Laws coming into force on March 1st : mortgage and house manager
In this article we will talk about what changes await us from the beginning of March.
The first news is that the Central Bank has decided to tighten the requirements for issuing mortgages. Since March 1, the Bank of Russia has been increasing premiums to risk ratios on mortgage loans. What does this mean? In case if you give more than half of your salary to repay loans, then you may have to postpone the mortgage for later. Or the interest rate on the mortgage will be so high that you will simply abandon this idea.
In addition, On March 1, a new standard for the management of apartment buildings will begin to operate. Now the management companies will be required to justify to the residents all the work that the money will be spent on. Why should we pay for something if we don't understand what we're paying for? Now management companies will be forced to correlate the need for different types of services with the capabilities of residents.
Do not forget to keep track of changes in legislation and keep up to date with all the news. In the meantime, let's see how these changes will affect our daily lives. After all, spring is just beginning, and the news is already so interesting!
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