The Central Bank warned about the risks of "gray" installment schemes for housing
The Central Bank is concerned about the "gray" schemes of atypical installments, which are taken after the housing is put into operation. This was told to Izvestia by the head of the Financial Stability Department of the Bank of Russia, Elizaveta Danilova. According to her, developers are finding ways to circumvent the requirements of the law, which implies that installments are issued only for apartments in buildings under construction.
In some cases, due to the installment plan, the client may find himself without an apartment and lose the deposited money, the press service of the Central Bank clarified.
According to the law 214-FZ, if the house has already been rented, installments cannot be arranged — you can take housing immediately for the entire amount or on credit. Nevertheless, developers have found a way around this requirement. They sell their homes in installments for 10 years with a down payment of 10%. Market participants can draw up a preliminary purchase and sale agreement, said Elizaveta Danilova.
The scheme works like this: the developer and the buyer sign an installment agreement, and the final deal is finalized only by the end of the payment schedule, said Maria Yakovleva, director of the Yakovlev and Partners law group. Formally, this is not even an installment plan, but a phased payment under a preliminary agreement. However, at its core it is the same mechanism — just disguised.
A 10-year installment plan is illegal, Maria Yakovleva clarified. If the house has already been commissioned, and the client continues to pay money to the developer, the scheme may be recognized as fake, and the court simply cancels the deal. The Central Bank warned about such risks, the lawyer emphasized.
Read more in the exclusive Izvestia article:
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