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PART OF THE MONEY FROM THE SALE OF THE ONLY MORTGAGE HOUSING WILL BE LEFT TO THE BANKRUPT. BUT THIS IS NOT ACCURATE

The Ministry of Economy has developed a bill offering additional guarantees to bankrupt citizens whose mortgage housing is the only one. After the sale of such housing and after repayment of debts to the credit institution and primary creditors, it is proposed to leave the remaining funds to the bankrupt for the purchase or rental of housing, rather than ...

Mortgage may become more beneficial for trustworthy borrowers

... assess the risks. The Ministry of Finance is confident that the new instrument will, on the one hand, reduce the cost of securitization, and on the other hand, speed up the transaction procedure. Additionally, it is expected to improve the quality of mortgage loans themselves. Work on the bill should be completed by February next year, at the same time, it is planned to be submitted for consideration to the lower house of parliament.

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