outstanding mortgage loans), of which 14.2% of the debt is not repaid within the specified contract period. The main part of foreign currency mortgages are concentrated in Moscow and St. Petersburg. The average size of cash loan is 10.9 million rubles (in Moscow - 19 million), which is 6.4 times higher than the average size of a mortgage loan in rubles, the paper notes.

sections: Economics