MORTGAGE LENDING AS A DEFIBLIATOR OF THE ECONOMY OF UKRAINE

The article deals with the current state and features of the development of mortgage lending in Ukraine, its influence on stimulating the construction market. The ratio of mortgage to gross domestic product in the section of countries is given and the advantages and disadvantages of mortgage lending in the primary and secondary real estate market are analyzed. The factors influencing the formation of the average interest rate on mortgage loans are outlined, namely: a stable economic situation in the country, low NBU accounting rate, high level of solvency of the population, protecting the rights of creditors and transparent conditions for mortgage legislation, but the article determines that none of the above conditions are not provided in Ukraine properly. The retrospective programs are considered and analyzed by state programs for the liberation of mortgage lending in Ukraine in terms of normative and legal support and conditions of their implementation and revealed that despite the considerable number of preferential conditions and preferences proposed by the state and preferences, funding for their implementation is not provided for by the state budget. It has been established that the terms of lending to various banks within the framework of the implementation of the program «Available Mortgage 7%» program and their real credit products are different from the conditions declared by the state and the Fund for Entrepreneurship Development. It has been established that the movement in support of population with a reduced mortgage rate under 7% per annum is true and will have demand among the population, but there are certain doubts about the real functioning of these programs, as the implementation of the initiative of the direction depends on state funding. It is summarized that the state program «Available Mortgage 7%» will not lead to a sharp increase in loans issued, but even a small amount of additional funding will unequivocally revitalize the construction market. It was found that the problem of mortgage lending is not in a percentage rate, and banks are in no hurry to increase their loan portfolios due to high reserves of the National Bank of Ukraine and a constant growth of capital requirements, and lenders continue to have weak protection at the legislative level.