Who and why today is buying with a mortgage rooms? The motives of the buyers are different, but, as we are assured mortgage brokers, given the current price level rooms have become an alternative to one-room apartment. And this despite the fact that the cost of meters in them more often than in individual apartments.

`If in the past year, such appeals is almost not there, but today their 3-5% of the total," - says Pavel Komolov, director of the Independent Bureau underwriting mortgage.

`The growth in demand for rooms, I think, is correlated with an increase in property prices. Those who last year was aimed at the acquisition of one-room apartment in Moscow, in early 2006, were forced to look toward the new buildings, not in Moscow and Moscow region. And those who did not gave up the dream (or need) to have an apartment in Moscow today to buy the room, thinking that if he just did not get to buy an apartment, you can try to do it gradually over a certain period of time. The available funds were invested in the purchase of the room with hope in the future and buy a second (and third, in the case of a three-room apartment). Naturally, people who invest your savings in the purchase of the room today are looking for an opportunity to buy the next one with a mortgage loan. These are the borrowers and predominate among those who apply for a loan to purchase the room. There are those who are a step behind, that is, buying the first room with the help of a mortgage '.

Told mortgage broker Irina Subbotina (corporation `Reskor`) is a true story from the practice, gives an idea of the reasons people are interested in mortgage rooms: `It is considered that a loan for a room in the main charge of young people. It is not always the case. Recently, we asked the couple, which has a solid experience of family life and the almost-grown children. They have their own apartment in Moscow, but as the head of the family works in Moscow and is often delayed in the service of late, they decided to buy in the capital of the room. Adding to their small savings, credit received in the Savings Bank, these customers purchased a room in a communal apartment. Now the father of a family spends on the road much less time, has the opportunity to earn more. Moreover, children leave school, will soon go to college, the room is useful, and they do not have every day to go to Moscow and back `.

`Today is a potential customer a loan for a room can be family-income managers with 2 thousand dollars, and young professionals who do not want to live with their parents and do not have the opportunity to buy a studio flat, - says Ludmila Anisimova, a leading specialist mortgage lending offices Corporation` Reskor `. - To purchase rooms cost 60 thousand dollars and have enough income in 1,3-1,5 thousand dollars'.

Demand and Supply

A year ago, customers who wish to take credit for the room of little interest to banks, except maybe the redemption the last room in a communal apartment (after which the borrower, of course, becomes the owner of the whole apartment) and the lending of shares.

`When buying a room are not uncommon transactions between relatives, redeem each other's shares once privatized the whole family apartments - explains P. Komolov. - Lending of shares from the point of the bank - less risky occupation, because it eventually goes to pledge the whole apartment. Example: my brother buys his brother's apartment and half owner of the whole becomes. Cases with rooms where the buyer becomes the owner of the entire apartment, and buys, for example, the second room of the three, not very attractive from the standpoint of the bank: the borrower will not be as required in payments on the loan, because if even one taken away from him room, he will live in the same apartment and will continue to enjoy all the benefits of `.

Until recently the main obstacle to the development of a new product - a mortgage rooms - were considered high risk and low liquidity. After all, if the borrower would be insolvent, a flat bank can easily sell in contrast to the room, determine the market value of which (if it is not the last) in some cases it was difficult. Today the situation has changed.

`Still cautious attitude of banks to bail in the form of the room was connected with the fact that its fate in the event of resale provided vague, - believes Ivan Grachev, Chairman of the Board of prominent parties 'Entrepreneurship Development'. - The neighbors have a priority right to buy, and banks, these restrictions guard. There were other risks. Now banks have changed their attitude to the mortgage rooms. This is firstly due to the fact that the Housing Code and the Law on Registration of Rights made adjustments, and a number of risks have led to the norm. And, secondly, the sharp rise in prices has led to what has narrowed the number of potential participants of mortgage programs. And the banks are trying to expand its customer base '.

Thus, a room in a communal apartment is becoming increasingly attractive option to purchase their own homes, and employees of credit institutions believe that it is necessary to introduce special programs to credit standing. If the demand for rooms is growing, banks can not it does not respond.

Will mortgage rooms mass product?

But, despite the fact that customers wishing to receive credit for the room, every day becomes more and more, many experts see the future of mortgage lending is not room in rainbow colors.

`Rooms in shared little in general, and their market share is negligible, - says Grachev. - Therefore, the real estate market in general, changes in the position of banks, I think, `little impact.

This view associates and P. Komolov: `Banks, working on such programs is extremely small. Buying and last room (ie the elimination of communal) in loans and about four or five banks, which include VTB 24, Nick, Sobinbank, Bank Uralsib. And as for just buying a room or share with preservation of the status of communal apartments, they are just three: Sobinbank, Uralsib and Zenit `.

L. Anisimova looks to the future of mortgage rooms with great optimism. Although she agreed that the `communal 'loans have not yet become a mass product, however, in its opinion, the popularity of real estate transactions after the rooms should be single or double. `In the last room of loans issued, many banks - says LA Anisimova, - in other cases, agree to issue a loan of about 5.6 credit organizations. These include Sberbank, Uniastrum Bank, Agropromkredit. Since November `room` loans began issuing RosEvroBank that started the specialized program. Get a loan for the room may also `Renaissance`, `Zenith`, `` Uralsib and investment Promenergobank. While these financial institutions 'special room' programs, both in RosEvroBank, no, everything is done within the standard offerings in the secondary market: loans are granted for a term of 20-30 years at least 11% per annum in rubles to the dollar or the euro -- 10 per cent `.