In April 2010, the total number of banks offering mortgage loans for housing purchase in the secondary housing market, was 21. The number of banks offering trust secured loans available real estate and loans to buy homes with land on the secondary market, representing 19 banks (in the previous month - 18 banks). This is illustrated Kreditmart. As of April 2010: A mid rate on the loan in rubles: Credit product February 2010 March 2010 April 2010 Min. Max. Min. Max. Min. Max. Credit for purchase of flats in the secondary housing market 14.28% 17.78% 13.85% 19.02% 13.71% 19.70% Trust loan against existing property 17.01% 20.61% 16.69 % 21.19% 16.34% 22.00% Loan to buy a house with land on the secondary market 15.87% 18.22% 15.03% 19.45% 14.16% 19.95% of the average rate on mortgage products in April 2010 increased by 0.19 percentage points *, and was 16.91% (March 2010: 16.72%). Compared with March 2009 (19.74%) decrease in average market rates on ruble loans was 2.83 percentage points pp * (here and hereafter - percentage points), average market rate on the loan in U.S. dollars: Credit product February 2010 March 2010 April 2010 Min. Max. Min. Max. Min. Max. Credit for purchase of flats in the secondary housing market 10.77% 13.95% 10.55% 15.49% 10.81% 16.52% Trust loan against existing property 12.30% 15.95% 12.32 % 17.50% 11.98% 18.22% Loan to buy a house with land on the secondary market 12.30% 14.47% 12.09% 16.35% 12.09% 16.89% compared to March 2010 average market rate in the dollar also rose by 0.58 percentage points and in absolute terms amounted to 13.85%. Compared with March 2009 (15.48%) decrease in average market rates on dollar loans was 1.63 percentage points "The last few months in the mortgage market there is a new trend in the mortgage insurance - customers can choose to insure a given risk. Previously, the three risk insurance (insurance against the risk of loss and damage of the collateral (apartments), life and disability of the borrower, the risk of loss of property rights owner of an apartment) in obtaining a mortgage loan is a must, but today most banks (VTB 24, DeltaCredit, Moscow Bank, OTP Bank , Raiffeisen, and others) offer clients choose to insure one or two of the 3 risk. Moreover, in case of failure by the borrower from the insurance of a risk when entering into a mortgage contract interest rate increases on average by 1-3%, which is a consequence of increasing the average market rates for mortgage loans, - the expert marks Kreditmart. Proposal banks on programs with floating interest rates is limited. Over the past month average market rate for this category of loans in rubles has not changed and amounted to 12.46% (March 2010: 12.46%), and the U.S. dollar rose - 10,46% against 10.30% in March 2010 . Thus, in comparison with March 2009 (25.90%) decrease in average market rates for programs with floating interest rates in rubles amounted to 13.44 percentage points Maximum Ratio of loan to collateral for all these programs is 90%. The maximum term of the loan program loan for the purchase of flats in the secondary market is 50 years old, on purpose loans secured by existing real estate, as well as the loan to buy a house with land - 30 years. Overall, only 1% of Russia's population, according to rating agency "Expert RA", able to take a mortgage loan. In 2009, the State through various support mechanisms able to maintain confidence in the mortgage, despite the fact that mortgage lending fell to 4.3 times to 152.5 billion rubles. According to Andrei Yazykova, Director General of the Agency for Restructuring of residential mortgage loans, today in general, there is restoration of the market, the number of complaints from citizens in the agency declines. He stated this at the conference "Thawing mortgage: private initiative and public policies", which was organized by the rating agency "Expert RA". According ARIZHK, from 9 to 11% from 1.36 million borrowers have experienced problems with loan payments on the mortgage. As noted Languages, the solvency of mortgage borrowers to restore the level of 20-30% below pre-crisis. Many citizens, past restructuring, still can not handle the debt load. And one of the reasons for this include lack of lending to the real economy. "While employers do not receive the support they will solve their problems including the expense of the employee," said languages. Elena Venevtseva, Deputy Director General VSK Insurance House sees the main measure that could give impetus to the mortgage market, a qualitative increase in the input housing construction in general. Reduction of interest rates, abolition of the commission, an administrative reduction in prices of economy class will not do, according to Venevtsevoy required result. The main influence on demand and on the development of the mortgage, according to Mikhail Semenov, General Director of Renova Story Group "can have government support projects for integrated development of the territory. To date, the country in the implementation stage is only 8 of these projects. "Given the high proportion of the state in the mortgage market (according to Expert RA, the state can control up to 80% of the mortgage market) make mortgages attractive and accessible competition in the market can supply mortgage loans, - added in his speech Grigory Kulikov, chairman of the board of directors of the holding MIEL.
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