THE MORTGAGE HAS BEEN RENEWED! - News about real estate, Kiev, Kyiv region. Real Estate In Ukraine
Banks no longer offer loans at an apartment without a primary...Mortgages with no down payment will be no moreBanks no longer offer loans at an apartment without a primary contribution. The last of the 50 largest banks of Ukraine refused from the services of VTB Bank. Experts believe that the next three years to lend without advances banks will notThe only exceptions are special offers with higher rate for special customers or loans on which you can make additional Deposit.According to the company "Prostobank Consulting", in the last two weeks three Bank raised the amount of initial contribution (PRAVEX-Bank and Ukrgasbank - from 15% to 20%, UniCredit Bank from 20% to 30%), and two banks lowered (Kreditprombank and Marine transport Bank from 25% to 20%). The average value of the advance in the market as a whole is 19%. Analysts say that given the causes of the subprime collapse in the United States and increasing financial risks due to the global crisis, the reduction of the initial payment will not happen before mid-2009."The refusal basaveshwar loans was due to the violent policy of the NBU, which in the face of rising financial risks, he tries to protect banks from bad loans," explains financial Director of the company "Prostobank Consulting" Alexander Gray. - At the same time, such a policy the Central Bank has every reason to, because it's hard to believe that a solvent borrower wants to take out a loan in the amount of 150-200 thousand dollars. The USA will not be funds to pay the first installment".It should be noted that mortgage loans with no down payment - logical phenomenon not only for banks but also for his clients. "Although at first glance besivance loans are more attractive for the borrower due to the greater availability loans with installment allows a borrower to save on payments to the Bank on average 250 - $ 350.