By the decision of the Board of the National Bank of Azerbaijan, a number of alterations and changes have been moved to the standard requirements on granting mortgage credits to the authoritative credit organizations refinanced by the Azerbaijan Mortgage Fund (AMF). Henceforth, lands with the confirmation of the right on ownership can be a subject to expand the subject of hypothec besides the accommodation, private housing as a hypothecation assurance, Trend reports referring to the press-release of AMF.
That will increase the possibility on leaving additional types of immovable property as a deposit during receiving mortgage credits, as well as extend possibilities on using these means in the towns, behind the towns, in the regions in particular.