In recent weeks, there has been much talk about the fact that in the fourth quarter banks may experience a real storm of borrowers.
How is it actually Is the prospect of having at the start to apply for a mortgage up to 10 percent? their own contribution made Poles hurry? Or maybe at least some of them prefer to wait for the amendment of the act on the government program “Apartment for young people”?
The latest data of the Credit Information Bureau show that as early as in the first half of 2014, banks granted 2.6 percent more housing loans, compared to the same period last year. In addition, the value of concluded contracts increased by 10.2 percent.
According to experts, there are several reasons for this. First of all, the real estate market is still receiving money from bank deposits, after each subsequent rate reduction. However, they are to a large extent cash transactions or slightly supported by credit because they are of an investment nature.
However, many people who need a mortgage to meet their own housing needs, have decided to anticipate further changes and apply for it at banks before the changes are implemented.
However, this is not the only factor that has a positive impact on the credit market this year. Interest rates remain at a record low. The low-interest-rate environment affects both the attractiveness of interest costs, and thus the number of installments and, as well as the creditworthiness itself.
The conditions for granting loans will tighten: from January 1, 2015, your own contribution will have to amount to at least 10%. property values.
At banks, the number of mortgage loan applications has been growing since October.