A new mortgage standard will appear in Russia

The development of the document is engaged in "Home. From the Russian Federation "with the participation of specialists from the Bank of Russia and players in the mortgage credit market (" Izvestia "has taken notice of the current version) The standard, among others, describes the options to help borrowers in difficult situations, as well as the pre-trial dispute resolution mechanism.

The final version of the project is expected to be published in late 2018 – early 2019. The banks evaluate the initiative in an ambiguous manner. On the one hand, they are afraid of rising costs and cost of services.

On the other hand, the credit agencies expect an increase in the level of financial literacy of the residents of the Russian Federation and the fact that they will receive in the future responsible borrowers who will not be afraid of losing their homes with a minimum payment term, which means that they will support the quality of the loan portfolio.

In "House RF" explained that the document under development will have a character of recommendation and that the banks will be able to independently decide whether to join the standard or not.