The first bank is preparing to cancel the commission to promoters within the framework of preferential mortgages

According to the publication’s sources, the new conditions in the PSB will come into force on January 30. At the same time, interlocutors note, there have so far been no cases of cancellation of commissions among Russian banks. 3.5% — This is much less than in Sberbank, VTB and Alfa Bank, explained the head of the mortgage department of Level Group, Yulian Ovechkin.

At the same time, the establishment of a promoters’ commission did not change the situation with the number of loans granted. The issuances of the last two weeks of January are comparable to the results of November-December, the publication indicates, citing the DOM.RF report on preferential loans.

At the same time, Sberbank and VTB previously announced the negative profitability of preferential mortgage loans at the end of last year, when the authorities reduced subsidies.

in vtb emphasizedthat under the created conditions, banks are faced with a choice: completely reject preferential mortgages or negotiate with accredited developers.

In Sberbank, in turn, fixedthat even if the subsidies are maintained, the reduction in emissions in the first half of 2024 could be almost 40%.

• At the end of last year, the FAS began to receive complaints against large Russian banks for the introduction of a commission for promoters. Therefore, the lender provides a home purchase loan only to banking partners (who pay a commission). Credit organizations began to use this practice after the mechanism for issuing preferential mortgages was tightened.

• The Central Bank previously criticized the new scheme for banks to work with developers. The charging of a commission and the fact that the client offers a loan for the purchase of real estate only to banking partners poses risks to the principles of competition, considers the regulator.