MOSCOW, December 3. The government has changed the rules of granting subsidies for housing mortgage lending for the compensation of shortfalls in income on mortgage loans. The corresponding decree published on the government website.
© ITAR-TASS/ Yuri Mashkov
To take a mortgage loan at reduced rates the seller is only available until 30 November
The rules of granting subsidies from the Federal budget of the Russian credit organizations and the Agency for housing mortgage lending (AHML) to compensate for the lost income on mortgage loans issued by approved by order dated March 13, 2015. Now they made changes.
In particular, the possibility of credit institutions and the seller further to apply for grants. The mortgage market participants that plan to refinance loans (loans) through the seller, the opportunity to participate in the subsidy program. Moreover, there is no requirement of repayment in equal installments while maintaining the annuity system of repayment.
Also provided for use as a downpayment or part of the funds received by citizens from the Federal budget, budgets of subjects of Federation, local budgets or employers of the borrowers.
The government say that the amendments are intended to support the implementation of subsidy programmes and will stimulate lending for housing construction economy class.