The Russians offered to relieve the insurance of mortgage payments

the Bank of Russia proposed to relieve citizens from the insurance of mortgage payments. This was reported on the website of the Central Bank.

According to the developed concept of the Central Bank, the Russians intend to eliminate the need to independently and at his own expense to insure the risks on the mortgage. At the moment, borrowers are obliged to insure the purchased and transferred in pledge to the creditor the property, and often their lives and health. Such spending is not always taken into account when calculating the amount of the loan, which complicates the selection of suitable product.

the Regulator recognizes the need for insurance payments, but believes that it will deal with the lender for its own account to ease the debt burden on the Russians. The Bank will have the right to require the payment or reimbursement of insurance premium from the borrower or conclude another insurance contract.

Earlier the President of Russia Vladimir Putin instructed the government to reduce the down payment on the mortgage for families who are applying for the purchase of housing with use of means of the parent capital.