The main reasons for denying a mortgage in the Savings Bank

Not all residents of our country can buy housing without mortgage registration. Especially if the object is in a large city. In this case, you need to contact the banks. Each credit institution offers its own terms for processing the transaction. Sberbank has favorable offers.

The procedure for registering a mortgage is quite complicated. Often, applications are rejected. The reasons for denying a mortgage in Sberbank may be different. Often this is due to inadequate income, poor credit history and inadequate requirements.

Reasons for failure

Not everyone knows how to approve a mortgage in Sberbank. The reasons for the refusal can be found after the decision of the bank. This takes into account the marital status, income, credit history of the client, as well as many other factors. It is important whether a person has property that can be used as a guarantee of payment. If there are any doubts about the borrower, then there should be a refusal in the mortgage in Sberbank.

Why this happened, the bank is not required to report. This is fixed art. 821 of the Civil Code of the Russian Federation, according to which the creditor can refuse the transaction in the presence of certain circumstances. But clients need to know the reasons for refusing a mortgage in Sberbank. After all, this has an effect on further actions.

Requirements for borrowers

How to find out why Sberbank denied a mortgage? To do this, you need to familiarize yourself with the requirements for borrowers:

• Age. When applying, a person must be more than 21 years old, and at the time of the last payments, he can not be more than 75 years old.
• Income. It must be official and permanent. The registration requires a high-paying job.
• Absence of previous conviction. Otherwise, such clients will not be able to issue a mortgage. A small probability of a positive outcome is with conditional conviction.

Banks may have other requirements for borrowers. For example, you need to provide the necessary list of documents. In many institutions, a certificate of 2-NDFL is considered mandatory, and yet not all can provide it.

Non-compliance

Each institution makes its demands on borrowers. The reasons for refusing a mortgage in Sberbank can be covered in this. Also, you may need to work on the last job from 6 months. Sometimes you need a total work time of at least 1 year.

Only if you meet all the requirements you can apply for a mortgage. Only then can we expect a positive solution.

Insolvency

The cost of real estate is high enough, so for the mortgage registration the client must have a good income. The average amount for the country each year is different, but now it is about 35 thousand rubles. In some regions, it may be more or less.

Sberbank takes into account the solvency of borrowers. The maximum mortgage payments should not be more than 30% of the income of working people in the family. From it, subsistence minima are calculated for nonworking people. If the income does not fit the required threshold, then a refusal in the mortgage will follow. Sberbank causes in 2016 has similar deals for similar transactions as in previous years.

This can be corrected by increasing the amount of the first payment, which is usually 20%. The larger the amount, the less you have to pay each month. As a result, the amount of payments decreases to the level necessary for a positive response from the bank.

Credit history

If a mortgage refusal has come, Sberbank may not notify the reasons for such a decision. They can be in the credit history. If customers pay their loans on time, they will most likely approve the mortgage. When considering an application, all the nuances are taken into account. The reasons for the refusal include:

• Arrears in payment of loans issued in any financial institution. If there were no timely payments in one structure, very often other organizations refuse to receive a mortgage.
• Recently issued small loans. For example, loans to the phone. This can cause doubts about the solvency of the borrower.

To change the credit history, current loans must be paid on time. Perhaps in the future we will get a mortgage.

Documentation

The reasons for denying a mortgage in Sberbank may be related to improperly executed or forged documents. All information that is sent to the bank at the request, are checked. If unreliable information is revealed, the client will not be given a mortgage. When completing the application, the inquiries should be reviewed, checked for errors, blots.

Men should have a military ticket with them, where the service in the army should be indicated, the reasons for the delay. If fake documents are used to obtain a loan, then such a person can get on the black list. Then no financial institution will be able to issue a mortgage. This applies to all documents.

Debts in the tax and traffic police

Why are you denied a mortgage? Sberbank may not sound reasons, but customers should know that this is due to the existence of debt to the traffic police or tax.

Therefore, you should pay fines and other fees. Check their availability and make money through various services - special sites, payment systems, terminals and ATMs. If there are no debts, then you can apply for a loan.

Health status

Why did Sberbank deny a mortgage to a salary client? This may be due to inadequate requirements or inadequate income. Sometimes a refusal is due to a state of health. Usually, it is not possible to register a mortgage for pregnant women, as well as for people who are treated for a long period in a hospital. It will not be possible to issue a mortgage in case of illness or disability.

Liquidity of real estate

A lot of requirements are put to the pledge. Low liquidity also becomes the reason for refusing to register a mortgage. Property valuation is performed by specialists. The bank must be sure that the mortgage will be paid. In case of non-payment of real estate is sold, and the proceeds will cover the debt.

The following requirements apply to real estate:

• Location of the facility in the region of work of the branches;
• Year of construction - not earlier than 1965;
• Kind of object - comfortable housing;
• Absence of encumbrances, debts, illegal re-planning.

Usually banks do not provide loans for rooms in communal apartments and dormitories. Complexities also arise with objects located in remote regions. Sberbank may refuse to issue a mortgage because of inconsistency in the formation of a position held, a non-representative kind, a dangerous job.

What should I do if I refuse?

Although the refusal is considered unpleasant for the client, you should not despair. Usually, Sberbank is reviewing applications, and therefore in the future can make a positive decision. And in order not to admit a refusal, it is necessary to eliminate its cause. For example, get a job at a more paid job or find an object at a bargain price.

If the reasons for refusing a negative credit history, then it should be corrected. It spoils not only because of late payment of loans, but also because of technical mistakes and inattentive attitude of bank employees. To correct mistakes, you need to contact the financial institution with the relevant application. If the client fails to pay the loan on time, then he should do it in time to fix the situation. After that, you can apply again.

You can find a new property. The object should fit the requirements of the bank. It should be borne in mind that financial institutions are easier to provide large loans for the purchase of a comfortable apartment than small loans for the purchase of a village house.

Sometimes borrowers use consumer loans to buy real estate. Although the amount may not be enough, it will cover most of the price of the object. To draw up a consumer loan, the borrower needs to provide a few documents in comparison with the mortgage.

You can apply to other banks. Each organization has its own requirements for customers. If there was a refusal in one, then in another there could be a positive decision.

If banks do not issue a mortgage because of low income, then the borrower has the right to attract additional guarantees, for example, the invitation of co-borrowers or guarantors. The first can be only close relatives, and the second - wealthy individuals. The client can pay a large first installment or provide other tangible assets as collateral. Then a review of the solution is possible.

Credit Brokers

Many turn to credit brokers who provide assistance in obtaining a mortgage. But it should be borne in mind that the commission will have to pay for this work.

Brokerage services are perfect for:

• Citizens who do not have time to collect documents, perform other formalities;
• Borrowers who have been denied credit in several organizations.

If the above tips did not help, then you need to remember that loans are issued to other family members. Perhaps someone more suits the requirements of the bank. For most, the mortgage provides the only opportunity to purchase your home, so it must be registered responsibly. Do not despair of failure, because in the future, it is likely to get a loan.