My House II

People who are between 25 and 50 years old are eligible to apply for the “My House II” programme. This program comes from the Recovery and Resilience Fund (RDF) and subsidizes 50% of the loan at zero interest rate.

The maximum loan amount is set at 190.000,00€. The loan covers 90% of the value of the property and the remaining 10% is paid by  the buyer.

The duration of the loan can be from 3 to 30 years. In case the buyer wishes to proceed to early repayment, he can do so without any additional charge.

The property can be up to 150 sq.m. and the value of the property cannot exceed 250.000,00€, while the age of the property must be up to 31/12/2007.

Income criteria:

The minimum income is 10.000,00€.

The maximum income is defined as:

• Unmarried / divorced or parties to a dissolved cohabitation agreement without children: 20.000,00€.

• Married or cohabiting couples: 28.000,00€ (+4.000,00€ / for each child).

• Single parent families / divorced or dissolved partnerships with children: 31.000,00€ (+5.000,00€ / for each child, beyond the first).

The income taken into account is that of the last tax year.

If the income exceeds the ceiling, the average of the last three tax years is taken into account.

In case of purchase of a property with the My House II program, the leasing of the property in question is prohibited for the first 7 years from the date of signing of the Final Recipient’s Loan Agreement. In cases such as finding a job or  service change in a different regional unit from that of the property / permanent move abroad, then leasing before the expiry of 7 years can be justified.

For further information:

Phone service: 6983444800

e-mail:  info@relliarealestate.gr