The programme «Home My 2» for subsidised low-interest housing loans it is finally terminated on 2 June, without a new programme, Deputy Minister of National Economy Nikos Papathanasis announced. Beneficiaries are persons of 25-50 years old with no other property, with an income of up to 25,000€ for singles and 35,000€ for married men. The project offers an interest-free loan for 50% of the Recovery Fund, with a maximum funding of 190,000€ and cover up to 90% of the property value up to 250,000€. Eligible are building properties until 31/12/2007 with Building Electronic Identity.
Analyticalally:
By Vangelis Durakis
Cheap Housing loans Finally: Definitive past will be the program Home My 2 and consequently those who wish to obtain subsidised low interest loans for the purchase of housing should be quick to apply until 2 June. From that date on, the programme is discontinued and, as the Deputy Minister for Economic Affairs so-called Nikos Papathanasis There will be no new program My Home.
So those who want to secure subsidised loans before the deadline expires should know that beneficiaries are those natural persons who complete the application on 31 December of the year, 25 years at least and 50 years at the latest.
Interest rate premium and loan amount
Or spouses or persons associated with a partnership agreement if one (1) of the two (2) completes on 31 December the year of submission of the application, the 25 years minimum and 50 years maximum, where do not have another property suitable for residence; and meet the income criteria the programme.
Loans are interest-free for 50% of the amount relating to Recovering Fund lending resources, while the remaining 50% are related to bank funds it is available at the rate at which each credit institution participates in the Programme.
Maximum height financing shapes in EUR 190 000, with up to 90% of the notional value of the property, which cannot exceed EUR 250,000.
For specific categories of beneficiaries, the interest rate on the loan for the part financed by the Bank will be subsidised by 50% for the entire duration of the loan.
The specific categories of beneficiaries (with interest subsidy) are:
- Three-and-a-half families.
- Families with at least two children who acquire a home in the municipalities of Orestiada, Didymotichos or Souflio, N. Evros.
The characteristics of the properties included in the programme
Real estate eligible for the programme must have the following characteristics:
- They exist legally.
- They have an electronic building ID.
- They will be used as first residence and are not in unfinished condition.
- Construction until 31/12/2007. By way of exception, the property acquired by beneficiaries who are disabled persons (SMEs) with at least 67%, or have dependent children with a disability rate of at least 67%, as confirmed by the data provided by the Centre for the Certification of Disabled Persons (SMEs) or, where appropriate, by a Health Committee for the Certification/Assistment of Disability or another competent authority, may be on a building or a building, which has been constructed by 31/12/2020.
- Commercial value up to EUR 250,000.
- They are a single self-contained horizontal property or house.
- Surface up to 150 sq.m., except Annexes – Monitoring.
In addition, for properties included in the programme, the lease for the first 7 years after acquisition, and in the event of infringement the contract may be terminated.
Loan repayment term: 3 to 30 years
Step – step the process of participation in the program
But what step is the process of participation in the programme?
- Application: The parties concerned shall submit an application to the cooperating credit institution of their choice with the necessary supporting documents, including confirmation Eligibility which they can issue through a special platform on gov.gr. It is noted that this eligibility certificate does not replace the eligibility check, in which the Credit Foundation must carry out in any case.
- Pre-approval: The bank shall examine the application within 30 days and issue a pre-approval valid for at least 60 days.
- Notification of property to the credit institution: the person concerned shall inform the credit institution of the requested amount of loan, on the basis of the property he intends to purchase and the agreed purchase price and shall provide the Building (HTC) Electronic Identity and the other documents required for eligibility control.
- Introduction to the programme: The bank shall have a period of 30 days to check the eligibility of the property, to send the data to EBA and to inform the applicant of its inclusion in the programme. The registration authorisation shall be valid for 150 days from its notification to the applicant.
- Legal and technical control: The property is checked.
- Final contract and loan contract: The beneficiary shall sign the final purchase contract and loan contract with the credit institution. Where, at the expiry of the authorisation, the beneficiary has signed the final contract but the loan agreement has not yet been concluded, such subscription shall be extended for 30 days, after prior notification by EBA, under the responsibility of the credit institution.
The process of assessing applications is based on the time-priority of submission, while real security on the property is obtained to ensure the loan.
Income criteria
But what are the Income Criteria?
The minimum income threshold It is set at EUR 10,000 for unmarried, married or part of a symbiotic pact, as well as for single-parent families.
However, the maximum income limit on the basis of the last tax year or average of the last three years is increased to:
- 25,000 euros (from 20,000 euros) for singles.
- 35,000 euros (from 28,000 euros) for married or part of a symbiosis pact. This amount is increased by EUR 5,000 per child (as against EUR 4,000 per child).
- 39,000 euros (from 31,000 euros) for single-parent families. With the increase of EUR 5,000 per child, beyond the first, remaining stable.
For the minimum income threshold of EUR 10,000 account shall be taken of all annual taxable income - actual or presumed - regardless of the source of origin and their registration code in Declaration Income Tax Natural persons in the last tax year, more than income, also in the last tax year relating exclusively to pensions and welfare benefits of their dependent children.
The maximum per case income threshold, in the annual taxable income -real or hypothetical - irrespective of category and its registration code in Declaration Income Tax Natural persons of the last tax year, that income, which is cumulatively exempt from the income tax of Law 4172/2013, is not included in the current framework for the year 2024, for receiving the heating allowance.
Source: skai.gr
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