Of Chrysostom Chufi

102.184 applications in 20 days
5.109 Applications per day
212 applications per hour
3.5 applications per minute
1 application per 17 seconds

Applications for my home 2 “run with broken brakes” from January 15 when the platform opened.

The volume of eligibility applications is so unexpectedly large that from 102,184 applications that have been made in total, only 65,233 have been processed, less than 2/3. Currently they are waiting for the platform to tell them whether or not they can participate in the program nearly 37,000 people (36,951).

And because of this volume of applications, there are also… .Pronts as it went back to the upgrade program that was to start last month with learning that finally its premiere will take place by 10 February.

Of the 65,233 applications processed by the platform, 47,238 (approximately 72%) have been accepted, the applicants have received the green light to make an appointment with the bank with the goal of the program is to help 20,000 households acquire the first residence their. It is estimated, however, that those who arrive at the bank’s counter only 1 out of 10 has already found a home. On the contrary, 17,905 applications (about 18%) were found not to meet the criteria set.

Compared to the first version of my house 1, the big change in criteria is to enlarge the age limits. The new limits are about 25 to 50 years of age (or one of the couple members up to 50 years of age) who have no other home that could meet their mortgage needs.

Fatal, since the targeting is now in couples who are deeply in their professional career, who may have older children, they also change the income criteria:

  • The maximum annual income for the unmarried is increased from € 16,000 to € 20,000. There is also a minimum income of € 10,000 to ensure that the beneficiaries will be able to repay their loan
  • A corresponding increase in € 28,000 will be for the couple’s income, from € 24,000 in the first phase, which will increase 4,000 €/child from 3,000 €/child of the first program
  • The income criterion for single parent families has been set at € 31,000 which is increased 5,000 €/child

In terms of loans:

A lending is provided for a commercial purchase of up to € 250,000 to be used exclusively for the first home.

Loans will be able to cover 90% of the value of the property with a maximum of € 190,000 and a repayment duration of 3 to 30 years. That is, it must have the remaining 10% in equity.

The buildings covered will have a surface of up to 150sq.m. (without calculating parking and warehouses) construction by 2007.

The interest rate will be 0 for 50% of the loan and for the remaining 50%, according to Mrs Zacharakis, it is just below 2%. The loan is 75% for three -year -olds and multiple parents, for the disabled and for parents of two children in the municipalities of D. Orestiada, Soufli and Didimoticho in the prefecture of Evros.

To secure the loan, the property obtained as a percentage that will not exceed 120% of the loan amount is obtained as a loan. The loan is not allowed to provide a personal warranty of a third party.

The loans will be provided without the application of the levy of Law 128/75, which is currently 0.12%

The beneficiaries of the program are charged with the costs of legal and technical inspection of the property, as well as the costs related to the registration of weight on the acquired property.

In accordance with the terms of the program. The property acquired cannot be rented for the first 7 years of the signing of the loan agreement. Violation of the term is also a reason for the termination of the contract.