You will need
- -birth certificates of all children
- -certificate of marriage
- -the certificate on the parent capital
- -credit agreement
- -Bank certificate stating the amount of the debt
- -certificate of ownership of the apartment
- -documents of title to the apartment
- -notarial confirmation that children are among the owners of housing
To use the maternity capital for the purchase of the apartment, you need to apply to the pension Fund and to submit a list of documents. After reviewing your application and documents by the specialists of the pension Fund will inform, when will be transferred funds from the maternal capital for repayment of the rent.
Cash will not be issued. They will be transferred to the credit of the organization in which you made a purchase of the apartment.
In line with this, the apartment can be purchased only on credit or to take the target credit on the remaining amount of money.
Maternal capital to repay part of the loan or the balance that was issued to purchase housing.
Theoretically, the maternity capital can be used for a down payment when buying apartments, but in practice to do this is problematic. The fact that the use of funds for the purchase of housing must be presented to the pension Fund of credit documents, documents of title to the apartment and a certificate of ownership. If these documents are not available to pay for the apartment by means of the parent capital impossible.
Therefore, the most optimal variant of purchase of apartment is to extinguish the parent capital existing mortgage or get a mortgage, to pay the first installment from their own funds or from employment, to execute documents on apartment and to provide them to the pension Fund.
You must remember that not all banks are willing to work with the parent capital therefore, selecting the Bank to get the mortgage interest on the possibility of calculation of funds on account.
Where to spend the parent capital? The sum of the parent capital will be given only to the child reaches 3 years of age. The maternity capital can be used for the following purposes
The use of the parent capital. You can spend the maternity capital, not earlier than three years after the birth (or adoption) of a child, who gave You the right to maternity capital. If it is not (or he, too, is deprived of parental rights), the means of family capital is divided equally among the minor children. Until the children are 18 years of age, these funds can be used by the Trustee, but only with the permission of the guardianship.