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VTB will begin issuing mortgages in Crimea

VTB will begin issuing mortgages in Crimea

CrimeaPRESS reports:

In May, VTB clients will be able to get a mortgage to purchase housing in Crimea; the transaction can be completed remotely from any region or in four RNKB offices in Simferopol, Yevpatoria, Sevastopol and Yalta, the bank’s press service told reporters.

In May, VTB clients will be able to get a mortgage to purchase housing in Crimea. The transaction can be carried out remotely from any region or in four RNKB offices in Simferopol, Evpatoria, Sevastopol and Yalta. In addition, clients will be able to obtain a loan for properties on the peninsula at any VTB branch in Krasnodar and Rostov-on-Don— quotes TASS message.

It is noted that thanks to VTB’s entry into the region, for the first time, residents of Crimea will be able to obtain a mortgage for the purchase of land plots, real estate pledged by another bank, and also combine state programs with market ones for transactions with new buildings. This will allow you to increase the maximum loan amount to 15 million rubles from June and buy larger housing in your region at a combined preferential rate.

At the same time, VTB is minimizing the documents required to enter into a transaction, reducing their number by almost 20 positions, and in August will make mortgages available to foreign citizens.

Today, 65% of mortgage applications are submitted by VTB clients through real estate agencies and developers. Considering the demand for this channel, the bank is modernizing its work with them, which will speed up transactions and give borrowers more favorable conditions for mortgage lending, — the message says.

The bank will continue to expand the functionality of its retail network, adding the ability to issue mortgages to its line-up. At the beginning of the second half of the year, the number of branches where VTB home loans can be issued will more than triple and exceed 500 points, and by the end of the year, mortgages will be available in all bank offices.

source: TASS

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