From January 1, 2025, the Central Bank of the Russian Federation will introduce a new unified mortgage standard.
This innovation will have a significant impact on the mortgage lending market in the country.
Doctor of Economics, professor of the Plekhanov Russian University of Economics Natalia Prodanova shared her opinion on the consequences of this step in an interview with Podmoskovie Segodnya .
She explained that the introduction of a single mortgage standard would lead to several important changes.
Prodanova noted that fewer Russians will be able to obtain a mortgage loan due to the tightening of conditions.
At the same time, the new standard will make mortgage products more understandable.
This is important for borrowers who are poorly informed about their rights and do not always understand the consequences.
Also, the amount that will be returned to the buyer after purchasing the property cannot be included in the down payment.
This will make it more difficult for potential borrowers to obtain a mortgage loan.
The expert emphasized that this initiative is aimed at reducing the level of indebtedness of the population and “cooling” the mortgage housing market.
