The new law was passed on July 25, due to the effort of bringing the various parties within the workgroup Mortgage loans for people with disabilities, and that resulted in the presentation of a joint paper.
The new system of granting subsidized housing loans for people with disability brings new access conditions, no longer mandatory to contract insurance and passing all banks to be forced to grant this type of credit.
According to the legislation published today in the Official Gazette, the maximum loan amount is 190 thousand euros, must not exceed 90% of the total value of housing, the cost of maintenance works or upgrading works.
In what concerns the maximum loan term, the new law stipulates that it is 50 years.
This new scheme is intended for acquisition, expansion, construction and / or completion of conservation works, land acquisition and construction of own building for permanent living or carrying out maintenance works or upgrading common parts of buildings.
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