Applications can now be submitted to financial institutions.
Source: Freepik
Author: Redaction
It is already possible to deliver applications for the interest subsidy on residential credit,
and the respective banks and creditors began last Tuesday to receive
these requests, according to the Ministry of Finance. This is a measure
contemplated in the "More Housing" Program, which aims to protect
families through support that intends to mitigate the effects of interest rate rises. It acts retroactively as it takes effect from 1 January 2023 as explained by Fernando Medina:
"notwithstanding the date of application, the first payment of the
bonus shall be retroactive to the months of 2023 in which the
eligibility requirements are met".
All families who have housing credits up to 250 thousand euros, concluded until the 15th pack of 2023 and, to be eligible, their
effort rate must be equal to or greater than 35% of their annual income
and belong, can apply for support, at most, the sixth tier of the IRS. Being eligible, they can thus make the request from their bank, through the "channels that they make available for that purpose" and, after that request, the bank or the creditor institution has ten working days to submit a response. If the conditions for acceptance are not met, banks must "expressly state" the reasons for this.
Interest Subsidy: how does it work?
This
support can reach up to € 720.60 for each credit agreement and the
subsidy goes up to 75% of the value of the provision of the property,
despite being dependent on the income of the household, working with a
75% bonus for families up to the fourth tier of the IRS and a 50% bonus
for those that fall in the fifth and sixth income bracket.
If your application is accepted, regardless of the date on which the application was made,
the first payment of the bonus will be awarded with retroactive to January, for credit agreements
"for acquisition, construction or works in own and permanent housing
that have been contracted at a variable rate or that, having been
contracted with a mixed rate, are in the variable rate period". The
support will run until the end of the year, however, there is the
possibility, according to the Government, of an extension if interest
rates do not reverse their upward trend.
If
you need a practical guide to calculating the support you may be
entitled to, read More Housing Program: find out how much you can save
on your provision and continue to keep abreast of all the news related
to Housing, through SUPERCASA Notícias.
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