The Russians have disclosed the sources of funds for the first installment on the mortgage

Online-Ipoteka: 21 percent of Russians sell property to pay the first mortgage payment

In most cases, Russians use only the accumulated funds. This method is used by 46 percent of the respondents. The sources of funds for the payment of a part of the loan for housing are disclosed in the research of the online-Ipoteka mortgage lending platform, RIA Novosti reports.

The study involved 3.7 thousand Russians who have taken out a mortgage loan over the past five years. To pay the first installment for housing, 21 percent of respondents sell property, and 19 percent of respondents use accumulated savings and maternity capital. Some home buyers borrow money from relatives or friends (8 percent of respondents) or take out consumer loans (6 percent of respondents) for the first installment.

As for the amount of the contribution, 38 percent of respondents contributed an amount of 1, 5 to 2.5 million rubles, 23 percent – from 3 to 5 million rubles. For 19 percent of respondents, the first installment reached 1-1.5 million rubles, for 12 percent – up to 1.5 million rubles. Eight percent of consumers contributed more than 5 million rubles.

Earlier, experts from Online-Ipoteka concluded that 52 percent of Russians are planning to obtain a mortgage loan. 32 percent of future mortgagees said they expect a loan in the amount of three to five million rubles.



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