Rent with subsequent purchase is offered to problem borrowers
Rent with subsequent purchase is offered to problem borrowers. The assets transferred to the bank's balance sheet will be leased to them with subsequent purchase. The National Bank has begun to help problematic mortgage borrowers, including those belonging to socially vulnerable segments of the population. Where it says that borrowers who belong to socially vulnerable segments of the population and who have transferred to the bank's balance sheet of Borrowers' property will be leased to them with further purchase. Most of them have almost the only source of income from government payments and benefits. And they have to give them all to the banks in order to pay off the loans. The National Bank has now launched an important legislative initiative. Its essence is to grant banks the right, under the program, to lease housing that has become their property as a result of foreclosure in connection with the borrower's failure to fulfill obligations under the agreement.
mortgage loan. This amendment will provide the borrower with the opportunity to return to his ownership the housing that previously belonged to him," said the head of the financial regulator. The National Bank also emphasized that the government is taking unprecedented measures to assist mortgage borrowers. Who, due to objective circumstances, found themselves in a difficult situation. The National Bank believes that, taking into account the accumulated experience, the efforts of the financial regulator should also be aimed at stimulating mortgage lending.
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