The Ministry of construction stated the conditions for the renewal of the mortgage with state support

В Минстрое рассказали об условиях для возобновления ипотеки с господдержкой

The subsidy program, mortgage rates may resume at any time in case of a new increase in the key rate, said at the government hour in the state Duma the head of Ministry of construction of Russia Mikhail Men.

Earlier this position was voiced by the Deputy Finance Minister Alexei Moiseev.

According to Me, the extension of the program in the form in which it exists now, is not required, although in the future it may again begin to act for certain categories of citizens.

“But if suddenly again the key rate will rise, the program will continue. We are ready at any moment,” said Men, stressing that for its renewal may require only two weeks.

The state program of subsidizing of a mortgage, acting in Russia in 2015, helped to increase the availability of loans for housing. The authorities planned to complete it by March 1, 2016, but later extended it to the end of the current year.