It is not excluded that in March 2016, after summing up subsidizing mortgage rates for the first year, the question of the extension of the program may be raised again, said the representative of the Ministry of construction.
MOSCOW, 19 Jan. The Ministry of construction and housing and communal services of Russia may again raise the issue of extending the subsidy of mortgage rates in March, said Tuesday the representative of the Ministry of construction.
On Tuesday the Deputy Minister of Finance of Russia Alexey Moiseev said that the subsidies for reduced mortgage won’t be extended. According to him, this does not mean that there will be other measures to support the mortgage.
“It is not excluded that in March, after summing up subsidizing mortgage rates for the first year of the extension program can be raised again”, – said the representative of the Ministry of construction.
He stressed that the government was instructed to develop additional measures to support the mortgage.
The representative of the Ministry recalled that the program of preferential mortgage subsidy planned for the year, before 1 April 2016, given the fact that all those people who took a mortgage during this period, to pay the mortgage with subsidies the entire term of the loan.
The government of the Russian Federation, in accordance with the law on preferential mortgage, planning in 2015 to allocate 20 billion rubles to Russian banks for subsidized mortgage loans for the purchase of a primary residence, so they were not above 12% per annum. It was assumed that this will allow banks to issue mortgage loans on 400 billion rubles. Later the government extended the program of preferential mortgage lending with state support up to 700 billion rubles. The program is valid from 1 March 2015 to 1 April of the current year.