The new measure is aimed at young people up to 35 years old and will ensure 15% of the purchase value of the house, up to 450,000 euros. Understand it better and find out when it takes effect.
The details of the new public guarantee measure for up to 15% of the housing loan value for young people up to 35 years old are still being clarified by the Government. Understand how it will work in case of default.
The measure that will allow young people to access 100% financing (public state guarantee) when buying a house has now been published in the Diário da República, so it must come into force in the next 60 days, that is, by September 10 at the latest. Understand more next.
Young people can now apply to access 100% financing when buying a home with a mortgage, through the new public guarantee measure.
The public guarantee for home purchase aimed at young people will not be able to cover a couple of two young people, if one is over 35 years old.
The new measure of support for young people will make it easier to purchase property with credit for those who do not have savings for a down payment, but will increase the monthly payments and, consequently, the burden rate of borrowers.
Access by young people to state guarantees in housing credit has faced significant challenges, with the main obstacle being the high level of effort required to benefit from this support.
The public guarantee offered by the State in housing credit is directly related to the amount financed by the bank.
This couple bought their new home without the need for a large initial investment, saving thousands of euros on the down payment.
Home loans for young people up to 35 years old with public guarantee have a maximum term for financing with the same rules as conventional home loans.
Do the measures remain or are they suspended? Clarify your doubts here.
If you are young and looking for a house to buy or rent, the Government has created a program "Build Portugal" that will facilitate access to housing for young people. Learn about the measures involved.
ComparaJá has partnered with two banks and a real estate consultant to discuss the new measures to support housing credit for young people, and clarify some of the doubts that have arisen.
A new measure was presented as the "largest ever investment in public housing", allowing the creation of more than 33,000 homes.
Want to buy a property and don't know the steps to move forward with the process? We explain, in this article, three phases you should follow before buying a house, and how credit intermediaries can help.