Sberbank mortgage payment service 2021: what is it, agreement, reviews

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Published: 04/01/2019

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In April 2021, Sberbank launched a new service - Secure Payment Service.

• What is the service for?
• How the service works
• Benefits for the parties to the transaction
• Features of using the service when the amount in the contract is incomplete
• Price

What it is

When applying for a mortgage, Sberbank clients are given the opportunity to reduce the likelihood of potential fraudulent actions from the other party and minimize the time spent on settlements. To do this, if you wish, you can use the secure payment service, which is a non-cash payment service for real estate, fully controlled by Sberbank.

In simple words, the buyer of residential/non-residential premises transfers the required amount to a special account in the CNS (Real Estate Center in Sberbank), and after successful registration in Rosreestr, the entire amount under the agreement is transferred to the seller’s bank account.

The parties to a mortgage transaction using a secure payment tool can be both private individuals and development companies.

All interested clients can use the service of such calculations in the regional mortgage centers of Sberbank when purchasing a room/apartment/share of premises on the primary and secondary markets.

NOTE! When applying for a mortgage, Sberbank's secure payment service is available only within the framework of standard programs for the purchase of finished and under construction housing.

Benefits of the service

Sberbank's secure mortgage payment service has a number of undeniable advantages for both parties. Let's look at them in more detail.

For the seller

The main advantages for the seller are:

• no need to come anywhere to get money (you just need to provide the correct details for enrollment);
• exclusion of receiving counterfeit banknotes (all money is checked by the bank and credited to the account);
• instant receipt of funds under the contract after confirmation of registration with the Registration Chamber/MFC (the transfer is processed automatically).

For the buyer

Benefits for the buyer:

• no need to cash out (withdrawal from account/card);
• minimum enrollment time (it only takes 15 minutes to complete registration);
• no need to recalculate funds and place them in a safe deposit box/safe.

The buyer’s money is under the reliable protection of Sberbank until the property is encumbered and the mortgage transaction is registered. If registration is successful, the money is transferred to the seller, of which the buyer immediately receives a notification by email/SMS and in his personal account on the Dom.Click portal.

IMPORTANT! The use of the secure payment service does not guarantee the legal purity of the transaction. He guarantees that the seller will receive the money only if it is registered, but no one will thoroughly check the history of the apartment.

Reviews from real clients

Transactions through the central nervous system have been carried out relatively recently, so reviews of Sberbank’s secure payment service are mixed. Many clients note the ease of processing and security of payments. However, among the minuses, complaints are received about the sluggishness of bank managers and the length of the registration procedure in Rosreestr. Although according to the contract the verification should be carried out within a few days, in reality it takes up to two months for confirmation.

In this case, all terms specified in the main mortgage agreement are violated, and the buyer has to pay additional fines through no fault of his own. It is also stated that bank employees incorrectly completed the necessary documentation, and any mistake made or incorrectly entered figure in the cadastral passport greatly aggravates the situation.

How the service works

The operation of Sberbank’s secure payment service when applying for a mortgage includes the following stages:

1. After concluding an agreement between the seller and the buyer, the latter deposits the required amount (down payment) into a special account in the Sberbank Real Estate Center.
2. Documents are sent for electronic registration to Rosreestr.
3. If everything is in order, the transaction is registered, ownership rights are transferred to the buyer, and the collateral is encumbered in favor of Sberbank.
4. Money is transferred from the account in the central nervous system to the account of the selling party.
5. The parties receive notifications that the transaction has taken place.

After the Registration Chamber registers the mortgage, Sberbank replenishes the account in the Central Tax Service with the missing amount (the cost of the property minus the down payment paid by the buyer). Only after this the entire amount will be transferred to the seller.

The procedure for conducting legal examination

An expert inspection of a property through the secure transactions service is carried out within 3 business days. During this period, lawyers of Real Estate Center from Sberbank LLC:

— Collect information and analyze documents about the apartment or house. — They are studying the history of transfers of ownership of the object since 1998. — Check the financial condition of the seller and his reliability (presence of tax debts, litigation, enforcement proceedings, bankruptcy). — Clarify the legal consequences of the transaction and prepare expert conclusions.

Features of the service when the contract price is not full

Understating the cost of an apartment in a contract when selling it is relevant, first of all, for sellers if they have owned it for less than three years. Not wanting to pay income tax to the budget, many sellers try to indicate an incomplete value of the property in the DCT.

The bottom line is that the contract stipulates a price that is less than the actual cost of the apartment. It is this amount that the borrower transfers to the seller, and the balance is paid against receipt. Such situations are not uncommon and often do not meet resistance from creditor banks, but they are associated with serious risks associated with the potential for termination of the transaction.

The secure payment service involves transferring only the amount that was specified in the purchase and sale agreement. Therefore, if it contains incomplete value, then if the transaction is declared invalid or not concluded, the buyer will be returned only those funds that were indicated in the contract.

Therefore, it is recommended that you carefully read the history of the property you are purchasing (for example, how the current owner acquired ownership of it) and under what circumstances you can proceed with the transaction.

A simple example: the owner of an apartment bought an apartment 2 years ago and sells it for 1.5 million rubles. The contract asks to indicate the cost of 1 million rubles, and to pay the rest by receipt. Using the secure payment service, after registering the transaction, 1 million rubles will be transferred to the seller’s account. Hypothetically, if the apartment was received by the owner by inheritance and suddenly another contender for housing appears, then the transaction can be challenged and terminated. In this situation, the buyer will get back only 1 million instead of the 1.5 million rubles actually paid.

The presence of a receipt, of course, plays a role. But she will have to go to court. And this is fraught with considerable expenditure of nerves and effort, taking into account the failed deal to purchase real estate.

CONCLUSION: You should only get involved with the purchase of housing at less than the full price in the contract if you have the most reliable information about its history and the integrity of the owner. This scheme is relevant only for legally clear transactions.

Legal expertise

The future owner of the property is primarily concerned about its legal past. It makes sense if you consider that the most common risks lie precisely in the history of the apartment:

1) Purchase in violation of the law. If the seller at one time bought this property in a dubious way, the court may invalidate not only the previous transaction, but also the present one. That is, yours. The property will be returned to the rightful owner.

2) Unauthorized disposal of inheritance. Often, after the death of the owner of the living space, one of the relatives sells it individually. The remaining heirs can claim their rights even after a few years. They will claim a share in your apartment.

3) Ignoring the rights of a minor. If the child living in the apartment did not participate in privatization, then upon reaching the appropriate age, he can go to court and challenge your rights to own real estate.

Many are convinced that there is nothing to fear when buying a home that has only had one owner. The last point proves that this is not the case. Rent arrears, legal disputes, enforcement proceedings, encumbrances on the property or claims of third parties can significantly complicate the transaction or lead to negative consequences in the future.

Another misconception is to believe that legal expertise is not needed if the living space is purchased with a mortgage: after all, the bank already checks the documents. Yes, but in this case, only a primary legal analysis is performed, which is necessary to assess the liquidity of real estate and register a pledge. This is not enough to eliminate all risks.

Service cost and additional commissions

Regardless of the price of the purchased property, the cost of secure settlements for a mortgage transaction is 2 thousand rubles . Sberbank does not charge any additional commissions or payments.

However, if money is transferred to the special account of this service from the account of a third-party bank or financial organization, then a transfer fee may be charged. Its size will depend on the tariff policy of this third-party bank. If the account from which the buyer will transfer funds under the agreement is opened with Sberbank, then nothing additional will be required.

In addition, when Sberbank settles with the former owner of the apartment, an additional commission may arise due to the transfer from the account of a legal entity to the account of a citizen. You can clarify this point with the receiving bank.

To ensure a secure transaction, the bank’s lawyers conduct a comprehensive examination of:

— the rights and powers of the seller to complete the transaction; — compliance with the law regarding the protection of the rights of minors; — compliance with the law regarding the protection of the rights of third parties not participating in the transaction; — encumbrances on living space, litigation and enforcement proceedings; — tax debt on the object; — information about the bankruptcy of the owner; — information about the building’s belonging to cultural heritage sites; — information about the planned demolition of the building or its recognition as unsafe; — information on the seizure of living space for municipal or state needs; — information about state registration of a transaction, right or restriction of the right to living space without the consent of a third party or body in accordance with the law; — other facts based on the status of the object and the specifics of the transaction.

Documents for registration

In order to use Sberbank's secure mortgage payment service, participants in the transaction will have to provide a small package of papers.

The seller will need:

• passport;
• full bank details for depositing funds.

From the buyer:

• passport;
• TIN certificate.

If one of the parties is a legal entity, then it will be required to provide constituent/registration documents and bank details.

In addition, a mandatory document is the basis agreement for the purchase of this property. For example, in the case of the sale of secondary housing, this is a purchase and sale agreement.

Mobile application DomClick from Sberbank

To make the service even more convenient, Sberbank has developed a DomClick mobile application for mobile devices running on the iOS or Android platform.
The program can be downloaded for free on the App Store or Google Play. DomClick for iOS

DomClick for Android

Using a mobile application, you can choose a future apartment among more than 400 thousand objects, communicate with participants in the transaction via chat, exchange electronic documents, and receive prompt advice from specialists.

The application has received a high rating from users, which tends to reach 5 points on a five-point scale.