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Latvia to lift 10 percent requirement
RIGA - Latvia will soon abolish a requirement that potential homeowners have to put a 10 percent down payment in order to purchase property, Bank of Latvia President Ilmars Rimsevics said on April 9. “I believe that the first payment has lost its meaning in lending, and it is a matter of time before the first payment requirement is lifted,” Rimsevics told reporters after meeting with Prime Minister Ivars Godmanis. He said the requirement would likely be lifted in the nearest months. The measu ...| The article you requested can be accessed only by subscribing to the online version of The Baltic Times. If you are already subscribed to The Baltic Times, please log on using the form on the top of the page. If you don't have a membership yet - please subscribe. |
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