The expert told about the nuances of mortgage repayment at the expense of renting out housing

Mortgage repayment with the help of renting out real estate in the current realities is possible, but with some nuances, told "Izvestia" expert on residential real estate, private realtor Anna Dyagileva.

"It should be taken into account that the standard scheme, in which the apartment is purchased with a 20 percent down payment, and the loan is closed with the help of rent, will no longer work - this is due to the high mortgage rate. Even if you buy an apartment with a 50 percent down payment, then at the current 25-28% per annum, the rent will be much less than the monthly payment," the expert explained.

According to her, under current conditions, there are several ways to repay the mortgage with the help of rent.

"The first is to make a significant down payment of 80-90% of the real estate value. The second way is to purchase apartments in good residential complexes. They cost less than apartments, but their credit rate is similar. In addition, apartments can be rented more expensive. In this case, the rent will cover the loan completely or almost completely", - said Dyagileva.

The expert specified that another way is to study the available housing benefits. For example, a family mortgage at 6% per annum is available to a person. In this case, he can buy a ready-made apartment from the developer and immediately hand it over. With a down payment of 20-30%, the rent will fully or almost fully cover the mortgage payments if it is taken for a period of 25-30 years.

"However, you should pay attention to the fact that the apartment should be with full finishing, otherwise you need to lay down monetary and time resources for repairs. Also, when receiving a mortgage miscalculation from the bank manager, you can consult with a realtor and find out how realistic it is to rent a particular property at a rate that will coincide with the monthly payment," said Dyagileva.

At the same time, in her opinion, regardless of the chosen method of repayment of the mortgage with the help of rent should take into account several factors. The first and the most important is seasonality. For example, currently, before the New Year holidays, the activity in the rental market has decreased by about 5-7%, and in some cases by 10% compared to September figures.

"There are also often situations that in an already built house it is cheaper to buy an apartment from the tenants rather than directly from the developer. Here it should be remembered that the purchase of real estate from the owner is possible only at the current mortgage rate, while when buying from the developer, the buyer can count on preferential programs, if they are entitled. For example, the family mortgage is available only from the developer, regardless of the stage of construction," - explained the expert.

Earlier, November 15, it was reported that at the end of October demand for ready-made housing compared to June this year in the country increased by 10% on average. This follows from the data of "Avito Real Estate". The strongest interest increased in compact housing formats: studios and one-bedroom apartments (+16% for both). The activity of potential buyers in the secondary market increased by 3% compared to September this year.