Russians Get Mortgage Breaks for Second Child from Sept 1
Russians will be able to get mortgage holidays for their second child starting September 1. The preferential period is up to 18 months.
Consensus
- Mortgage holidays for families with a second child will be available starting September 1.
- The benefit period lasts up to 18 months.
- Applications must be submitted within 180 days of the child’s birth or adoption.
- The home must be the family’s only residence.
- The loan amount must not exceed 15 million rubles.
- The benefit can be used only once per family.
Points of divergence
- The benefit period ends automatically when the child turns 1.5 years old. — tg_mosguru
- The first six months of the holiday period are fully interest-free, and from the seventh to the eighteenth month, interest accrues but is deferred until after the holiday ends. — vm
- Families must provide birth certificates, adoption documents, and a multichild family certificate to qualify. — vm
- 21% of respondents said mortgage rates could influence their decision to have a child, but most consider the program insufficiently attractive. — vm
Coverage (4 sources)
- Russians will be able to get mortgage holidays for a second child from September 1 — Новости Москвы
- Mortgage holidays may be available from September 1 to families where a second child was born or adopted. — Первый Московский
- Mortgage holidays for families with a second child will be introduced in September — Вечерняя Москва
- Russians can get mortgage holidays for a second child starting September 1. — РИА Новости (Telegram)