Mortgage for a new building: advantages and disadvantages

Mortgage for secondary housing

To obtain a mortgage for a secondary home, the borrower must collect the necessary documents and send them to the bank.
Which apartments are not suitable?

If the borrower is unable to repay the loan, the bank must be sure that the purchased property can be sold.

Let's highlight the main factors that credit managers pay attention to:

Age of the house. If the building is older than 1975, banks will most likely refuse to finance such an apartment. Problems may soon arise with such housing: dilapidation, the need for major repairs.
Condition of the house and apartment. If a building is officially declared unsafe, then it will not be possible to obtain a mortgage for an apartment in it.
Participation in the renovation program. This mainly concerns housing on the Moscow market. When the government announced the renovation program, some citizens tried to buy housing in Khrushchev-era buildings in order to get apartments in new buildings. Banks refuse to finance such housing.

How to register a new building as a property purchased with a mortgage

Depending on the region, the future owner, developer, lender and Rosreestr itself, other documents may be requested. Rosreestr employees do not require you to independently fill out an application for registration of property rights, since they themselves fill it out on the computer in order to eliminate errors and typos. The future owner checks that this document is filled out correctly and then signs.

In this case, apartment owners who are interested in registering their property rights as quickly as possible are forced to first order technical plans for residential premises from the BTI, and then, together with applications, transfer deeds and share participation agreements, contact Rosreestr to register apartments on registration and issuance of cadastral passports. If the housing was purchased on credit, then it is necessary to prepare a mortgage document or a loan agreement, and if it was purchased for a minor, then obtain permission from the guardianship and trusteeship authority. Documents for registering ownership of an apartment under DDU According to paragraph.

Interesting: Classifier of permitted types of land use 2020

How to get a mortgage

The whole process can be divided into 3 stages:

choice of bank;
submitting documents for obtaining a mortgage;
conclusion of a contract and purchase of real estate.

The main list of documents for obtaining a mortgage on the secondary housing market is as follows.

passport;
a copy of the work record book or employment contract, certified by the employer;
Marriage certificate;
TIN;
SNILS;
certificate 2-NDFL;
military ID - for men under 27 years of age.

Banks may require additional documents.

New building mortgage

Advice from lawyers:

1. Is title insurance required for an apartment with a mortgage in a new building?

1.1. Yes, this is defined by the Federal Law “On Mortgage”

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2. The third child was born in April 2020. The mortgage is not social and not a new building.

2.1. There is not even such a law yet. You never know who said what. We need a law that doesn't exist yet.

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3. We have a mortgage in a new building. When can we register the title to the property?

3.1. If the house has not yet been built, then you do not have ownership rights, but only the right to claim it. But after putting the house into operation and receiving all the documents from the developer (certificate of payment, documents for the object, if you are the first shareholder registering property in this house), you can register your ownership. Also coordinate this procedure with the bank, because... the object is held as collateral (mortgage). I hope I helped you. With best wishes, Andrey Ivanovich Shutov.

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3.2. When the apartment, or rather the house, is built and put into operation, you will receive a transfer and acceptance certificate and register your property rights.

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4. The couple took out a mortgage for a new building, which will be completed next year, and divorced this year. What to do if the contract is for both spouses, but monthly contributions are made for one spouse. What to do with an apartment that has not yet been rented out?

4.1. The mortgage can be divided equally by collecting the share of the second spouse through the court.

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4.2. The spouse paying the mortgage has the right to file a lawsuit against the other spouse to recover 1/2 of the funds paid after the divorce. A mortgage loan is a common debt of the spouses by virtue of Art. 34 of the Family Code of the Russian Federation. After renting out the apartment and receiving documents on the ownership of it (1/2 share in the ownership of each spouse), by agreement between the spouses, a decision can be made on the disposal of the apartment. Alternatively, you can draw up an agreement on the division of property and debts with a notary.

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4.3. Apparently you are co-borrowers. Accordingly, the debt, jointly and severally, lies with both. In accordance with the loan agreement, you are obliged to provide the bank with any information about changes in your life, such as a change of job, address and marital status, among other things. After submitting divorce documents to the credit department, the bank will make a decision, which will be communicated to you.

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5. The bank refuses additional requests. an agreement to reduce the rate under the preferential mortgage program (we had a second child) on the existing mortgage agreement. Reasoning that we bought an apartment in a new building under the housing cooperative scheme.

5.1. Yuri, write a complaint to the prosecutor’s office and the Central Bank of the Russian Federation.

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6. I bought an apartment in a new building under an assignment agreement. Then she got married. I plan to pay off part of the mortgage with capital. My husband will not apply for an apartment? Will he not have to allocate shares when selling it? And will it be easy for me to sell this apartment if funds from mat capital are invested in it?

6.1. Hello) When using maternity capital, you will need to allocate shares to all family members.

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7. We took out a mortgage for a new building, and in the first year we paid all types of insurance, including title insurance. But no one lived there except me, as the housing was from the developer. There is one entry in the registration chamber for this apartment. Is it possible for me not to pay title insurance for the next year, although the agreement with the bank stipulates paying for 3 years?

7.1. No, in this case, insurance of the main building structures (title) must by law be valid for the entire period of the loan obligation, otherwise this is the basis for termination of the contract and demands for the return of the entire loan amount with interest.

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8. I bought a new building of 1,300,000 in ownership for less than a year, I applied for a deduction from the purchase, I want to sell the apartment. How much sales tax will I have to pay if I've owned it for less than a year? When can I apply for a deduction on mortgage interest and can I apply after the sale of the apartment if the mortgage is fully repaid? And will the remainder of the deduction from the purchase be transferred if I did not receive it?

8.1. Hello! You can offset the cost of your purchase and pay tax on the difference. It should be taken into account that selling an apartment at a price below 70% of the cadastral value is not recommended.

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9. We want to take out a mortgage for a new building. The borrower will be the son-in-law, and the co-borrower will be the mother-in-law. Will the bank issue a loan?

9.1. This issue is resolved solely at the discretion of the bank.

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9.2. Good morning! Everything will depend on the financial situation of the mother-in-law and son-in-law. If they are employed and receive a stable salary to pay off the monthly mortgage payments, then the bank will issue a loan.

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9.3. Here, the financial situation of creditors such as the bank itself, after a preliminary check, is exclusively decided.

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9.4. Hello. Will give it away.

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10. I am taking out a mortgage for an apartment from a developer in a new building, and they are asking us 50 thousand for booking this apartment. Is this how it should be, or can I not pay this money?

10.1. This reservation should then be included in the price of the apartment.

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10.2. Hello. It should be included in the price.

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11. We want to buy an apartment with a mortgage in a new building (construction is not yet completed), but not from the developer, but through an advertisement from the owner (they have a joint agreement with the developer)… we do not qualify for the rate of 6.1 (this is the rate from the developer)… How can I get a mortgage?

11.1. Keep in mind that you are not purchasing an apartment, but the right to claim an apartment from the developer, which he will one day build.

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12. A dilapidated house is being demolished. The apartment is 19 m2, of which 16 are residential. They are given in the secondary market. Can I get a mortgage for an apartment with a large square footage from a developer, for example, not take it in cash, but pay it as a down payment? Or not in a secondary building, but in a new building. What can they give me for such meters; secondary housing does not have such footage.

12.1. You can get a mortgage, if the lender agrees to it. But if we are talking about property, since we are talking about a mortgage, they may not offer anything, but limit themselves to paying compensation, see Art. 32 Housing Code of the Russian Federation.

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13. A large family received housing benefits. We are purchasing an apartment in a new building. There are not enough funds from the certificate. My son, 21, will apply for a mortgage. Is it possible to get an apartment only in his name? In order not to be a co-borrower for mom and dad because the credit history of the parents is violated.

13.1. Yes, you can, but mother and father will need notarized waivers to participate in the purchase of the apartment.

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13.2. Hello! The borrower must be the recipient of the civil housing construction project. If your son is included in the certificate and his income allows you to take out a mortgage loan, then you can. When applying for a mortgage, the co-borrowers in any case will be you or your spouse, because You have received the GHS. Your son cannot be a full owner, because... The civil housing lease is issued to all family members and shares in the residential premises will be calculated immediately for all family members, even for minor children. Please do not forget to rate the answers. Your rating is very important. All the best!

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14. The house under construction will be rented out in six months, a mortgage specialist at the developer’s office explained that the pension fund freezes the use of maternity capital as a down payment for an apartment in a new building six months before the commissioning of the property. Is it so. If it is not possible to use maternity capital for this reason, then on the basis of what legal documents?

14.1. Your office divorce specialist is lying like a gray gelding. Don't go to them without a lawyer.

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15. Situation: my son and I want to buy an apartment in a new building. We are planning to take out a mortgage. Question: what needs to be provided so that we both are the owners of the apartment after its completion? It is clear that we both must be parties to the share participation agreement. What are the requirements for a mortgage? Do we have to be co-borrowers? Or can my son take out a mortgage only for himself, and I can appear on an equal basis with him in the equity participation agreement, without being a co-borrower?

15.1. If in the agreement you are specified as a borrower and co-borrower, then you automatically become the owners... if not, then the owner is the one who is in the agreement.

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16. There is an existing mortgage in a new building at 11 percent per annum, the agreement was concluded in March 2020! Is it possible to refinance this mortgage at a preferential rate, since the housing has not yet been accepted! In the family, the mother is divorced, and there are two children born in 2020 and 2020.

16.1. If the bank agrees, of course.

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17. I want to buy an apartment with a mortgage in a new building from a developer, but it turns out that the apartment is pledged to the bank because the house was built with borrowed funds. What nuances might there be?

17.1. Good afternoon The caveat is that until the developer pays the bank in full, you will not be able to register your apartment, and therefore you will not have ownership rights to it. Here you either ask the bank to remove the encumbrance on this apartment or refuse the transaction.

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18. My husband filed for divorce in September 2020 when I was 5 months old. pregnancy with a second child. The children are all from him. During the 6 years of marriage they lived at my expense, he did not work anywhere, I still managed to save up. After the divorce, I continued to work and save. I gave birth in February 2020 and recently took out a mortgage for an apartment in a new building, where there is a 70% down payment and the rest is now awaiting a transfer of mat capital from the Pension Fund. Can a spouse claim to share this apartment within 3 years? Otherwise everyone has already intimidated me.

18.1. It cannot; the spouse can only claim a share in the property that was acquired during the marriage. Everything that you acquired after the divorce is only yours.

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19. Question about obtaining a tax deduction for interest paid on a mortgage. The apartment was issued with a mortgage under the remote control (new building) in 2014. The transfer deed was signed in December 2020. Is it possible to get a deduction for 2020 - 2020?

19.1. Hello, Evgeniya! Unfortunately, the right to deduction begins from the moment you receive the apartment, that is, from the moment you sign the acceptance certificate for the apartment. You can receive a deduction only for 2020 (subclause 6, clause 3, article 220 of the Tax Code of the Russian Federation).

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20. My name is Kalida. I am 63 years old. I receive an average pension. I have the amount of 2/3 of the cost of a new inexpensive apartment in new buildings in St. Petersburg. Will I be able to get a mortgage at 6.5%?

20.1. The question is not legal. It depends on the lender whether he will agree to provide a loan in the required amount in your particular case.

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New building, mortgage, Moscow region, 1st floor, high ceilings (4 m), I want to make a mezzanine floor + move the wall between the rooms...

Mom took out a mortgage in a new building, the property will be handed over soon, the guarantors are her daughter and husband, there are 3 owners in the remote control, how can we redo the remote control so that only my mother is the owner?

We have taken out a mortgage in a new building, the apartment is divided into three shares, how can I get it for one person?

I bought an apartment on the secondary market, used maternal capital, and allocated shares to the children.

I am 51 years old, I have housing in the village, but there is no work there. I want to buy a small studio in a new building.

Please tell me whether the bank can buy an apartment (mortgage) under a preliminary agreement, since the new building and the house have not yet been registered with the cadastral register. Thank you.

They sold an apartment with children's shares. Because the new apartment was in a new building and was not rented out, we had to give shares to the children from their parents.

There are four owners in my apartment, me, my husband and two minor children,

I purchased an apartment in a new building with a mortgage. I signed the acceptance certificate stating that I accepted the apartment, I have no complaints.

For 3 children they give 450 to pay off the mortgage. We have a mortgage, but the house is not in a new building. Can I count on this money?

Who is entitled to assistance with a mortgage in a new building upon the birth of a second child in 2018? We are not married.

Military mortgage

Any serviceman of the Russian Federation can buy real estate in a finished house or one under construction using a special mortgage program.

Zenit Bank offers the most favorable conditions for military personnel with state support - 4.9% per annum. You can also get a military mortgage for the purchase of a new or finished house at Dom.RF Bank with an interest rate of 7.5%. Now the state program applies to military mortgages in the following banks: Bank Russia, Zenit, Severgazbank and Promsvyazbank.

By collaborating with the specialists of Financial Pomoga LLC, you can count on:

Individual consultation with a mortgage broker on the entire procedure for obtaining a mortgage from loan approval to receiving the keys is completely free.
Selection of several partner financial institutions with favorable lending conditions for you.
Competent and correct paperwork to buy a new building with a mortgage.
Providing turnkey services: support at all stages of cooperation until the execution of a loan agreement with the bank and signing of the agreement with the developer.

We will help you obtain a mortgage for a new building:

with zero down payment;
with a bad credit history;
stateless persons;
without income certificates;
preferential categories.

Many people turn to us to get a mortgage for a new building in a rented house!

We also supervise new buildings with military mortgages, refinancing mortgages for new buildings, issues related to the transfer of apartments in a new building, etc.

Call: +7 , we will answer all your questions.

Applying for a mortgage in a new building is a complex process involving several stages. If a specialist does this, then all procedures will be completed in the shortest possible time. If you think that you can do everything yourself, we suggest you evaluate your strength by becoming familiar with the intricacies of the registration procedure. This is the only way you can understand that the work that our mortgage brokers do is not for everyone.

Mortgage in new buildings

Purchasing an apartment with a mortgage in new buildings is actually more profitable than on the secondary housing market. Firstly, you are buying an apartment in a new building, and secondly, at the foundation pit stage, real estate costs 25-30% cheaper than a commissioned property.

Of course, buying an apartment in a building under construction involves certain risks. For example, where are the guarantees that the developer will not postpone the delivery date and will deliver the property on time? And you, perhaps, rent a house, and every month of delay in delivery hits the family budget. In this case, you need to play it safe and buy an apartment only from a developer with an impeccable reputation.

But the risk of ruin of the developer and loss of invested funds became minimal after the launch of the program using escrow accounts. This is a form of freezing money in a special bank account. The developer will not receive the buyer's money until the house is completed.

Now on the new buildings market there are a large number of programs with favorable mortgage conditions.

4.7% – Sberbank, mortgage with state support for families with children. The term is up to 30 years, the amount of the down payment is 20%.
4.1% – DomKlik from Sberbank, new building with subsidy. The discount from the developer is valid for the first 2 years of the loan. For the remaining term of the loan the rate is 7.6%
6.1% – State support 2020 from Sberbank for all categories of the population. Valid until November 1, 2020 (program extension possible).
At Rosbank you can submit documents to purchase an apartment in a building under construction at a rate of 4.35% per annum with a down payment of 20%. The loan term is up to 20 years, and the borrower’s age is 20-65 years.
Raiffeisenbank offers families with children a mortgage with state support at 4.99% for up to 30 years. The down payment amount is 15%.

How to register ownership of a new building under a mortgage agreement

The insurance company can be chosen by the borrower himself, but the bank will definitely recommend one of its partners. Payment for new construction insurance is usually paid in the form of the 13th payment annually. For the first time, you must pay immediately upon concluding the loan agreement.

Interesting: How is the test for a category license carried out?

Spare no expense, contact an experienced lawyer to conduct an examination of the draft agreement. This could save you hundreds of thousands of dollars in the future. Security of the DDU agreement The state guarantees the security of the DDU agreement as the only possible document concluded between the developer company and the future owner of the apartment.

conclusions

The lowest interest rates apply to the purchase of apartments in new buildings. For families with children, this is the opportunity to use maternity capital plus state support with a preferential interest rate, for the military - a military mortgage on favorable terms with a minimum overpayment, and for the rest of the category of citizens - a preferential mortgage of 6.5% per annum.

Real estate on the secondary market, of course, can also be taken out with a mortgage, but the interest rate will be 2-4% higher. The only obvious advantage of such a purchase is the opportunity to move into the apartment almost immediately after the transaction (10-15 days).

The procedure for registering ownership of an apartment with a mortgage in 2020

registration of registration;
carrying out planning (to obtain permission from the relevant authorities);
obtaining the right to vote at the general meeting of owners of apartment buildings;
registration of tax deductions;
use of maternity capital (when paying a mortgage);
protection of rights in case of bankruptcy of the developer (in case of participation in shared construction).

the necessary documents are accepted;
the authenticity of the documentation is checked;
circumstances that impede registration of rights are identified;
a decision is made to make an entry in the register or to refuse the procedure;
An entry confirming ownership is made in the Unified State Register of Real Estate.

26 Apr 2020 glavurist 229
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