Statements of the Authorities Consultant for the assembly of the Council of Ministers
The President of the Republic Mr. Nikos Christodoulidis chaired a gathering of the Council of Ministers at present, on the Presidential Palace.
After the assembly, the Authorities Consultant Mr. Konstantinos Letympiotis advised reporters that “the Council of Ministers accepted at present the phrases of the Mortgage Curiosity Subsidy Scheme, the applying and the Information for Finishing the applying.
The phrases of the scheme, the applying and the information might be posted on the web site of the Common Accounting Workplace. Functions might be submitted to KEP and KEPO from 02/01/2025 and for a interval of two months.
The aim of the Plan is to offer monetary help to households which have taken out loans for dwelling possession functions, within the type of an rate of interest subsidy with the last word aim of decreasing the unfavorable results on disposable revenue from the rise in inflation and rates of interest.
a) Beneficiaries
Pure individuals who:
have concluded (signed) a mortgage settlement from 1/1/2022 to 31/12/2023 and primarily based on this a mortgage account has been opened. they’ve serviced mortgage loans, with a variable rate of interest, no matter the kind of base rate of interest, which was not made for reimbursement/restructuring of a earlier mortgage, due to this fact, it covers the acquisition of a principal residence and development of a principal residence, together with a part of the mortgage for the acquisition of the plot, have a complete quantity of borrowing for which an software is submitted which can’t exceed €400,000, the restrict of the Annual Household Revenue doesn’t exceed €50,000 they settled or adjusted their tax money owed to the Division of Taxation regarding as much as the tax yr 2023.
The utmost curiosity subsidy interval is 2 years.
Debtors are backed with 50% of the distinction between the typical complete rate of interest for the reference interval and the whole rate of interest that was in impact on the date the account was issued within the banking system, with a most subsidy of two proportion factors (200 foundation factors) and for a length of two years from the date of 1st disbursement.
Based on the European Fee, the Plan might be applied because it doesn’t include any ingredient of state help.
For the Plan, the mandatory provisions have been made within the finances of the Common Accounting Workplace for the years 2025, 2026 and 2027, for quantities of €12,000,000, €11,000,000 and €10,000,000, respectively.
It’s recalled that the Plan is a part of the packages of measures taken and brought by the Authorities with the goal of supporting households from the consequences of inflationary pressures and accuracy”.
