The Ministry of Economics (MoE) has developed a new mortgage lending programme that will provide individuals with access to mortgage loans for home purchases in the regions. For the programme’s implementation until 2029, public funding of EUR 25.8 million has currently been allocated, and ALTUM may additionally mobilize up to EUR 80.3 million in financial resources. The programme addresses market gaps — specifically, insufficient availability of mortgage loans in regional areas — and will…
The Ministry of Economics (MoE) has developed a new mortgage lending programme that will provide individuals with access to mortgage loans for home purchases in the regions. For the programme’s implementation until 2029, public funding of EUR 25.8 million has currently been allocated, and ALTUM may additionally mobilize up to EUR 80.3 million in financial resources. The programme addresses market gaps — specifically, insufficient availability of mortgage loans in regional areas — and will promote home ownership in Latvian regions where mortgage lending has so far been less active. The project developed by the MoE, “Regulations on Loans for Home Purchases in the Regions”, was approved by the government on Tuesday, 14 October. “More than 3…
