OREANDA-NEWS. April 25, 2012.  Within the framework of cooperation between the Bank of Moscow and VTB24, a consultation can be obtained and an application for an updated "Winning Formalities" and other VTB24 mortgage programmes can be filed at the Karetny Ryad Mortgage Centre of the Bank of Moscow.

The terms and conditions of the VTB24 "Winning Formalities" mortgage loan programme have been changed. In particular, the amount of the first repayment has been cut down to 35%. A decision on a loan application is made on the basis of two documents and without any earnings certificate.

"New opportunities are opened up for the clients of the Bank of Moscow with the reduction of first repayment amounts under the most demanded VTB24 programme", says Oleg Pyatlin, Director for Mortgage Loans of the Bank of Moscow. "As is known the first repayment under a mortgage loan is traditionally a pain for many clients. This spring in cooperation with VTB24 we destroy stereotypes".