What for mortgage to businessman?
Today, in connection with a rise in prices on habitation, more and more actual there is not a classical scheme of mortgage when habitation is bought on proceeds of credit, and another, so-called pawn on which on money received from bank it is possible to expand business.
We have got used to consider, that hypothecary credit can help those people who do not have apartment. However hypothecary credit if to address to dictionaries, is credit which has been given out on security of real estate which conditions force borrower to make set quantity of payments. Easier speaking, real estate not necessarily should be just bought that under it it was possible to take credit.
In conditions of high prices owners of apartments, on one hand, became millionaires, and with another - while they are not going to sell an apartment, to it like any advantage of high prices. However advantage to take it is possible, at all not selling an apartment, - easier to take under its mortgage hypothecary credit, and and decent enough sum. This kind of mortgage has been widespread in pre-revolutionary Russia, and in West it till now is popular.
However, as Feodor of Efremov has told to "Proprietor", general director of " Russian credit house ", many of those who owns at all one apartment, do not understand, how they can take real income from real estate. Often people have a business where there are no turnaround means or money for development. Thus profitability of business is high enough - 15-20 %. commercial credit sometimes to take simply unprofitably - in fact percent under credit are rather high, and hypothecary credit can be much more favourable because of lower interest rates. However development of this market mental installations of Russians difficultly varying since Soviet times brake, considers Efremov. Loans and debts then were considered as something indecent, and here western philosophy of consumption other - to live in a duty there it is considered simply norm. And consequently huge resource which is actively involved in West, at us stands idle - quantity of houses incorporated on mortgage rather low, and in West you hardly will find not incorporated house.
What to do?
An available real estate it is possible to put in pawn and receive in
bank serious enough sum under your needs. This kind of crediting refers
to crediting under an available real estate and allows to receive very
simply and easily means that who would like to begin new business or to
expand available. Vyacheslav Shalamov, deputy chief of management
of hypothecary crediting of Bank of Moscow, speaks, that in market
pawn crediting is demanded enough. Credits where bank does not regulate
target use of credit use greatest demand.
Andrey Raznikov, general director of company " Private real
estate ", gives an example such credit: " we Shall tell, if
person has in property a city apartment and a country house, and
means for development of business are necessary to it. It can easily put
in pawn one of objects of real estate (pawn house more often)
and to receive up to 70 % from its cost. And now even modest cottage
is estimated in very decent sum - from $400 thousand And person can
receive for some days $280 thousand credit under 10-14 % annual for 10-15
years ".
Other example of use of money from mortgage of real estate is
resulted by Vyacheslav Shalamov: " If it is necessary for owner of
small organization to fill up turnaround means in business it is possible
To take advantage of such scheme is will leave much more cheaply credits,
offered to small business. Also such credits are actual at financing large
purchases (for example, purchase of ground areas, garages, yachts)
".
Where to take money?
More and more than banks include in list of services such kind
of crediting. According to Tatyana Nikitinoj, general director of
International academy of mortgage and real estate (MAIN),
in end of October 42 banks offered 154 programs where mortgage
of an available real estate is used. In market is and mixed programs,
as a rule, for purchase of a country house bank can suggest to put
in pawn an available apartment. average minimal interest rate in currency
- 12,43 %, that much more below, than rates under commercial credits,
and on average financial establishments are ready to give out 73 %
from an estimated project cost. Business in that, is added by Vyacheslav
Shalamov, that under such credits of rate always below as there is
a reliable maintenance, and bank can lower brave extra charge.
All over world crediting on security of real estate is actively
used by rich people who well are able to consider money. We shall tell,
person can put in pawn real estate and receive, for example, $100
thousand under 10 % annual for 10 years. Thus profitability of its business
of 14-15 % annual (at least), means, prize for every year will make
4-5 %, and besides on business it is difficult to receive credit more
than for 5 years. Term of hypothecary crediting can be and till 20 years,
and client should not confirm solvency.
As one of brokers, asked to not name its name tells: " we had
some such cases when we helped clients to receive such credits. When
house in cost $2 million is pawned, before broker it is necessary
- to convince a uneasy problem bank, that business of client is stable
enough also it can pay this sum. In fact to penalize and sell house
fenced from different directions, far it is not simple ".
On other hand, under an available real estate businessmen prefer to
take such credits in banks with which at them long-term partner mutual
relations - then also anything especially to prove more often is not necessary.
Official registration of papers borrows much less both time, and forces.
And operational charges under such credit a little below because risk
of loss of object of real estate, and a life and health of borrower
is insured only - is not present.
Risks
Risk at such credit one. owner risks to lose real estate if suddenly
cannot pay under credit. But, on other hand, real estate,
as a rule, not unique, and to bank can be difficultly carry out right
to realize mortgage, especially if it is a country house. But, despite
of it, bankers now actively advertise and advance pawn crediting during
a life. matter is that for purchase from "zero" of most
bad Moscow apartment it is necessary to have income at least $3000,
and average income of a muscovite for 9 months of this year, including
all possible sources, according to data Mosgorstata, 27,898 thousand rbl.
Besides has made that income has grown on 20 %, prices for apartments
from beginning of year have grown on 70 %, and this discrepancy has
seriously reduced quantity of clients which would like to buy real
estate under classical hypothecary scheme. Bankers search for other
ways to earn, and pawn crediting - one of rather perspective schemes
Source:
Info Cash Loan (23.12.2006)
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