Mortgage refinancing rate to privyazhut

As the "FA", before the end of March next year, VTB 24 plans to offer customers an adjustable rate mortgage, whose value is tied to the refinancing rate (currently - 13%). According to source at the bank, the product already in development. "Fixed" delta to the variable index is not defined yet, but the conditions of this program for borrowers, says the source, will be more attractive than other mortgage offers a credit institution. Now VTB24 rates for housing loans account for 14, 6-16,1% per annum in rubles and 11,1-13,85% in dollars. This rate, in contrast to the existing market of mortgage offers with reference to LIBOR and Mosprime, a free swimming is not allowed to leave. is supposed to fix it value of the first two years and determine the maximum value of the indicator in the framework of the mortgage agreement, above which, regardless of the actual situation, the variable component of interest rises will not happen. As told to "F." The market, similar products could soon appear in other banks. " The idea to use refinancing as an indicator in recent times is increasingly being discussed in government and regulatory bodies. One of promoting this tool structures - HMLA ", - says Director of the Department of Financial Institutions, Bank DeltaCredit Vadim Pahalenko. Given that the share of state-owned corporation Next year could be up to 50% of all newly issued loans in a year with reference to the refinancing rate to finance a large part of Russian banks, he said. "In conditions of instability refinancing might be a good tool for many credit institutions - said the deputy Head of retail operations, bank "Revival" Tatiana Chepenko. - Until now, the bulk of housing loans was issued at fixed rates. Because of this, even a small increase in funding costs has made many mortgage portfolios at a loss. "At the same time for the borrower, this product is more risky , for it is with the help of lenders shifted interest to the customer's risk. "But on the other hand, for banks and borrowers is almost the only opportunity in crisis", - says Vadim Pahalenko from "Deltakredita." The idea of ??mortgage programs bound to the refinance rate is now being discussed in DeltaCredit, and "Rebirth". To reduce the risk of the borrower in the "Renaissance" as VTB24 considering freezing the floating rate component of the first years of lending. According to "F." a source at market, the idea of ??a "floating" mortgage VTB24 discussed before, but then had to give up, considering the risks are too high. In this endeavor, and you can see a kind of psychological effect. Banks, tying the borrower to the indicator to be determined by the Central Bank, in a sense shifts responsibility for the possible growth of the annuity for the state.