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“The low birth rates, the emigration of young people abroad, the migration to the big cities of the country are the daily routine of the regions. We believe that the amendments to the law will create clearer and more favorable conditions for young families to receive an economic incentive to buy their first home in the regions, thus contributing to the recovery of the regions ”, says Monika Navickienė, Minister of Social Security. and Labor.
Shortened term, improved conditions
According to the current procedure, if a young family has paid a mortgage for the first home to the lender within 10 years from the date of conclusion of the loan agreement and wants to sell the home, they must repay the state subsidy received for the first living place.
In order to make it easier for families to change their place of residence to adapt to the changing needs of the labor market and other living conditions, this period is reduced from 10 to 5 years, that is, if a family has lived in a dwelling for at least five years it gives credit and sells it, state subsidies.
The bill also proposes to expand the list of cases in which the subsidy should not be repaid and further stipulate that the subsidy should not be repaid if within five years a legal usable area is rented per family member, or if there is people in the family who need more space, for example due to an increase in the family or improved conditions for the disabled.
It is also proposed to complement the provisions of the Law and establish that in cases where the home is sold in the form of foreclosure or in the event of the bankruptcy of a natural person, the requirement to return the subsidy received does not apply. In this way, the State contribution would alleviate the situation of economically disadvantaged families and prevent it from deteriorating further.
Conditions for issuing certificates are improved
According to the current procedure, the certificate issued by the municipality on the right to an economic incentive for the purchase of the first home is valid until December 31 of the current year at the latest. Practice shows that families who receive such a certificate at the end of the year do not have to complete all the paperwork to buy a home and receive a financial incentive, or impose additional administrative burdens on families to keep up with lending institutions during the year. validity of the certificate.
It is proposed to abandon the provision that the certificate is valid until December 31 of the current year and establish a uniform period of validity of 15 calendar days. This would guarantee the principle of equality for all families, regardless of the date of issuance of the certificate.
Prevent abuse
It is proposed that in cases where the dwelling is acquired from a legal entity, if a young family member or his close relative is the only participant in that legal entity, the young family would not be entitled to a state financial incentive for the homebuying.
This would prevent abuses where the benefits of the financial incentive are primarily for the close relatives of the young family, who are the only participants in the legal entity from which the home is purchased.
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