Портал закупок Subscriprion
Choose apartment

Media center

New Page in Mortgages

22 March 2007

It allows lending towards purchase of an individual residential house being built on agricultural lands, which has been impossible so far.

Nearly a half of cottage villages are being built on the lands that used to be farmland. There are no obstacles to building an individual residential house on these lands. But such land purpose was an obstacle to mortgage lending. None of mortgage programs envisaged lending of cottage construction on lands of horticultural cooperatives or garden suburb non-for-profit partnerships. Since April 2007, the situation is to change drastically.

Osobniak Company found a way of applying mortgage patterns in its cottage villages. To draft the pattern, specialists of KIT Finance Investment Bank were engaged. The pattern drafting was rather time-consuming, because there were no off-the-shelf patterns for lending towards cottage construction on agricultural lands. This joint work resulted in a pattern that allows lending towards construction of cottage villages both on lands intended for individual housing and on lads of garden suburb non-for-profit partnerships.

The lending conditions will be as follows: the down payment amounts to at least 10% of the contractual amount. Loans will be granted in rubles for up to 30 years at 11.75% p.a. and in U.S. dollars for up to 15 years at 9.75% p.a. The maximum loan amount shall be RUB 60,000,000. The mortgage loan application shall be considered during 5 to 10 days.

»Without exaggeration, we are opening up a new page in the history of mortgage lending. This pattern offers additional opportunities to our customers in terms of payment options. The action principle is the same as for municipal mortgage. The land pledge is only added. Our pattern is not simple but it is legally competent, legitimate and absolutely transparent. That's why there will be no problem obtaining a mortgage loan,«comments Ms. Irina Tikhonova, Manager of Osobniak OOO.

«LSR Group» discloses information on the page on the Internet of LLC Interfax-TsRKI — the news agency accredited by the Central Bank of the Russian Federation to disclosure of information.
Information is available here.



© 2013-2021 LSR Group. All rights reserved.
Warning request

В вашей версии Internet Explorer работа данного сайта не поддерживается.
Обновите Internet Explorer до последней версии.


© 2007-2019 LSR Group
x

News subscribe

Комменты отключены в стилях
*


*

















*


*

















* required fields
x
Комменты отключены в стилях
*


*

















x

DISCLAIMER – IMPORTANT

THE MATERIALS YOU ARE SEEKING TO ACCESS ARE BEING MADE AVAILABLE ON THIS WEBSITE IN GOOD FAITH AND ARE FOR INFORMATION PURPOSES ONLY.

THESE MATERIALS ARE NOT DIRECTED AT OR ACCESSIBLE BY PERSONS IN THE UNITED STATES, OR PERSONS RESIDENT OR LOCATED IN AUSTRALIA, CANADA, JAPAN OR ANY OTHER JURISDICTION WHERE THE EXTENSION OF AVAILABILITY OF THE MATERIALS TO WHICH YOU ARE SEEKING ACCESS WOULD BREACH ANY APPLICABLE LAW OR REGULATION.


The materials do not constitute or form a part of any offer or solicitation to purchase or subscribe for securities in the United States, Australia, Canada, Japan or in any jurisdiction in which such offers or sales are unlawful. Any securities issued in connection with an offering have not been and will not be registered under the U.S. Securities Act of 1933, as amended, or under any applicable securities laws of any state, province, territory, county or jurisdiction of the United States, Australia, Canada or Japan. Accordingly, unless an exemption under relevant securities laws is applicable, any such securities may not be offered, sold, resold, taken up, exercised, renounced, transferred, delivered or distributed, directly or indirectly, in or into the United States, Australia, Canada, Japan or any other jurisdiction if to do so would constitute a violation of the relevant laws of, or require registration of such securities in, the relevant jurisdiction. There will be no public offer of securities in the United States.

The materials are only addressed to and directed at persons in member states of the European Economic Area who are "qualified investors" within the meaning of Article 2(1)(e) of the Prospectus Directive (Directive 2003/71/EC) ("Qualified Investors"). In addition, in the United Kingdom, the materials are being made available only to, and are directed only at, Qualified Investors who are persons who have professional experience in matters relating to investments falling within Article 19(5) of the Financial Services and Markets Act 2000 (Financial Promotion) Order 2005 (the "Order") or who are high net worth entities falling within Article 49(2)(a)-(d) of the Order and other persons to whom it may otherwise lawfully be communicated (all such persons together being referred to as "relevant persons"). Any investment or investment activity to which the materials relate is available only to relevant persons in the United Kingdom and Qualified Investors in any member state of the European Economic Area other than the United Kingdom, and will only be engaged with such persons. Other persons should not rely or act upon the materials or any of their contents.

If you are not permitted to view materials on this website or are in any doubt as to whether you are permitted to view these materials, please exit this webpage. These materials must not be, released or otherwise forwarded, distributed or sent in or into the United States, Australia, Canada, Japan or any jurisdiction in which such offers or sales are unlawful. Persons receiving such documents (including custodians, nominees and trustees) must not distribute or send them in, into or from the United States, Australia, Canada or Japan.

Confirmation of understanding and acceptance of disclaimer

I warrant that I am not located in the United States and am not resident or located in Australia, Canada, Japan or any other jurisdiction where accessing these materials is unlawful, and I agree that I will not transmit or otherwise send any materials contained in this website to any person in the United States, Australia, Canada, Japan or any other territory where to do so would breach applicable local law or regulation.

I have read and understood the disclaimer set out above. I understand that it may affect my rights and I agree to be bound by its terms. I confirm that I am permitted to proceed to electronic versions of the materials.

 
 
x

ACCESS LIMITATION

We regret that, due to regulatory restrictions, we are unable to provide you with access to this section of our website.

 
 
x

IMPORTANT INFORMATION

You have indicated that you are located in the United States. These materials are not intended for, directed at or accessible by persons located in the United States. However, persons located in the United States that make the below certifications can access these materials. Please read the certifications below carefully and provide the information requested in order to access these materials. If you cannot make the below certifications, please exit this page.

Certifications

“We are a “qualified institutional buyer” (a "QIB") as defined in Rule 144A under the U.S. Securities Act of 1933, as amended (the "Securities Act"). Further, if we are acting as a fiduciary or agent for one or more investor accounts, (a) each such account is a QIB, (b) we have investment discretion with respect to each account, and (c) we have full power and authority to make the representations, warranties, agreements and acknowledgements herein on behalf of each such account.”

“We acknowledge that the materials relate to a transaction that is not subject to, or is only available in the United States pursuant to an exemption from, the registration requirements of the Securities Act.”

By clicking “I AGREE” below, you are certifying that the certifications and information provided are accurate and that you would like to access the materials. You agree that the materials you access are for your own use and will not be distributed to any person outside of your organisation.