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Age extension of public guarantee is being studied

23 MAI 2024
Themen
Imóveis Bancos Comprar Casa em Portugal Governo Prestação da Casa Crédito Habitação Jovens
Access to the public guarantee for the purchase of the first house can be extended, but the deadlines for implementing the measure are not yet known.
Age extension of public guarantee is being studied
Source: Freepik
Author: Redaction

The Secretary of State for Housing, Patrícia Gonçalves Costa, admitted this Tuesday, May 21, that a possible extension to the public guarantee for the financing of the purchase of the first house is being studied, which currently limits beneficiaries to 35 years of age.

The public guarantee, a measure contemplated in the new housing strategy of the Government led by Luís Montenegro, only covers the value of the entrance, and can include not only young people up to 35 years, but others of older age, as indicated by the Executive.

The Minister of Infrastructure and Housing, Miguel Pinto Luz, had already clarified last Friday that the public guarantee will only serve for bank financing of the amount not covered by the loan, about 10% of the amount required by banks as borrower equity.

The deadlines for the implementation of the measure have not yet been set, although a 15-day deadline is initially indicated, but it is now known that this month will not possibly come into force.

Themen
Imóveis Bancos Comprar Casa em Portugal Governo Prestação da Casa Crédito Habitação Jovens
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