The market supported the removal of limits on family mortgages

The abolition of limits on family mortgages will smooth its issuance and exclude agiotage demand, the press service of the operator of state programs - the corporation "DOM.RF" told "Izvestia". Banks also supported the initiative of the head of state. They are confident that it will balance the demand for preferential mortgages. During the direct line, Russian President Vladimir Putin called "outrageous" the cases when people are denied the concessional mortgage. In his opinion, neither family, nor rural, nor IT mortgages "should not have any limits".

Without a sense of meter: banks began to charge mortgage rates up to 100%

These are combined loans, where one part of the funds is given at a favorable interest rate and the other part at market interest rates

"The government and I have already discussed this topic. I was promised, and I will check this promise, to what extent it is fulfilled, that there will be no limits. Because at the end of the day it is all connected with subsidies from the government," the president emphasized.

He added that it should be a pleasure for the bank to receive 6% from those who use the loan, and the difference between the bank rate and this 6% - from the Ministry of Finance.

In the fall, banks began to suspend the issuance of family mortgages because the limits ran out. For example, this decision in late October first announced in Sber, and then in VTB.

To solve this problem, the Ministry of Finance approved a new mechanism for the distribution of limits on family mortgages on December 15. Now banks will be able to use the total amount - this will allow market participants to evenly "choose" the limit, explained in the department. In addition, next year it was decided to increase the total amount of the limit to credit institutions from Br6.25 to Br8.65 trillion. However, now this change, by and large, is not required.

Soft mortgage limits are the amount of money that banks can give to the population in the form of subsidized housing loans. Financial organizations are entitled to reimbursement of lost income for the difference between the market and reduced rate only if they issue such a loan within the limits - everything that is issued after their end, the state does not cover.

Read more in Izvestia's exclusive article:

We have reached the limits: the market supported the abolition of limits on family mortgages