The mortgage holidays can last six months.

"We find," he says, "that people have some concerns about mortgages related to a possible loss of solvency or a decline in income. This is confirmed by the pattern of consumer complaints received by the Bank of Russia: more than half of mortgage claims in 2018 relate to the inability to meet contractual obligations. In turn, such anxiety can have a deterrent effect on the sustainable development of the mortgage market. "

Mamuta said that the right to vacation or during a reduced payment period, it will be possible to use it once for a property and take it for a period of 6 months. It should be noted, however, that the exact parameters of the conditions governing the granting of mortgage holidays are still under discussion.

Why exactly this term is proposed? "According to our observations," replied Mamuta, "it is this period that is enough to settle a situation of life." For six months, the person returns to the payment schedule or the events take place in such a way that the vacation no longer helps, then the period of validity of the insurance coverage or the realization of the creditor's lien effect. "