Department of housing policy and housing the city of Moscow has developed two basic schemes of social mortgage for Muscovites in need of better housing conditions.

Scheme number 1: buy a bank loan of housing being built for the urban order, by the cost of construction. The city itself builds, and sells itself. Housing prices are different. But it is still not market almost 4 thousand dollars for the `square ', and 3-4 times cheaper.

Scheme number 2: the initial subsidy payment for the purchase of housing. That is, you can get a grant (in a special program of housing subsidies for the purchase of housing), adding to her bank mortgage credit, a certain percentage of equity, `out` the real estate market and where to buy suitable housing. But in this case would have to pay the market price.

Comment specialist

- The situation explains Head of the Monitoring of the housing market in the housing policy of the Department Sergey MOROZKO:

- The first scheme - buying a home in the city at a discounted price with a mortgage already being implemented. The main bank partner - `Moscow Mortgage Agency` (KB `MIA`).

Running the second scheme - the purchase of houses through a grant - has only just begun. First, in an experiment it attempted to implement in conjunction with KB `MIA`. Then offered and other banks. What is complexity? By law, we grant can list only after a person gets credit, and will list it along with their means at the expense of the seller's home. And the banks, based on their risk, too, would like to extend credit only after a prospective buyer will receive a grant and will list it along with their means at the expense of the seller's apartment. Or, in extreme cases, the subsidy can be paid to certain escrow account in the bank, what we do, too, is not entitled. Not every bank is willing to meet. Bank `Revival` agreed to provide credit facilities for our next grant certain guarantees and under certain conditions.

In August this year between the Housing Department and Bank `Revival 'was a bilateral agreement (` On the joint action program of mortgage lending in the city of Moscow for 2006-2008 in order to acquire the housing waiting list with a mortgage and grants the city `) , developed rules - how to get a mortgage to buy an apartment on the second scheme.

Advantages of the second scheme, the acquisition of housing in that waiting even easier to get credit. He has more freedom - and in the choice of apartments in the property market, and the ability to affect the timing feel-it. If it is solvent, and the bank is ready to give him credit, all other procedures takes much less time. Much to decide whether he is active and rastoropen in finding a suitable apartment, based on the desire and the thickness of his wallet. This scheme is more flexible, has less restrictions, and its funding does not depend on whether, when and where it will build a house, such as occurs on the first scheme of social mortgage. The bank `Revival` offers flexible lending terms.

A successful house-warming scenario, you can celebrate for 1,5-2 months since the issuance of orders of the prefect of the grant.

A few steps to the 'revival'

Suppose your family stood in the overall housing turns 10 years old. `` Idle for another 10 years you do not want. You can count on a subsidy - 46 percent of the standard cost of the apartment. As money is about 67 thousand dollars for a family of three. If you have bred some personal money, and you would like to get a mortgage, we must act so.

1. Waiting is in housing management in their district. There should be installed stand bank, How did you hear preliminary credit conditions, telephone call-center bank. You can get acquainted with the addresses of houses, new buildings, for which the bank provides credit.

You can also call the bank `Revival 'or come for an interview and consult, to ask any questions. Perhaps there with your words, pre-evaluate your creditworthiness.

Warning

When you call the bank call the code words: `benefits' to housing.

2. For the Bank will require confirmation that the waiting is entitled to a subsidy. Future borrower goes to the reception for help to the inspector in the district offices of the Department, which deals with grants and mortgages. The certificate must be written: - A family member who is entitled to a subsidy - to what extent - the size of the flat: minimum area, which is waiting to be purchased for removal from the housing account (otherwise, a grant not listed).

By the way

Such a certificate is not needed, if the waiting list already has on hand testimony about the use of grants for construction or purchase of housing. In this case, he was immediately sent to the bank, and further with him already working there.

3. With this certificate - to the bank. There future borrower goes through the review of solvency. In the package of documents the Bank assesses the maximum pay of waiting and the maximum amount of credit that he might receive from the presumed amount of subsidy and the estimated cost of future apartment. He believes, will these funds to buy an apartment in the property market. If the bank takes a positive decision, the waiting is given appropriate notification.

4. Again - in the District Office. Based on the recommendations of a public housing commission prefect decides on the use of grants in a certain amount.

How many will take time

At all `released` 10 working days. A certified copy of the order of the prefect of the administrative district within three days transferred to the PMU `Implementing Agency housing loans and grants'. This together with the Office programs for the needy in the improvement of living conditions is preparing a draft of the certificate of a grant application to the waiting list of the relevant package of documents. It takes another 5 working days. This certificate is approved and issued by the Department of Housing waiting list.

5. Bears witness to the bank. It is desirable to have the documents at the apartment, looking for a pre. Either alone, or with the assistance of real estate or construction companies that have passed the accreditation of the bank, and with whom he signed long-term agreement.

6. Bank's Credit Committee makes a decision to grant the bank a mortgage loan to purchase an apartment (at the stage of construction - the rights to an apartment) in a certain amount. It consists credit agreement.

Memo bank `Revival`

1. Major credit conditions

The loan is granted for up to 30 years to maturity age of the borrower should not exceed 75 years. After registration of property lending rate is reduced to the level of rates of finished housing. To obtain the necessary credits are taken into account the combined income of all persons acting in solidarity, and borrowers who are not necessarily members of one family. Early repayment of the loan:

- RUR - starting with a 7-month period without penalty;

- Currency - after 12 months.

Considered income, proven 2-Inquiries by the form of personal income tax or bank, as well as other income, documented.

The apartment is immediately drawn to the ownership, registration of all members of the family - without restriction.

2. Documents required to establish credit limit:
- Questionnaire for a mortgage
- Passport
- Copy of employment record, certified by the employer
- Labor contract
- Income certificate (proof of income for the last 6 months, 2-personal income tax form or the bank)
- TIN certificate (if any)
- Pension insurance certificate
- Military ID (for males of military age)
- Documents on education
-marriage certificate / divorce
-birth certificate of children
-driving license (if available)

In addition, a need to have an original certificate of the use of grants for construction or purchase of housing or a certificate from the District Office of the Department of housing policy and housing, duplicated the certificate.

3. Estimated payments on a mortgage when buying a home in the program `The development of mortgage lending in the city of Moscow in 2006 - 2008 years`.

Warning

All calculations are approximate, when applying to Bank will be made by personal calculations, based on your capabilities and characteristics of the purchased housing.

Where this is said
- Resolution of the Government of Moscow dated November 8, 2005 № 881-PP `On measures to implement the residential mortgage lending in the city of Moscow for 2006-2008`;
- Order of the Department of housing policy and housing of the city of Moscow from September 14, 2006 № 824 `On the order and conditions of use of grants for the purchase or construction of residential premises with residential mortgage`.