The share of electronic mortgage loans in Russia was almost 50%.
This was announced on Wednesday, August 4, during a meeting with Prime Minister Mikhail Mishustin, the head of Rosreestr Oleg Skufinsky.
As the head of the service noted, in relation to January 2020, the number of online housing transactions has increased fivefold.
“By the end of the year, we plan to ensure this indicator at the level of 60%.
And I want to emphasize that this will already be three times higher than the indicator of the national project set for 2021, ”Skufinsky said.
According to him, today a unified format of electronic interaction has been created in Russia, in which most credit institutions and developers participate.
Moreover, since 2022, Russians will be able to register property rights in a remote format through a public services portal.
According to experts interviewed by RT, since the beginning of 2020, financial organizations have been actively introducing technologies for electronic registration of mortgage loans.
For example, some banks can issue a loan for an apartment using a digital signature through a smartphone screen.
“Lenders have tools that allow Russians to independently form an application for a mortgage on the website and get a result without visiting the office.
Citizens also actively use online services, for example, they confirm income with an extract from the Pension Fund.
Many banks have modernized their lines for digital channels and independently request a document with the permission of clients, "Oleg Komlik, director of the DOM.RF Digital Bank division, told RT.
In addition, analysts explain the sharp increase in the issuance of mortgages in electronic form by the consequences of the COVID-19 pandemic.
So, during quarantine restrictions, Russians often could not come directly to the company's office, so they carried out real estate transactions in a remote format.
This opinion was expressed in a conversation with RT by the vice-president of the International Academy of Mortgage and Real Estate Irina Radchenko.
“In the context of last year's quarantine measures, developers and banks had to quickly rebuild, so many developers switched to online sales, which partially helped to avoid serious losses.
This format is also convenient for clients - regional investors can buy real estate without spending time and money on a trip to the other end of the country, ”the analyst emphasized.
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According to experts, the number of electronic housing transactions will continue to increase after the lifting of all restrictive measures to combat the pandemic.
Subsidized lending programs will contribute to the positive dynamics in many ways.
In particular, we are talking about a preferential mortgage, which started back in April 2020.
Then the Russians got the opportunity to get a home loan at 6.5% per annum.
Citizens could take out a loan at a reduced rate when buying apartments in new buildings worth up to 12 million rubles in the Moscow and St. Petersburg agglomerations, as well as up to 6 million rubles in other regions of the country.
Initially, the initiative was designed for almost six months, but later the government extended its action until July 1, 2021.
However, Vladimir Putin suggested prolonging the program for another year and changing its conditions during a speech at the St. Petersburg International Economic Forum in early June.
According to the updated rules, the interest rate on a home loan is 7% per annum, and the maximum loan amount should not exceed 3 million rubles.
In total, from April 2020 to the end of July 2021, within the framework of the program, Russian banks issued about 584.8 thousand soft loans for more than 1.79 trillion rubles.
This is evidenced by the materials of the company "DOM.RF".
“The preferential mortgage increased the number of clients who could afford to buy a home.
Banks and developers who were able to promptly offer services in a new format received more clients.
If the borrower has approved a loan on favorable terms, which is valid for a certain time, then it will go to the developer who can quickly arrange everything using the same digital tools, ”said Radchenko.
As the head of the information and analytical content department of BCS World of Investments Vasily Karpulin told RT, the provision of housing loans online allows banks to reduce operating costs.
Against this background, many financial organizations will try to popularize the service in the future, the expert said.
According to Mark Goikhman, chief analyst of TeleTrade Group, this state of affairs will lead to an additional increase in the number of housing loans issued in electronic form.
At the same time, this practice will help the borrower save on loan payments.
“As a rule, before the registration of the transaction, the bank provides for an increased interest rate, since it has higher risks.
If the registration is accelerated, then the borrower pays this high interest in less time.
Thus, the digitalization of the market brings consumers savings and convenience when registering real estate, "the interlocutor of RT concluded.