MORTGAGERS WILL LOOSE A RIGHT FOR AN IMMUNITY OF THE ONLY HOUSING

The "covid" immunity that has been previously introduced for citizens who have taken out a mortgage for the purchase of housing will expire on April 1. This means that it will again become possible to foreclose the debtor's only property - an apartment purchased with a mortgage.

Earlier, a measure to protect the only housing from foreclosure was recommended by the Central Bank in order to support the population, which experienced financial difficulties during the pandemic, including the repayment of loans.

Now the recommendation will lose its validity, and the bailiffs will again have a right to put the only housing of debtors up for auction.

What is more, from April 1, the measure on the provision of mortgage vacations due to COVID-19 disease or a significant loss of income will also cease to be in force. Citizens who have not received debt restructuring up to this point will no longer be able to apply for it.

The coming changes, according to some experts, could cause problems. Despite the fact that the number of new cases of coronavirus infection is gradually decreasing, the income level of the population has not reached the necessary level yet. Therefore, it will continue to be difficult for Russians to cope with the credit burden.