Apartment for Young (MdM) is implemented by the government since the beginning of 2014. By the end of February 2015. Thereunder has been granted more than 16 000 loans totaling more than 372 million zł. This represents only 30% of the funds allocated to the program in 2014 MdM. Therefore, the government decided to make a change and increase the availability of housing and help families with many children.
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What conditions change?
The amount of the grant. The most important issue, that is, the amount of financing their own contribution, to the delight of the young people, will go up. The current threshold is 10% for a family with two children and 15% for raising three or more children. When changes are made, these values will increase by 15% and 30%. Keep in mind that large families (with at least three children) can also count on increased funding related to their life situation.
Creditworthiness. The government has decided to change the rules for the calculation of credit worthiness of the proposed acquirer owned housing. In the current records indicate that the despite receiving funds from MdM, and problems with obtaining credit, to the credit agreement may proceed only with the immediate family, ie. With parents, siblings, stepmother, stepfather or mother in law. The draft amendment for the abolition of the list of “additional borrowers”. This means that the purchaser of the apartment, will be able to support any chosen by the people, and not just the immediate family. These rules apply only if the borrower does not have sufficient creditworthiness.
The area of the property. MdM current rules of the program include the payment for an apartment with an area of not more than 50 m2 (no more than yardage purchased apartments). The Government is to increase the size of housing financed up to 65 m2 for families with at least three children. Therefore, increase the amount of funding as much as 30%.
Early repayment. The changes provide for penalties for those who opt for early repayment of the loan. This applies to repay the entire amount or a part thereof, in excess of the amount of support received from MdM. If during the period of five years from the date of acquisition of the property the borrower settles its obligations, will have to give up a portion of the funding. This method is designed to exclude people who decided to take advantage of the program just to get funding. Much faster repayment implies that the funding was not the person needed because it has its own means.
The real estate market. Current rules do not allow the program MdM buy the flat, coming from the secondary market. In this respect, little has changed since the government did not accept the initiative NBP also included funding to housing use. But obtained permission to the buyer, using subsidies, they could buy an apartment from a cooperative or as a result of conversion or adaptation.
Age. The current rules for the allocation of funds for the purchase of an apartment stipulate that the maximum age of the applicant for aid may not exceed 35 years. In the case of marriages determined by age younger spouse. After the changes, the government plans to introduce the abandonment of age limits, parents of at least three children on the date of application for a grant.
Having their own homes. In the case of families with three or more children, the government plans to set aside another program currently in force MdM condition. Intends to waive the requirement for applicants possess their own property. This change means that even possession of the apartment by many children do not strike it out funding possibilities. It may have its own home, but try to acquire a larger locale, in order to improve the quality of life for the whole family.
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When can we expect changes?
The entry into force of the new version of the bill, for a program for Young Living is likely to take place until the second half of 2015. So if we have a plan to buy their own real estate, it is still the pause. The new regulations will be much more favorable than the current. In addition to the increased amount of the grant, the applicant may rely on other profitable changes. Specific allowances are waiting families with many children, parents of at least three children. Let us hope that all of the above modifications will have their place in the apartment for the Young and the government will not be long waited with their implementation.
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