Ukrfinzhilye is improving the eOselya program of affordable mortgage lending and is developing new ones, in particular a rental program with the right to buy, the press service of the state-owned enterprise told Interfax-Ukraine.
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It is noted that “Ukrfinzhilye” is now actively working on this project. The rent to own format is not new, it is quite popular, in particular in European countries, the experience of which the company’s experts are now studying in order to make the Ukrainian model as profitable and effective as possible. The rent to own format assumes that a person first rents the chosen home for a limited period of time along with payment of rental payments, accumulates funds to pay the down payment and then the transaction turns into a regular loan.
“We are not yet ready to announce the details by rates, terms and participants. You will hear more specifics after all stages of discussion with government representatives,” the press service reported.
As reported, the Ministry of Development of Communities, Territories and Infrastructure has published a draft law of Ukraine “On the basic principles of housing policy.” According to the test of the bill, in particular, mechanisms for social housing, social housing with the right to purchase, and service housing are provided.
