The authorities will monitor the issuance of preferential mortgages

Banks may limit the issuance of preferential mortgages — the financial authorities saw such risks after the market refused to charge fees from developers. The Ministry of Finance has learned that credit institutions may limit the issuance of preferential mortgages, Deputy Finance Minister Ivan Chebeskov told Izvestia.

We have a cancellation: 11 large cities are at risk due to the curtailment of preferential mortgages

The share of unsold housing is growing in the regions, which can lead to bankruptcy of developers.

"We have agreed with the Central Bank that we will monitor the situation and see how the banks behave. We do not have a clear answer as to what measures will be necessary," Ivan Chebeskov said.

The press service of the regulator confirmed to Izvestia that banks can now tighten the standards for issuing preferential mortgages. For example, to increase down payments for more risky groups of borrowers.

"Banks do note that the rejection of "subsidies from developers" may lead to a decrease in government—backed mortgages," the Central Bank's press service said.

The practice of charging fees from developers began to leave the market in May 2025. And before that, in the last few years, if a developer wanted to sell housing under a state program, he had to pay an additional 4-10% per annum for each apartment — in fact, to co-finance a preferential loan. This happened because due to the high key issue of government programs, they became unprofitable for banks. The authorities fought with such commissions: even the president spoke out against it. However, now banks can again complicate the registration of loans for housing with state support.

Read more in the exclusive Izvestia article:

Under an incomplete program: banks may limit the issuance of preferential mortgages