Comments made by Ivan Lonkin, Head of Client Relationship Management Division to Lenta.ru18 January 2019
The online media Lenta.ru expects that in 2019 mortgages may rise in price greatly, mortgage rates will not remain at the previous year level. In frames of the article creation, the media interviewed experts in the field of real estate and banking.
“There are numerous opportunities to purchase an apartment without owning the full amount,” says Ivan Lonkin, Head of Client Relationship Management Division of SDM-Bank. - Of course, the mortgage has existed for many years already and up to now has remained the key instrument for buying an apartment in new buildings, but there are alternatives as well. Their share is incomparably less, but they are also actively used by the buyers. For example, a usual consumer loan. This source is suitable for customers owning almost the full amount to buy an apartment. At the expense of a consumer loan, they get the necessary amount and make a purchase. ”
Russians use credit cards, the expert adds. “Even such a simple, at first glance, financial instrument can help in such a global issue of purchasing an apartment,” says Lonkin, stressing, however, that it only makes sense to use a credit card if the buyer needs a relatively small amount, and the borrower understands how and from what income he/she will be able to pay back the loan in the foreseeable future.