Banks have begun to identify borrowers who have taken out more than one preferential mortgage and to increase the rates on their loans, RBC writes, citing reviews on the Banki.ru website.
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Banks began raising rates for defaulters with “extra” preferential mortgages
Sber’s press service confirmed the information: if an “extra” preferential mortgage is identified, then the bank has the right to increase the rate for one of them to the market value.
Cases of borrowers violating the “one preferential mortgage per person” rule are “quite rare,” but in such a situation the bank actually increases the rate on the client’s mortgage loan, said Kirill Varentsov, vice president of Dom.RF Bank. He added that banks usually warn about the risks.
A VTB representative also said that such cases have occurred, but that they are isolated. The PSB says it identifies such cases before signing an agreement.
According to a representative of Absolut Bank, such cases do not exceed 0.1%. The new rate for such clients is the key rate plus 1.5-2 percentage points. Moreover, this rate will be applied “from the next payment period after the breach of payment terms becomes apparent.”
In September 2023, the authorities increased the amount of the down payment from 15% to 20% for state-supported mortgage programs and also reduced the amount of subsidies provided to banks to finance preferential programs by 0.5 percentage points.
Author:
Karina Pardaeva
Source: RB
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