Azerbaijan changes rules for state-programme mortgage lending
Azerbaijan has introduced changes to the procedure for issuing mortgage loans. The stated aim is to help a larger number of citizens in need of housing and to make the processes more transparent.
Yulduz Salimov1 min readText size
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Azerbaijan has changed the rules for issuing mortgage loans. According to reports, the changes are aimed at allowing more citizens in need of housing to use mortgage loans.
Aim of the changes
According to the source, the changes pursue three goals: to expand access to mortgage loans for citizens in need of housing, to make working processes more transparent, and to prevent cases of abuse.
The changes concern the procedure for issuing mortgage loans within the framework of a state programme. Details of the specific changes are not provided in the source.
Source: oxu.az
