The program was supposed to end on July 1 this year, but Putin ordered its extension until 2030 while keeping the interest rate. However, the dictator’s order is not yet effective, Russian media reports.
In Russia, the state family mortgage program, ordered by the owner of the Kremlin, Vladimir Putin, to be extended until 2030, has actually stopped operating, writes Forbes.
It was noted that of the 15 largest banks in terms of issuing mortgage loans, no more than six continue to accept applications, but even then obstacles appeared in the form of additional conditions.
Sberbank said that they are ready to continue issuing mortgage loans when the government publishes new conditions of the state program, and the initial parameters of the program ceased to apply on July 1.
According to the publication, the family’s mortgages at VTB Bank have been suspended indefinitely Dom. RFAlfa Bank, Gazprombank, Uralsib, RSHB, bank AK Bars and RNKB.
In Sovcombank, PSB and Absolut Bank We accept applications for family mortgages only from families with children with disabilities. In MKB and bank Saint Petersburg Only families with children born in 2018–2023 can apply for a family mortgage.
Banks that continue to accept applications collect contacts for the future so as not to lose their client base after the family mortgage is renewed under new conditions.
The Russian government introduced a family mortgage at 6% per year in 2018, and for a long time it remained one of the most popular and affordable government programs for the purchase of housing in new buildings in the Russian Federation . The program was supposed to end on July 1 of this year, but Putin, in his address to the Federal Assembly, ordered to extend it until 2030 while maintaining the interest rate (6% per year).
Last fall, it was reported that Russians took out mortgage loans for a record amount.
Source: korrespondent
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