Ukrainian Financial Housing Company is improving the eOselya affordable mortgage lending program and developing new ones, such as a rent program with the right of redemption and social rent. The rent-to-own format is not new; it is quite popular, particularly in European countries, and the company’s experts are currently utilizing their previous experience to make the Ukrainian model as profitable and effective as possible.
The rent-to-own format assumes that a person first rents the chosen housing for a limited period and makes regular rental payments, saves funds for the down payment, and then the rental agreement transitions into a regular home loan.
However, the company has not announced details about rates, terms, and participants. Earlier, the Ministry of Infrastructure published a Ukrainian draft law, On the Basic Principles of Housing Policy, which provides for the mechanisms of social housing.