Maternity capital is a good opportunity to solve your material issues through state support. To properly plan family budget, you should immediately figure out what you can spend maternal capital, and on what - it is impossible.
The amount of maternity capital has not changed since 2015 and today is 453,026 rubles. The dynamics of indexation of this payment from the state is shown in the diagram.
The funds of maternity (family) capital have only designated purposes. This means that there is no way to cash them out and spend as you wish. The law allows the use of money in 4 ways related to the improvement financial situation child, mother and family in general:
Each of these cases requires obtaining the appropriate written permission from the branch of the Pension Fund. Depending on what maternity capital can be spent on, it will be necessary to provide relevant documents that prove the fact of the intended use of funds.
NOTE. The maternity certificate program in its current form will run until at least December 31, 2018.
It's interesting that statistical analysis areas of use of funds suggests that in almost ¾ of cases citizens use it to buy new apartment, home, plot for housing construction or renovation. The corresponding diagram clearly shows the preferences of Russians (figures are taken from the dynamics of the last 5 years).
Under improvement living conditions the following options for spending family capital are understood:
You can spend maternity capital money on all these options, and the conditions and documents will differ slightly depending on each specific case.
Purchasing a new home means buying:
A mortgage loan is issued both for an individual spouse and for both (co-borrowers). The latter option is more popular. since in this case banks will almost always provide funds - the income of both spouses will be enough to confirm solvency.
You can apply not only to the bank that provides such a service, but to other credit organizations(for example, a consumer cooperative engaged in lending).
Before contacting them, it is important to obtain written consent from the representatives of the Pension Fund that the funds will be used specifically for registration or repayment of the mortgage. The fund must provide the original passports of the borrowers, the original of the capital certificate itself, as well as:
The package of documents is accompanied by a standard application form, which is in the Pension Fund. Representatives of the body are obliged to consider it no later than a calendar month. Refuse to allow the use of money to purchase housing (apartments, houses) in a mortgage or to repay an existing loan Pension Fund has no right. There are only a few cases in which the law provides for a refusal:
Then the borrower (or both borrowers) is sent with the permission received from the Pension Fund to the appropriate credit institution, where the original passports and a certificate for family capital are also provided.
In all cases, you can spend capital immediately after receiving it, that is, without waiting until the child is 3 years old.
Family capital funds are not credited to the bank account immediately, but only 2 months after the Pension Fund gives the appropriate permission. Therefore, you need to be prepared for the fact that in the near future the mortgage will be repaid in exactly the same payments as in the usual mode.
A commentary by a specialist on the use of maternity capital when paying for a mortgage can be seen here.
If an apartment or house with and without a plot (as well as a share in them) is purchased for cash, then the procedure is as follows:
You can also buy an apartment or other real estate for cash using maternity capital at any time after receiving it.
You can move into new housing and formalize the right of ownership only after the full repayment of its cost.
This is not the most common use of capital. however, it has its own legal grounds - if a family can solve its housing problem in this way, the Pension Fund will not have the right to refuse it.
The conditions are as follows:
In this case, in order to obtain permission to the Pension Fund, along with passports and the certificate itself, you must bring the originals of the following documents:
Funds are issued for the construction of a house only in cases where the child is at least 3 years old. The use of money for the purchase of land is not expected - ie. construction should be carried out precisely on the site that is already owned by one of the spouses (or both at once).
For the purposes of individual housing construction, the legislation provides for the construction of a house no higher than 3 floors, inclusive, exclusively for the purpose of living (all-weather). It is unacceptable to build a garage, a bathhouse, workshops, service stations, industrial premises etc.
Reconstruction means:
You can spend maternity capital funds as compensation for the expenses that citizens incurred in connection with the construction own house on your own land, if:
For permission, the Pension Fund is provided with original passports, certificates, as well as the following documents:
Funds as full compensation for expenses are received within 2 months to the provided account, from which they can be legally cashed out.
If the housing is being repaired or work is underway to expand the living space, the same documents are provided, but the procedure for paying money is different:
When reconstructing your own residential building, its area should increase by at least 1 unit of the sanitary standard - 18 m 2. Expansion of living space is possible using a variety of options:
The tuition fee means that maternity capital funds can be spent not only on the education of the child itself, but also on his maintenance during education. The full list of options is as follows:
Each of these cases has its own characteristics.
The only requirement in this case is Kindergarten must be located in the country and have a license that gives him the right to carry out such activities.
To obtain permission from the Pension Fund, you only need to provide an agreement with a kindergarten. Funds will be transferred non-cash directly to this institution. You can use the money to pay for one or more children at once. It does not matter if it is a private kindergarten or a public one. It is also permissible to keep a child in a departmental institution (for example, a kindergarten at the Russian Railways).
Services for which payment is made using family capital means the following:
If the child's leisure services are not organized legal entity, a individual entrepreneur, then it will be impossible to pay them with family capital, since such situations are not provided for by law.
Capital funds can be contributed for the education of not only the eldest, but in general any child in the family (including legally adopted children). For example, you can save all the capital and contribute it to the education of the baby when he grows up. You can spend partly for the education of the elder and leave a share for the education of the younger.
A college, technical school, university (that is, institutions of higher and secondary vocational education) receive funds also non-cash. It is required to provide the originals of the passport, certificate and contract according to which the training takes place on a commercial basis (or provide documents that confirm the need to pay for the hostel for the possibility of training).
With the help of maternity capital, you can pay:
A few points need to be taken into account:
Again, the form of ownership (public or private) does not matter.
From point of view documentation this is the easiest option for how you can spend the money that is due as maternity capital.
To do this, the mother needs to contact the Pension Fund with the original passport and certificate and write an appropriate application for the transfer of a certain amount or all of the money towards her future old-age pension (namely, its funded part). Thanks to this, you can increase your income in old age and receive a kind of compensation for the time spent on maternity leave.
Finally, the last option, which has become possible since 2016, is to use the money to improve the adaptation of a disabled child to life in society, as well as for his medical rehabilitation.
This refers to medical means of rehabilitation (special beds, walkers, crutches, etc.). The exception is those products that can be purchased for free within the framework of state program support for children with disabilities.
It is assumed that the capital compensates for the costs of already purchased goods. relevant receipts, medical documents, the certificate itself and the passport are provided to the Pension Fund. Funds are transferred to the parent's personal bank account.
NOTE. Funds can be directed to any disabled child who lives in the family, while they can be spent immediately, without waiting for the child, for whom the certificate was awarded, to turn 3 years old.
In all other cases that do not apply to those described above, it is impossible to spend maternity capital:
The possibility of a one-time cash payment from family capital is not provided for this year (previously, the amount of 25,000 rubles was paid). This became known on June 1, 2017 from a statement by the Minister of Labor and Social Protection Maxim Topilin.
And finally, some useful video materials on the topic, which briefly describe the considered ways of using family capital funds.
This year, the fate of maternity capital became interested and Russian government and departments under its control. Such close attention may have been caused by a decline in citizens' applications for a certificate for mother capital.
Maternal (family) capital is a measure of state support Russian families in which, from 2007 to 2018 inclusive, a second child was born (adopted) (or a third child or subsequent children, if the right to receive these funds was not issued at the birth (adoption) of the second child). From January 1, 2015, the amount of maternity (family) capital is 453,026 rubles.
Note that in today's realities, 25% of Russian families do not use their right to receive maternity capital, considering the amount provided for by the certificate to be insufficient to improve their lives. During the first half of the year, 352.5 thousand certificates were issued in the country, which is 81 thousand certificates less than the same period in 2016.
However, this year the program has not undergone any significant changes, rather the opposite. The only thing that is known for sure is that maternity capital will be provided to families through December 31, 2018 inclusive. This means that before this time, a second (or subsequent) child should appear in the family.
Among the measures taken is also a reduction in the time for issuing maternity capital from two months to 10 days.
The most important news was the confirmation of the fact of freezing the amount of maternity capital until January 1, 2020, that is, the size of the certificate will not be reviewed for another three years "due to the difficult economic situation in the country and a large budget deficit,” the freeze provision says. Recall that the payment, which is due at the birth or adoption of a second child, is 453.26 thousand rubles.
Another important and unpleasant point was the news about the abolition of a one-time payment from maternity capital in the amount of 25 thousand rubles, which was adopted in 2016 in connection with the aggravated crisis. Note that the amount of maternity capital with the start of the program in 2007 was 250 thousand rubles. Thanks to the annual indexation, its size has risen by 80%. The last indexation was made on January 1, 2015 and amounted to 5.5% (from 429 to 453 thousand rubles).
Maternity capital in 2017 will remain whole and indivisible, since payments monthly benefits will lead, according to officials, to inefficient spending of funds.
So for what purposes can maternity capital be directed in 2017?
You can send a certificate for education from the age of 3 until the child's 25th birthday. Moreover, it is not necessary to wait until the child grows up before entering a higher educational institution, as many people think. At the expense of maternity capital, you can pay for the maintenance of a child in a kindergarten, nursery, children's clubs. Moreover, an institution can be both commercial and municipal, the main thing is that it be located on the territory of Russia and have all licenses to carry out activities.
For maternity capital, you can send a child to study at a music and art school, send them to sports sections, participate in state educational programs with the appropriate accreditation.
Concerning higher education, then the child can not only study for the money of the capital, but also live in a hostel at the university.
Directing maternity capital money for retirement is another option for using maternity capital. A mother or father can transfer the family capital in full or in part to a private pension fund by submitting an appropriate application. A private pension fund is a non-governmental organization that is designed to store pension money, and even increase it. By law, Russians have the right to “pull out” money from the pension fund before retirement, if they suddenly decide to dispose of maternity capital in a different way, for example, spend money on a child’s education or improving housing conditions. If the holder of the certificate waits until retirement, he can receive all the money in full in the format of an “urgent payment”.
Despite the seemingly profitable terms, the first two ways of implementing maternity capital are not particularly popular among Russians. Our fellow citizens do not want to wait for the retirement age or for their child to enter a university, referring to the unstable situation in the country and the inability to predict their distant future. On the other hand, 95% of the owners of the maternity certificate are willing to spend it on improving or purchasing housing.
Since there is not enough capital to purchase at least some square meters, a common way to sell the certificate is to pay off part of the mortgage loan. True, one should be especially careful here, since some credit organizations, when mortgage lending with the use of maternity capital, they overestimate the interest on the loan by 2-3 points. Otherwise, the presence of maternity capital greatly facilitates the issuance of a mortgage loan, moreover, it allows you to use the certificate as a down payment. Another plus of this option for the implementation of mother capital is that you do not need to wait for the child to be three years old.
It often happens that a young family has its own housing, but after the birth of a second child, it becomes necessary to expand housing conditions. For them there are four legal ways: reconstruction of the house with a concomitant increase in the total area; buying a house; home construction; contribution of mother capital funds as a contribution when participating in shared construction.
State aid provided can be used to pay wages work brigade; purchases building materials; other expenses related to construction and repair work.
From January 1, 2016, a mother's certificate can be used for social adaptation and integration into society of children with disabilities. Money can be sent to any child in the family, native or adopted, do not wait three years from the date of birth or adoption of the baby.
Unfortunately, maternity capital for disabled children cannot be used at one's own discretion and based on the individual needs of each child. The text of the law stipulates that the certificate can only be spent on those goods and services for children with disabilities that are specified in a specific list, developed by the Russian government.
In addition, maternity capital funds can only compensate for the costs of goods and services that a parent independently purchased for a disabled child. That is, parents will have to pay for the construction of a ramp at the entrance to the entrance, the purchase of a special bed, means for communication or sports, or purchase other goods or services. And only then wait for the decision of the pension fund to compensate for the costs incurred.
At first, parents of children with special needs were delighted with the new law, but having understood all the subtleties, they realized that many conditions and restrictions simply do not make it possible to use the certificate for good purposes, in particular, for the treatment and adaptation of a sick child. So the bulk of this category of people believes that the law was adopted only formally. “... The law was adopted for show. Absolutely nothing shines for my child ... I hoped that they would be allowed to spend mother's capital on dolphins - alas, oh! It is very pitiful and insulting,” Irina writes, commenting on the law on the profile website.
“I am the father of a disabled child. To increase mobility, the government could allow the purchase of a car with maternity capital - one working in a family will never earn money on a car. Since already domestic cars cost half a million rubles! Not to mention housing that costs 2-3 million! There are not enough quotas for expensive treatment for everyone - and again mother capital cannot be used here, ”writes Ilgiz.
Although, of course, it cannot be said that the law does not work at all. Someone still manages to use the funds of maternity capital for the rehabilitation of a disabled child. For example, the grandmother of a boy diagnosed with cerebral palsy from Rostov-on-Don was lucky. She, having learned that now mother capital is being given out to disabled children, turned to the pension fund to compensate for the funds spent on treadmill. The grandson needs to strengthen his weak legs. The cost of the simulator was compensated, and the grandmother, being the only relative of the baby, received 55 thousand rubles spent.
Maternity capital funds can be difficult to spend on the cherished new housing. There is not enough money to buy an apartment or a house, and a family with two or more children often cannot afford to take out a mortgage.
“I don’t understand at all why the state issued this certificate. What is the use of it if it lies like an ordinary sheet of paper - neither spend it, nothing ... Children cannot even buy anything on it. Houses cost from 600 - 800 thousand rubles. What to buy for 453 thousand, a barn?”, - writes Victoria from Kaliningrad, commenting on the law on maternity capital.
Many mothers, especially single mothers, complain that the law has very strict limits that limit the ability to spend the allocated funds. For example, you can not spend the allocated money on the repair of old, existing housing.
“I am a single mother, my husband is divorced, he does not pay alimony and does not help! We live in wooden house. The floors will soon collapse underground. To make them - no money. Homes are cold in winter. We need to change the windows and insulate the walls. I would, of course, be very glad if they gave mother capital for overhaul of your home," Natalya suggests.
True, there are those who manage to use the funds of maternity capital and invest them in an apartment or housing. Svetlana, a Muscovite, could not attach the money allocated from the state for many years. I was looking for a house closer to Moscow, but still could not find a suitable one. And now, six years later, I still bought it, far from the city, and the condition is not ideal, but still better than nothing. Svetlana already has three children, she is divorced from her husband, she does not receive alimony, her life is difficult, but the house she bought warms hope for a peaceful old age. “In my old age I will go to live there,” the woman dreams.
Irina also always dreamed of living in a private house. But in real life in Tyumen, a woman had no housing at all, and lived with her daughter on rented apartments. And when the second daughter was born, and Irina received a certificate for maternity capital, hope dawned. It was impossible to buy a house at the cost of maternity capital within the city, so the woman decided to look for housing in the villages.
Having traveled all the nearby villages in her region, and even in neighboring ones, Irina felt homesick. The prices for houses there, although they were significantly lower than in Tyumen, still did not allow her to buy a house. The houses for which there was enough money were uninhabitable. A mortgage or any other housing loan was out of the question, since Irina did not have an official job, and her earnings were unstable.
Having traveled through the villages and villages to no avail, the woman left her attempts to buy housing. But then the case turned up. A friend was selling a dorm room.
“I agreed with the hostess that I would pay the missing fifty thousand for the room in installments within six months, and moved to a room with an area of 22 square meters. Of course, this is far from what I dreamed of, but still at least some kind of housing, ”Irina summed up her apartment epic.
Pushing around like this with a certificate, on which there seems to be money, but there is nowhere to attach them, people, more often out of hopelessness, and not for the sake of profit, decide on half measures.
And here intermediaries enter the scene between those who want to cash out maternity capital by acquiring a house and sellers who agree to overestimate the amount of the object being sold in the contract of sale.
An intermediary, most often a realtor acting as a private individual, finds houses or plots of land in remote villages for sale at a very low price. And he agrees with the seller that the contract of sale will indicate an amount equal to the amount of maternity capital. As a result, the pension fund transfers the entire amount of the certificate for the purchase of real estate, but only a part of this money is given to the seller, the holders of the certificate pay a certain amount (from 50 to 80 thousand rubles) to the intermediary, while the rest of the money (most often about 300 thousand rubles) remains in their personal use.
As a result, the family owns both real estate and cash. And any check of the pension fund will confirm that the family has real estate acquired with maternity capital.
From the point of view of the law, everything is more or less smooth, but in reality many difficulties emerge. Firstly, new housing is likely to be located more than one hundred kilometers from the city and actual residence families. Secondly, it will be very problematic to sell such housing, even for little money, because according to the law, not only parents, but also their young children should be the owners of real estate purchased at the expense of maternity capital. Nevertheless, such a scheme for the implementation of maternity capital is common in many regions of the country.
Photo - photobank Lori
In 2007, the state launched a global program to support motherhood and childhood. It was this year that many families received their first maternity capital. Spouses who decide to have a second, third and subsequent children can count on state support in the form of a certain amount of money. Many were interested in questions about when you can use maternity capital, and what you can buy with it. Note that initially the amount was 250 thousand rubles, but every year it grows and is indexed in proportion to inflation.
According to the law, mother capital can receive:
To use it, you must contact the FIU at the place of registration or at the place of actual residence and write an application in the proposed form. Copies of the following documents must be attached to the application:
Important! By law, only copies of the listed documents are attached to the application, the originals must remain with the applicant in his hands.
In the event of the death of parents or the loss of parental rights, maternity capital, the amount of which is indexed every year, can receive minor child or children of the same family in equal shares. Also, the funds can be used by an adult child who is a student and is studying full-time until he reaches 23 years of age.
The application with all attached documents, which was received by the PFR department, is considered within a month from the date of its receipt. Within 5 days after registration of documents, the applicant must receive a notification of the decision (refusal or positive response). Payments of maternity capital are possible only in case of a positive decision. A certificate is issued in the same branch of the FIU. If it is not possible to pick up the document in person, the FIU can send it by mail. If the certificate is lost, a duplicate is issued, you can get it at the same branch of the PFR.
In the event that the applicant is outside the Russian Federation, documents can be sent to the FIU by mail. In this case, only copies certified by a notary are sent. Papers are sent by registered mail with delivery confirmation. The date of acceptance will be the date when the application was registered with the FIU department.
It is not specified when the maternity capital can be used. Therefore, if the child was born or adopted not earlier than the date specified in the law, and the parents or adoptive parents have the right to receive "mother's money", then they can apply at any time.
You can lose the payment of maternity capital in the following cases:
1. Maternity capital has already been used.
2. False information provided.
3. Termination of the law.
The certificate for mother capital is issued not specifically to one child, at whose birth the right to state assistance arose, but to the whole family and children in equal shares. Many, of course, are interested in what can be purchased with maternity capital.
We note right away that the law prohibits the cashing of certificate funds. They can be used to improve the living conditions of the family. It could be:
1. An initial fee when applying for a mortgage loan for the purchase of residential space.
2. Repayment of a previously issued mortgage (or interest on it) for the purchase of an apartment.
3. Repayment of a mortgage loan for individual construction of a house. In this case, it is also possible to compensate for the costs associated with the purchase of building materials. It is allowed to build on your own, without involving contractors, which is many times cheaper.
4. Participate in shared construction of a new apartment building.
The state allows the use of materiel funds to pay for the education of children in institutions that have the right to provide educational services. It can be either a kindergarten or a higher educational institution. To pay for tuition, you must contact the FIU with the appropriate application. It is worth remembering that there should not be any cash transactions, all transfers are made only through the FIU. This is necessary to ensure that the capital funds are used for their intended purpose.
The Maternity Capital program, in addition to all of the above, allows you to direct funds to increase the future pension (funded part) of the mother of the child. To do this, you need to contact the employees of the FIU. When accumulating interest, the applicant has the right to revoke the parent certificate, the amount of which is indicated below, at any time and use the funds provided for by it in any of the above ways.
In this way, cash provided by the certificate can be spent on the purchase of housing or improvement of living conditions, pay for the education of children or increase the funded part of the applicant's pension. The government is considering expanding the use of the funds. For example, to pay for the treatment of children, the purchase of a new car (domestic production) and the education of the mother herself. Some regions of our country additionally allocate funds for regional materiel as a measure to support families. It can be used to buy an apartment / house, improve living conditions, pay for children's education and treatment, and it is also allowed to buy a car or land.
The Maternity Capital program allows you to spend money only after the child reaches the age of three. But there are exceptions when you can use maternity capital earlier. This is buying an apartment or building your own residential building. To do this, you just need to contact the FIU and write an application for the disposal of money. If the family has not spent the funds of the mother's capital before the child reaches the age of 18, then the right to use passes to an adult child, with the birth of which the family was issued a certificate for a measure of state assistance. It should be clarified that the state has not yet provided for a second maternity capital, and you can get it once after the birth of a second or subsequent child in the family (or upon adoption).
In Russia, the number of families receiving maternity capital is growing every year. Its amount was originally 250 thousand rubles in 2007. Every year it is indexed to the level of inflation, the amount is growing. So, in 2015 it amounted to 453,026 rubles, and next year, according to forecasts, 477,942 rubles are expected.
The law stipulates the duration of the program. Time period is limited. It ends at the end of December 2016. But the government is considering issues related to the extension of the law. Perhaps it will be extended until the end of December 2025. But this does not mean that the funds should be used until the end of 2016. If the family has received a certificate, its funds can be spent at any convenient time. For example, if he was born in 2010, his mother can apply to the Pension Fund in ten or fifteen years. Then the amount will already be indexed.
It should be noted that the maternity capital certificate has already been awarded to more than 4 million families. Basically, "mother's money" is directed to the purchase of new housing, improvement of living conditions or individual construction of a house. Also relevant is the option of using the funds of the certificate as the initial amount when applying for a mortgage loan.
The parents of the child, who, within the framework of the temporary state target program, have received the right to maternity capital, are interested in how this money can be spent. There are certain restrictions on the use of endowment funds, for example, a restriction on spending before the child is 3 years old. But there are exceptions. We will talk about everything in order within the framework of this material.
Maternal capital - social material support, which is guaranteed within the framework of the state program. Families who had a child in the period 2017-2018 receive the right to the mother capital. A certificate for assistance can be issued immediately after the appearance of the basis - birth, adoption.
The peculiarity of receiving benefits in the form of mother capital is stipulated in Art. 7, paragraph 6 of the law of federal significance "On additional measures of social security for families with children."
The law stipulates general rules disposal of funds received under state support. They are relevant for most cases. These are the following conditions:
It's important to know! The only opportunity to use maternity capital until the offspring is three years old (until the expiration of three years from the date of adoption) is the fulfillment of obligations under targeted housing loans and hiring. It is also implemented within the framework of collateral mortgage programs.
Financing will not be received by citizens where one of the parents (adoptive parents) does not have citizenship, and also if the baby dies in the birth process.
The deferred use and targeted direction of the benefit is a kind of security measure that the state used in the interests of children. But such guarantees give rise to certain difficulties. For example, a family with several children may need funds at any time. But you can use them after the execution of 3 years of the person at birth (whose adoption they were issued).
The law stipulates all the conditions for the use of mother capital. We note once again that it is allowed to use funds for the needs of any child in the family. Maternity capital should be spent on the implementation of such needs:
On a note! Since 2016, a new clause has been introduced into the bill concerning the interests of children with disabilities. Another purpose of the mother capital is the purchase of goods / services that a disabled person needs for his social adaptation in society.
Legislators are planning to submit amendments to the law for discussion, which will expand the possibilities of using capital. One of the planned target areas is the payment of the cost of IP services. But again, money should be spent in the interests of children, for example, to pay for a nanny, or a baby's stay in a private kindergarten.
The most common challenges faced by parents today are:
If the family began reconstruction, construction of a dwelling ahead of schedule, then you need to save all contracts for repair and construction activities and receipts for building materials. These papers can be attached to the order for spending money. When making payments, confirmed expenses will be taken into account, even if they occurred earlier than the deadline.
Housing is one of the main factors of a normal life. It is this that is the priority direction in the distribution of maternity capital. If we compare the secondary and primary housing market, then a new or under construction object is more trustworthy. Therefore, the state willingly finances purchase and sale transactions with the involvement of credit cooperatives and banking institutions.
Families who intend to have already taken out a loan to purchase a dwelling are entitled to certain benefits. Banks offer them reduced interest rate in exchange for government support. Part of the debt and interest is reimbursed from federal budget.
Banks ready to finance families with children preferential programs can count on partial repayment of the debt by means of the federal budget. Finance is allocated under the state mortgage loan project.
Without waiting for the expiration of 3 years, the family can receive maternity capital if they plan to spend the money on such housing needs:
Attention! The Pension Fund allocates funds to cover the costs of the target loan only. The contract must clearly state that the loan money can be spent on the purchase/construction of a dwelling. Bank customers who do not see the difference between consumer and special-purpose financing may find themselves in a difficult position without state material support.
Situations when a family really draws up a consumer loan to finance construction or directly purchase a home. This need is connected with the fact that the bank does not issue a targeted housing loan due to low level official income. In fact, the client is ready to pay, but cannot prove it, so he receives a loan under more high percent.
Even if applicants have confirmation that the funds have been spent on housing, the state will not finance such a loan at the expense of mother capital. The pension fund that distributes this type of social benefit cannot violate the law by allocating money to pay off a consumer loan. Only targeted residential mortgages are reimbursed.
On a note! There is no instant refund on the basis of a deferred purchase agreement. Even in a situation where the acquired object becomes a pledge, no financing will be received from the PF. Only a target loan (credit) agreement can serve as a basis for allocating financing from mother capital.
The first thing an applicant who wants to receive financing for the purchase of a residential property should do is to contact the PF department. The applicant writes an application for the disposal of funds. Depending on the purpose of obtaining funds (repayment of the principal amount of the loan, repayment of the loan or making the first installment), the list of required documentation also changes.
The list of securities that the PF will require to repay the mortgage on account of the maternity benefit is determined by PP No. 862. This is a regulation on the rules for the distribution of family capital funds in the financing of residential construction / purchase of a real estate object.
The situation in which the applicant has been issued a certificate, and he urgently needs to improve his living conditions, requires separate consideration. If the family does not want to get involved in loans, then you can use the deferred payment, in agreement with the seller.
Attention! Reimbursement of part of the cost of housing at the expense of maternity capital for up to 3 years takes place without obtaining a loan according to the following scheme: the buyer pays the seller the bulk of his own money, and after 3 years (the period for paying social benefits) expires, the pension fund reimburses the rest of the amount. In this case, a contract of sale with a deferred payment is used.
This scheme has the following benefits:
Until the PF transfers the balance of the amount from the mother's capital, the purchased housing will remain the property of the seller. But as soon as the funds are transferred, under the contract, the property is at the disposal of the buyer.
The reader invests in the concept of "cashing out" the concept of issuing money from the PF. Funds can be transferred to a bank account before the expiration of 3 years only in cases stipulated by law, for repayment home loan or mortgages in particular.
The term "cash out" is misleading. The applicant for the payment believes that help can be obtained on hand. In fact, there is no and cannot be any cash that would fall into the applicant's disposal. The law does not allow such a possibility, since there is a clear scheme for the allocation and transfer of such funds.
- Question one: Can the money be used to buy a wheelchair for an older child if the younger child (who was given assistance) is now 2.6 years old?
Answer: You can spend maternity capital funds to buy a stroller for an older child with a disability, the law allows the use of funds in favor of any child. But you can do this no earlier than six months later, at least 3 years must pass from the moment the foundation appears (the birth of a baby).- Question two: If we can confirm that consumer credit issued specifically for the purchase of an apartment, will we be reimbursed in the PF for expenses from maternity capital?
Answer: The Pension Fund cannot violate the law by determining targeted finances for reimbursement of a consumer loan, even if it is issued for the purchase of housing. To reimburse part of the costs at the expense of mother capital, you need to issue targeted loan, the contract must state that the funds are issued for the purchase (construction).- Question three: What is better to get a loan, and then apply for a refund from the mother's capital or ask for financing for a down payment on a loan?
