From the beginning of the new crisis, the mortgage portfolio has declined in banks by 40%. The state plans to accelerate the mortgage market using special programs. There are already special agencies for this. The National Commission on Mary of Financial Services has already issued an agency for housing loans. This creation was invented last year by 4 banks. The purpose of the agency is a cheap resource for banks, for an affordable mortgage market. We recommend buying an apartment in Irpen.
If you attract banks to an inexpensive resource, they will have the opportunity to take part in the state program. In it, with 16% per annum, the consumer will pay only 3%, and the rest will be paid by the state. At the moment, the bankers are not very profitable, since the deposit rate is above 16%. As a result, bankers are forced to issue loans, up to 20%. But the Available Housing program is designed for solvent customers. There is an assumption that this agency will be able to give bonds worth more than half a million hryvnias by the end of June. These funds will be given to mortgage lending. Documents should be very popular among investors and banks. There are a lot of unfinished structures in Ukraine, which is why the state presented people up to 13%.
But, as noted earlier, there are a number of problems that remain unresolved. Firstly, many emphasized that there are no guarantees that the state will begin the payment of compensation. Therefore, in the end, you can stay with nothing. Secondly, a clear system of how people who are lucky will be selected yet, and they will be able to take this loan is not yet known. It’s hard to talk about all this, because no one saw this with his own eyes, that is, in practice.
Recall that a loan is provided for up to 15 years. The interest rate cannot exceed the specified, namely – 16%. The first contribution that the client will pay, the bank defines by its criteria, but it cannot exceed 25%. Monthly payment cannot be more than 40% of the average monthly stable income of the whole family. And this income for the duration of the loan should not exceed 10 times the average wage.