Rules on giving of mortgage loans changed in Azerbaijan
25 November 2010 14:16 (UTC +04:00)
According to amendments, the required initial sum for mortgage loan has been increased from 15% to 20%.
According to official site of AMF, a family was banned to take mortgage credit more than once. According to amendments to Standard Requests, the debtor taken the mortgage loan can’t participate as joint debtor when his/her wife/husband takes a mortgage loan.
According to fun, this is for to prevent the person earning high salary to take mortgage loan more than once.
The limitation doesn’t belong to relatives, parents, sister-brothers.
Remind that, several limitations for decrease of risks were applied some months ago.
According to the amendments, it’s not allowed to sell and buy the house from mother-in-laws, father-in-laws, sister-brother and grandpa-grandma through mortgage loan.
According to official site of AMF, a family was banned to take mortgage credit more than once. According to amendments to Standard Requests, the debtor taken the mortgage loan can’t participate as joint debtor when his/her wife/husband takes a mortgage loan.
According to fun, this is for to prevent the person earning high salary to take mortgage loan more than once.
The limitation doesn’t belong to relatives, parents, sister-brothers.
Remind that, several limitations for decrease of risks were applied some months ago.
According to the amendments, it’s not allowed to sell and buy the house from mother-in-laws, father-in-laws, sister-brother and grandpa-grandma through mortgage loan.
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