From July 1, the Central Bank intends to introduce harsh restrictions on the issuance of a mortgage

From July 1 of this year, the Bank of Russia will establish macroprudentic limits (MPL) or quantitative limitations for a mortgage. As reported «News» With reference to the press service of the regulator, at the first stage, the ban will affect the most risky borrowers who spend more than 80% of their income on duty and have a low down payment-no more than 20%.

The values ​​of macroprudentic limits will be determined based on the situation in the economy and, in particular, in the mortgage market and for developers,-specified in the press service of the regulator.

The head of the Analytics Committee of the Russian Guild of Managers and Developers (RSUD) Mikhail Khorkov, in an interview with the CIAN. Zhurnal correspondent, said that the new restrictions would not lead to noticeable changes in demand, but will addressly limit the possibilities of working with highly risked borrowers.

I believe that at the moment there are already few such extraditions. New tools may be needed later, when the market goes to growth— the specialist notes.

Kamila Fazlyeva, the head of the mortgage bureau and the Elektronodda.rf project, emphasized that mortgage lending as a housing purchase tool should work for those citizens for whom the mortgage loan is not a serious threat to the family budget.

Borrowers should have accumulations, and the state should give an incentive to their appearance. Therefore, the requirement of the minimum initial contribution is quite logical and reasonable. Here, not only banks are insured, but also borrowers themselves, buyers of apartments. Perhaps not everyone is fully understood, but these changes in the conditions of mortgage lending are positive for the mortgage market and the housing market as a whole, — — The expert summed up.

source: CYANOGEN