Penza explained how mortgage schemes will change from 2027

In the summer of 2027, the mortgage market is waiting for major changes. The Bank of Russia intends to curtail popular schemes.

Financial institutions will have to hold 50 percentage points more in reserves on loans, where payments in the first three years are up more than 20% from the previous year’s average. In addition, the period of action of the reduced rate want to limit three years. Preferential state programs will stay away from these innovations.

Expert Inna Soldatenkova from Banks.ru explains: such programs have become a way to bypass the mortgage standard of the Central Bank. According to her forecast, after the introduction of new rules, such offers in the market will be much less. The rest will be more expensive for developers, and therefore for buyers.

The changes will hit hardest those for whom the “grace period” was the only way to pass the bank’s income check. Some of these customers will have to look for cheaper housing, save for a larger down payment or even postpone the deal.