The Russian Finance Ministry has submitted to the government a draft resolution to reduce the requirements for the minimum size of the down payment on preferential mortgages from the current 20% to 15%, the press service of the ministry said.
The project aims to implement the list of instructions of the President of the Russian Federation and provides for a reduction in the down payment from 20% to 15% on mortgages provided under the Family Mortgage, Far Eastern Mortgage and Preferential Mortgages at 6.5% per annum programs.
“Taking into account the practice of implementing the program” Preferential mortgages at 6.5% per annum “, launched at the end of April 2020, the draft resolution also included certain provisions aimed at improving the interaction between borrowers, lenders and DOM.RF JSC and simplifying the procedure obtaining a preferential loan (loan), “the statement said.
The document was submitted to the government on May 30.
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