Cabinet adopted resolution on simplification of mortgage loans refinancing terms

ASTANA. April 14. KAZINFORM /Aigul Tulekbayeva/ Today Kazakhstan Government has adopted a resolution on simplification of the terms of mortgage loans refinancing, Kazinform reports.

According to Executive Director of SamrukKazyna National Welfare Fund Kairat Aitekenov, the resolution eliminates a must of having a housing ownership document. If earlier the loans of those persons who had shares in their parents? or third persons? accommodation were not refinanced, this resolution excludes such regulation. As Mr. Aitekenov noted, this measure will let expand the circle of the citizens receiving such support. The Fund?s Executive Director also noted threefold increase in refinancing the mortgage loans this week. He expressed an opinion that the banks would succeed in rapid utilization of the funds.