Ministry of Regional Development, Construction and Housing (Ministry of Regional Development) plans to introduce a number of changes in government regulations on cheaper loans for home purchase, among them - reducing the borrower's down payment to 10% to 25%. "The program is constantly being improved and are almost always working with the adjustment. As early as this month we will host the third edition regulations designed to benefit the citizens. Because not all, for example, have the opportunity to make a down payment in an amount to be set. We want to improve the system, "- said A.Bliznyuk.
In addition, he said, including the planned changes - a partial compensation of interest directly to the banks, not borrowers, as it is now. The Office also plans to increase the share of payments on the loan in the total household income from 40% to 55%, raise the upper limit of the family income of the borrower to obtain partial reimbursement.
In addition, we plan to determine the maximum area of housing taking into account the number of family members of the borrower, to raise the estimated cost of housing for the calculation of partial compensation without increasing the price of the apartment. This will increase supply and choice of housing.
Ministry of Regional Development and initiates the opportunity to provide a loan at 6% per annum on the excess of allowable limit area and the estimated cost, which currently can only be met by the borrower's own funds.