1. Remodeling: Pros and Cons
There are two types of mortgage lending: the security of available housing and the security purchased.
In case of default by the borrower of its obligations under the contract of the bank to obtain satisfaction of their claims for payment of principal and interest have to put up embedded property for sale. To avoid unexpected loss of self-respecting financial companies do not consider the accommodation alterations inconsistent with the object of pledge.
To re-planning becomes a law must be filed the following documents: a draft, the new technical passport; conclusion Authority for the Protection of monuments, history and culture of the admissibility of the reconstruction or redevelopment of premises, a new certificate of title showing the new settings object, if they changed .
With respect to minor changes in the apartment, such as the dismantling of built-in cabinets, not resulting in change of residential or general area, combining a bathroom with bath, installing vannogo tub in the bathroom or kitchen, etc., banks tend to be loyal position.
Alignment and registration are not subject to serious re-planning: changing the exterior boundaries of the object, or a total floor space of housing, placing a toilet, bath or kitchen of the room, etc.

2. Transaction involving minors
Upon receipt of a mortgage loan secured by both existing and acquired housing, co-owners which is a minor child, borrowers, parents must obtain the consent of the guardianship authorities. Practice shows that to get it is very difficult.
Position of the guardianship authorities is mixed: some of them really appreciated and all the risks associated with the encumbrance of the apartment, the other holds a slogan "No mortgage involving minors. In this case the latter do not take into account that for most people mortgage - the only way to improve the living conditions of families and therefore children.
Because of the current legislation responsibility for minors and their property well-being are the parents. Refusal to issue documents authorizing a transaction involving a child, almost always non-legally based and the more nepravomeren, less than its own resources an amount the borrower takes a loan.
Parents reshivshimsya a mortgage, you must submit to the guardianship authorities as soon as more complete package of documents on the deal, to try to get to the Commission or, at least at the reception to the chief of the structure. In the event of insolvency and be placed flat on the auction should submit a written undertaking to guarantee the acquisition of the name of a minor for the remaining from the sale of mortgage funds at least the room in a communal apartment.
Of the guardianship should explain all the nuances associated with the transaction, to focus attention on the amount of credit to a more comfortable living conditions of children in a new apartment, etc. Only a combination of documents and motivations can give the desired result.
If no compromise still not succeed, an adverse decision could be appealed in court.

3. When the apartment is built
At the primary real estate market, there are risks - the probability of unfinished, bankruptcy, the builder, etc. - on which banks are well aware, so give out mortgage loans for the purchase of not being built for each apartment.
Paramount financiers give a permit for construction. This information is open and can be viewed in any legal program, so the potential borrower can advance to see it. The second factor that affects the adjudication is the degree of readiness under construction homes. The higher the climb the wall, the greater the likelihood that mortgages will be held. His role and reputation of the builder, the size of its share capital, openness of the company, the number of installations, in which co-investors have already drawn up ownership.
When a positive decision on granting a mortgage, you need to pay careful attention to the form of guarantee, which requires the bank.
Sometimes lending institutions insist on a bail of two individuals. If the borrower has breached the terms of the contract and cease to make monthly payments, the bank will recover the debt from the guarantor. If the financiers require a guarantee of the developer, in the case of non-compliance be responsible for this will be the developer, which, in turn, have their own deal with co-investors. Well, if the developer goes bankrupt and is not to build a house, the mortgage borrower will still have to repay the loan.

4. Risks during the mortgage transaction
The peculiarity of the mortgage transaction that the act of sale of flats, registration and issuance of mortgage loan occur simultaneously. Typically, each transaction in the bank is given approximately two hours, for which you need to have time to legalize all necessary papers. During this procedure, the borrower usually in a state of stress, as there is an operation with large sums of money and real estate. This is one of the causes of conflicts between parties, sometimes until the break in relations.
To prevent this, before the deal is necessary beforehand to examine the documents, which the borrower passes the credit expert. Issues that arise after reading the documents, too, need to ask him the same advance. Otherwise, during the transaction may commence dispute. Most dissatisfaction borrowers appears on the insurance contract. Attended the bargain the landlord to see that between the bank and the borrower has a conflict, may be scared and abandon its sale. Such cases were recorded.
When the transaction is a chain, to enter into a dispute with a credit expert particularly risky: if, because of disturbances at least one link change his mind, the entire structure collapses. General practice in St. Petersburg is that real estate is not especially eager for sale to buyers with credit money, so if at the time of the transaction between borrower and financier misunderstandings arise, it is likely that the implementation of the apartments will be denied.

5. Certificate transaction
The law allows a mortgage to assure the transaction in writing, by-passing the notary. This fact causes different reactions. Realtors are used to a notary to certify real estate transactions, therefore, may sometimes recommend or even require the borrower to register the mortgage documents. But the notary fees are not cheap. Legally, the recognition comes only after the registration of transactions in the Federal Registration Service. This does not necessarily have the notarization of documents, just writing.
Remark: The most favorable mortgage deals for a period of stagnation in prices in the market. At this point, the borrower can easily choose the apartment. During the active growth of prices is a risk that the loan taken today, tomorrow may not be enough to buy an apartment.