Controversial Mortgage Life Hack Sparks Debate in St. Petersburg

A life hack for obtaining a family mortgage in St. Petersburg, Russia, has recently surfaced online, sparking debate among real estate professionals. The method involves using a co-borrower who has a child under 7 years of age to meet the criteria for a family mortgage, even if the primary applicant does not have children. While some real estate agents confirm the use of this strategy, ethical concerns and potential legal ramifications remain. "I haven't personally conducted such transactions," says one real estate agent in a recent TikTok video, "but I know colleagues who sometimes use this workaround." Experts caution against relying solely on this method and advise thorough investigation into the legal and financial implications. The practice highlights the challenges faced by individuals seeking affordable housing in St. Petersburg.