Banking institutions are more carefully when choosing their customers, according to a series of strict criteria. Banks no longer extending credit to population so easy, but are more careful when it comes to security, such income derived by the applicant or advance.Credit institutions have become more demanding in terms of income taken into account when granting loans to the public, according to the same study. From this point of view, those who derive income from wages will be least affected by the new credit policy. Instead, people who have income from rents, pensions, royalties, management contract or a loan agent will get harder a mortgage.
This problem occurs because of the world crisis and because the population have already too much debts and the power of payment back the loan becomes smaller each day. Every month the number of debtors increases and more and more people lose their properties.
The new rules , already applied by some banks require the highest degree of lower indebtedness for people , but also the obligation to present a wage tax card for the previous year. In addition, implementation of new rules, superimposed on the global financial crisis, determine credit institutions to add new conditions such as prudential. Type security, the income, but also the advance are indicators that more and more banks take into account when granting loans.

If not time ago the banks accepted a large range of guarantees for mortgage loans, at present, they have become more selective, shows a recent study. Also other banks announced that no longer accept land as collateral. Exceptions are only for the built-in cities of the county, with funding not exceeding 50% of market value. Also the nationalized house or those based on leased land don’t make the object of a guarantee for obtaining a mortgage.
So if you want to buy a property and you don’t have the money it is harder now to get a loan and unfortunately you will have either to raise the amount of money that you need, which it may take a lifetime if you don’t have a big income, either to wait for the banks to “domesticate” the conditions of taking a mortgage. In both cases you will have to be patient and not make the imprudence of taking an impulsive decision and later to found yourself in the incapacity of paying your loan.