Ministry of Regional Development intends to double the cost of cheaper mortgages in 2013

08.06.2012 13:30
Property News | Ministry of Regional Development intends to double the cost of cheaper mortgages in 2013 Ministry of Regional Development, Construction and Housing intends to initiate in 2013 an increase to UAH 2 billion state budget funding of partial compensation of interest rates on mortgage loans by the state for the population to 3% per annum. "Next year we will be talking about the same UAH 1 billion (budget expenditure in 2012) and 1 billion USD for the continuation of this program," - said the head of department, Anatoly Bliznyuk.

The Minister also noted that the Verkhovna Rada a bill which, inter alia, provides for the Budget Code of the protected items of expenditure for citizens goskompensatsii interest rate on your mortgage.

A.Bliznyuk added that the compensation to the borrower interest rate means lower-level managers by transferring funds to his account on the basis of representation of the lending bank will be transferred within a month.

Recall that the mechanism of reduction in price of mortgage loans worth no more than 16% per annum provided for up to 15 years at UAH, suggests a partial compensation actually paid to the borrower per cent to 3% per annum at the expense of the state budget, provided in a given year.

The list of real estate, including construction in progress, acquired under goskompensatsii interest rates on loans, supplemented by unrealized stroyobektami introduced into service after 2009, the advantage - a loan for young families with children and the "waiting list", and the borrower's income must not exceed 10 times the average monthly salary.

Content tags: Mortgages Housing
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