The expert named ways to increase the chances of mortgage approval.

Banks have relaxed the requirements for mortgage borrowers — the share of approved applications has increased by 30-35% since the beginning of the year. However, experts warn that by the end of the year, due to increased demand, the verification conditions may become tougher again. Yulia Arkhangelskaya, head of the Commercial services department at the Mangazeya development company, told Izvestia on November 15 how to prepare for a mortgage in order not to be rejected by the bank.

According to her, when applying, banks carefully analyze the client's credit history, especially applications to microfinance organizations and frequent consumer loans.

"As practice shows, it is better to close all such obligations first, then wait up to two or three months and only after that apply for a mortgage," the expert said.

In addition, Arkhangelskaya drew attention to the fact that it is not necessary to apply for new loans, even minor ones, before signing the agreement. Any new commitment is reflected in the Credit Bureaus and increases the debt burden. There are cases when a client, after mortgage approval, takes a TV in installments. The bank sees a new debt and can either raise the rate or reconsider the decision and issue a waiver.

Also, when calculating the debt burden, only officially confirmed income is taken into account. Even a stable "gray" salary makes the borrower less reliable in the eyes of the bank. The expert recommended six months before submitting the application to "whitewash" earnings and confirm financial stability.

"When applying for a mortgage, it is important to contact only official banks and use trusted channels. It is especially dangerous to contact agencies that promise to "speed up" loan approval through falsification of documents. Firstly, this is a direct violation of the law and a criminally punishable act. Secondly, any false information gets to the credit bureaus, which in the future may seriously complicate obtaining loans and mortgages from other banks," the specialist concluded.

Out of reach: the share of refusals for retail loan applications has reached its highest level in a year

Eight out of ten applicants leave with nothing.

On November 6, the National Bureau of Credit Histories (NBKI) informed Izvestia that the percentage of mortgage refusals in Russia exceeded 60% for the first time. According to the National Bureau of Credit Histories, banks began to approve only 39% of applications due to the tightening of lending policies and restrictions of the Central Bank.

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