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Secure credit 2 percent. Situation on the real estate market. Alina Muzioł-Węcławowicz comments

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The very word “safe” is also a slight abuse – Alina Muzioł-Węcławowicz, an expert on housing and housing policy, assessed the Safe Credit 2 percent program in “Fakty po Faktach”. – I would include it in pre-election games – she added.

From July 3, six banks can apply for a subsidized loan under the new program. The Act on State Aid in Saving for Housing Purposes, which introduces i.a. “safe credit” with state subsidies to installments and a housing account with the possibility of obtaining a housing bonus from the state budget entered into force on 1 July this year. These products are offered by banks that have concluded an appropriate agreement with Bank Gospodarstwa Krajowego and introduced them to their offer.

The guest of the “Fakty po Faktach” program was Dr Alina Muzioł-Węcławowicz, housing and housing policy expert.

– The very word safe is also a slight abuse, because no one knows the fate even during the first ten years of the loan’s operation. Different things can happen. Long-term loans, as a rule, are simply not safe. It is a catchy name – she assessed during the conversation.

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Expert: This is not a prospective housing standard for a young family

She explained that “the interest rate is 2 percent plus the bank’s margin.” – We expect it to be over 3 percent at present. Poles like to receive various kinds of souvenirs. And such a bonus is certainly very attractive to those who qualify, she noted.

In her opinion, “this is an attractive proposition.”

– Because in today’s difficult conditions on the classic mortgage market, it significantly increases the creditworthiness of people with a given income. Very significantly, because it roughly halves the monthly loan repayments. So that’s a nice bonus. The problem is how many of us qualify for it and who should be helped by the state the most in meeting their housing needs.

A new housing program as an element of the election game

She explained that now there is no maximum price limit in the program.

– But the limit of the loan amount and the limit own contribution means that today in Warsaw a single would be able to buy 47 square meters, and two people plus a child – 54 square meters. Let’s face it, 54 square meters is not a prospective housing standard for a young family, she noted.

She added that the Safe Loan 2 percent program has recently appeared in the government offer. – I would include it in pre-election games. It is certainly not included in the government document called the National Housing Programme. All politicians very easily come to this information that Poles love housing ownership – she noted.

Housing prices up: both banks and developers have raised prices

Alina Muzioł-Węcławowicz stressed that the state should help those who really cannot afford basic housing needs.

– That is, people with low, very low and medium incomes. Such Poles are the vast majority, she noted.

She added that “the primary duty of the state is to provide sufficient financial resources for the implementation of these social, social housing programs.”

– As taxpayers, we really don’t have to contribute to expanding the personal assets of Mr. Kowalski or Mr. Iksiński. In general, we observe an increase in prices in Poland for two reasons. The mere announcement of this program in April or May resulted in an increase in prices. Later, those who knew that they would not make it, because they knew that they would not get a loan, went to the market. Both banks and developers raised prices, she said.

New housing program

The Act on State Aid in Saving for Housing Purposes, which introduces i.a. “safe credit” with state subsidies to installments and a housing account with the possibility of obtaining a housing bonus from the state budget entered into force on 1 July this year. These products are offered by banks that have concluded an appropriate agreement with Bank Gospodarstwa Krajowego and introduced them to their offer. The housing account will be offered to customers of eg Pekao from July 10, and it will be introduced in PKO BP by December.

“Safe credit” with a periodic fixed interest rate can enlist a person up to 45 years of age; if the loan is granted to both persons running the household, the age requirement must be met by at least one of them. The loan may be granted for the first apartment – the borrower’s household members must not have, on the date of granting the loan or in the past: an apartment, a house or a cooperative right to a flat or a house.

The amount of the “secure loan” cannot exceed 500,000. PLN or – if the borrower runs a household together with his spouse or has at least one child – PLN 600,000. zloty. The own contribution may amount to a maximum of PLN 200,000. zloty. In the absence of own contribution or incomplete contribution, you can use the guarantee of Bank Gospodarstwa Krajowego.

The installments are subsidized for 10 years, and the loan is repaid in the form of fixed capital installments (decreasing capital and interest installments). During the period of application of subsidies, the loan interest rate, according to the explanations on the website of the Ministry of Development and Technology, will amount to 2 percent for the borrower. plus a margin, commission and other bank charges (if any).

Housing accounts

A housing account can be set up by persons who are at least 13 years old and not more than 45 years old. Regular payments (at least 11 payments per year in the amount of at least PLN 500) will guarantee an additional housing bonus from the state budget. The bonus will be equal to the annual index inflation or the index of change in the value of the price of 1 square meter of usable floor space of a residential building; each year, an indicator more favorable for the saver will be selected. Savings will additionally bear interest in accordance with the bank’s offer, with the interest being exempt from the so-called beam tax.

Read also: A new government program could push house prices up

Main photo source: TVN24



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