Interview with Sergey Kozlov, Deputy Chief Executive, and Credit Department Director for the portal CIAN17 June 2019
CIAN portal - the leader of online real estate in Russia, one of the largest and most reliable sources in this area, has published an interview with Sergey Kozlov, Deputy Chief Executive, and Credit Department Director.
The topic of the article is “Mortgage for a businessman and a pensioner. How "non-standard" borrowers can get a loan. The magazine interviewed the expert to find out why this is happening and what to do in such a situation. Sergei Kozlov revealed that there are entire categories of borrowers whom the bank may refuse. However, there are a number of measures that will help even borrowers of these categories to get a loan approval.
The speaker gave advice to those who do not fit the bank’s standards of a mortgage borrower:
- Objectively assess the situation and honestly tell yourself that you do not quite comply with the criteria for the most common “boxed” options.
- Shift the search focus from the major retail banks to smaller and medium-sized ones. At that, not only analyze the terms regarding their products, but try to discuss the case with managers: they might apply a more flexible approach to you.
- Consider options for “improving” the situation: bring a co-borrower who fits the bank’s requirements, open a business account with this bank, and so on.
- As a rule, bank employees can tell you the best way to act in a given situation. After all, the bank and the borrower are two parties of the same process, and it is also interested in reliable borrowers.