Starting from 19 September 2024, Ukrainians will face changes in the eHouse programme. It is known that in August, the Cabinet of Ministers of Ukraine adopted Resolution No. 939, which amends the conditions for providing affordable mortgage lending to Ukrainian citizens. On the one hand, the innovations expand opportunities, in particular for young people and internally displaced persons (IDPs), on the other hand, they tighten the screws, reports Komersant ukrainskyi
The main changes to the eHouse programme:
- Reduction of the down payment for young people: the age of programme participants under 25 now allows them to reduce the down payment from 20% to 10%.
- Use of “eRestoration” certificates: citizens can use certificates to compensate for losses as a down payment on a mortgage loan.
- Extension of loan eligibility to relatives of IDPs: the programme’s eligibility criteria are extended to first-degree relatives.
- Real estate criteria: applicants can receive a loan if they have not alienated property during the year before applying. The size of the property must not exceed 52.5 m² for one person and 21 m² for each additional family member.
- Changes in mortgage rates: the 7% rate will remain for the first 10 years, after which it will increase to 10%. For servicemen and other priority categories of citizens, the rate will be 3% for the first ten years and 6% thereafter.
All loans concluded before 19 September 2024 will retain the 7% rate for the entire term.
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As a reminder, the eHouse programme was launched in October 2022 and has already enabled almost 13,000 families to receive concessional loans totalling over UAH 20 billion.
According to Olena Shulyak, Chair of the Verkhovna Rada Committee on the Organisation of State Power, Local Self-Government, Regional Development and Urban Planning, the programme should be improved. She believes that, in addition to reducing the down payment, people should be able to buy a home where they currently live and work. It is necessary to open up the possibility of taking out a loan for housing on the secondary market that is no more than 10 years old, the head of the Urban Development Committee is convinced.
Author: Anastasia Fedor