In order to understand what supplements are required for different sizes of housing improvements, focus on the prices of real estate market. According to Olga Pobedinsky, director of marketing real estate "Agent 002" in most areas of mass building of the Moscow studio apartment worth 150-155 thousand dollars-bedroom house in the same class will cost 210-220 thousand dollars, that is a necessary supplement amount to 60-65 thousand dollars if we speak about three-room flats, their value is equal to 280-290 thousand dollars therefore the exchange of "two to three" need 60-80 thousand if you want to move from odnushki once in three rubles then, putting the amount of surcharges, we obtain a figure of $ 120-140 thousand

In the more respectable parts of the price per square meter higher, respectively, increases and the size of the required surcharge. Somewhere in Belyaevo all the above actions will cost thousands of 20 expensive. Although the residents of these places have the opportunity and save: leave odnushki in his native region in a two-room, for example, in Zhulebino. In this case, enough for 20-30 thousand dollars extra charge. However, as practice shows, the people who gathered to improve the living conditions are extremely reluctant to agree to their area worse.

If we take the most prestigious areas of Moscow and the center, then there is the cost of real estate are higher. Consequently, the need to exchange large sums of money: 100-150 thousand for each additional room. The exact amount can be determined by knowing the specific variant.

Who needs it?

In general, the demand for such programs over time increases. As noted by O. Pobedinskaya, people are becoming more clearly aware that to live in comfortable conditions necessary here and now. Alternative credit is one: half a lifetime to save money, tortured while in distress at the lack of family space. Give extra charge immediately be relatively few of our fellow citizens, but the number of those who have sufficient income to within a few years to repay the debt on the loan, much more.

"Statements from interested persons come to our company every day - agrees Svetlana Zaitseva, Deputy Director of Mortgage Corporation Reskor." - Many people do not even know of the existence of such banking programs. They simply call the question, how would they improve the living conditions. And we tell about the possibilities of the mortgage.

Development of new service has helped in recent years and the market. With the constant rise in prices attempt to accumulate the amount needed to supplement recall running to the horizon: the goal all the time is removed. A mortgage loan - is once and for all fixed sum that will not. In addition, many mortgage programs are constructed so that first the customer gets a new apartment, and then (after six to nine months) is selling the old one. During this time, prices have time to grow up pretty, and the buyer gets an unexpected but very pleasant bonus.

Three ways

There are three basic types of loans to improve housing conditions. First, says S. Zaitseva, designed for those who have equity or not, or very little (the accumulation of 5-10 thousand dollars by the standards of today's metropolitan real estate market is almost nothing, although on redecorating in our new apartment, of course enough). If family income is not high enough so that the bank gave a loan to buy an apartment, the only way - to sell his existing flat and use the money as a down payment for a new one. Technology transaction differs little from the traditional to our market alternatives. The work is proceeding in three directions: the search for a buyer for the old apartment, obtaining approval for a mortgage loan in the bank and the selection of new housing. And yet every borrower must have at least the minimum own funds to pay costs of issuance of mortgage credit, valuation, various insurances, the costs of registration of housing ownership, etc. In general, these expenses amount to approximately 3-4% of loan amount .

The second option noticeably more comfortable and is designed for people with high incomes. If monthly income is high enough and there are savings for a down payment, you can simply buy an apartment with a mortgage (strictly speaking, today banks offer credit and no down payment, but the income in this case should be even more). Either way, the transaction takes place without participation of the old apartment. Then the man quietly making a new housing repairs, without any particular haste moved into it and then sell the old apartment. And sells both legally and physically free, which seriously increases the price. And the money puts out a loan or a substantial part of it.

Such technology is good for everyone, but requires a high and preferably documented income. According to banking regulations in the thousands of dollars of income a family can receive the maximum 50 thousand but it is a maximum, and realistically expect to be worth up to 40 thousand Consequently, for the purchase of a two-room apartment with no frills (the price of $ 200 thousand) must have an income in Region 4 thousand dollars a month.

There is a third option: the program "On the improvement of living conditions", "The new meters", etc. Based on the solvency of the borrower determine the amount of the loan, it is added to the estimated value of the apartment the client. Thus, set the value of new housing, from which the bank will give credit in the amount of 90-95%. The client, having received a loan, shall within a certain time (in each bank set its terms: six or nine months) to sell the old apartment and partly to repay the loan. Different programs differ in size banks per cent, as well as to draw up a pledge both flat or only new. In the first case, the interest rate fixed, while the second - set a higher percentage (average for the market - 12% in dollars and 13% in rubles), which reduces to about 10% after the sale of the old apartment.

Question time

The deal, which involves several parties, always technologically complex. Even the usual alternative when you need to simultaneously sell and buy, requires speed and excellent organizational abilities, to build at the same time all the actors in the chain, agreed time and place of the transaction and all the rest. And in this case appears to have one party - the bank, to pursue their claims.

All this is true, but, as we are assured realtors, to organize such a transaction is not more complicated than just an alternative. Moreover, notes O. Pobedinskaya in today's market, when price increases apparent stagnation, to conduct transactions become much easier. This is not spring last year, when because of rising prices collapsed already agreed to the operation. The problem with purely mortgage, can arise only if a chain of several members with loans. Each bank makes the condition that the transaction should take place on its territory. Fortunately, such situations are still very rare.

"From a technological standpoint, the preparation of chain exchange apartments with no alternative presents special challenges for a professional realtor, - sums up the general view Elena Panova, Director of the Department of affiliate programs" MIEL-Brokerage. "- Clearly, the situation in the market influences, but experts know how to resolve emerging issues. "

Opinion banks

In general, banks do not allocate alternative borrowers from among its other mortgage clients. By the level of their income, reliability and other approaches, guided by standard conditions. In principle, standard and credit provisions such as the timing, interest. There are no special requirements and to the apartment: it should not, as in conventional home mortgages, have legal defects, the house should not be on the buildings, running under demolition, etc.

However, some nuances do occur. In particular, notes Panov, certain difficulties arise when selling an apartment in the number of owners appear minor children. By law, they should get a share in the new apartment, and it usually do not like banks. The fact is that if anything evict a family will be very difficult. "Today only a few lending institutions are ready to give a minor share in the apartment," - says the analyst.

"Nothing special in the alt is not, as both the technology for such transactions, and credit sufficiently developed, the legal basis for all this is - consider Paul Komolov, underwriter brokerage Independent Mortgage Bureau. - But to say that these loans popular or constitute a significant share of the portfolio of the above banks, I can not. The fact that the huge additional costs: a double insurance, double score, higher rate for a couple of items - keeps most of the borrowers. For example, in exchange for the apartment per 100 thousand dollars .'s apartment for 150 thousand dollars additional expenses (including all commissions) can take up to 10 thousand dollars. "