What needs to be done to get a mortgage
Particularly high requirements are not expected.
The initial contribution will be 20-30% of the cost of the purchased housing, however, to attract customers, banks use information on payment of the officially requested documents of the borrower, which can lead to an increase in requirements in the conditions of lending. According to the Central Bank’s research, in the 4th quarter they do not predict noticeable changes in mortgage lending conditions, and the demand for a mortgage will last until December. It is quite difficult to give a forecast for the next year, since it is not known what the economic situation will develop, whether the interest rate of a dangerous psychological line will reach and whether banks want to tighten the requirements for mortgage loans to reduce the risk of non -return. It remains to follow the situation.