
The Russian Ministry of Construction in August offered to soften the
conditions necessary for obtaining a mortgage, the citizens who find themselves
in difficult life situations.
According to the draft government regulations, it is necessary to increase the
maximum amount of compensation for mortgage borrowers who find themselves in a
difficult financial situation, with 10% to 20% of the loan balance.
The Ministry proposes to amend the criteria for implementation of the aid
program to certain categories of borrowers for mortgages. The document states
that it is necessary to expand the list of citizens who can qualify for the aid
program. To do this, add a category of borrowers, which are dependent children
under 24 years, students are full-time students, graduate students, residents,
interns, trainees.