The New Housing Finance Program (My New Home Campaign) was shared with the public on January 4 with the launch program organized jointly by the Ministry of Treasury and Finance and the Ministry of Environment, Urbanism and Climate Change.
It was published in the Official Gazette
In this context, banks had started to receive preliminary applications as of January 16 within the scope of the New Housing Financing Program. The Law on the Amendment of the Law on the Regulation of Public Finance and Debt Management related to the New Housing Finance Program was published in the Official Gazette on January 28 and entered into force.
The decision of the President, in which the procedures and principles for the implementation of the program were determined, was also published in today's Official Gazette. Starting today, within the framework of these rules, banks will be able to perform credit transactions for the applications they evaluate.
In the arrangement, as explained earlier, who may benefit from contributions that can be provided for housing the housing finance and flexible payment application, the conditions to benefit from the contributions of housing finance, the treasury contribution to be applied in the utilization of the maturity, interest and dividend rates, housing and maximum financing amount, the payment plan clarified many issues, such as applications.
Citizens who are evaluated by banks that have sufficient paying power for housing finance and request contributions will be able to benefit from the program.
Natural persons of the Republic of Turkey aged 18 and older will be able to benefit from the contributions and flexible payment application within the scope of the Program, in which Istanbul is defined as the 1st region, Ankara, Izmir, Bursa, Antalya, Mersin and Muğla are defined as the 2nd region, and the provinces other than pays as the 3rd region.
Paying attention to the contributions and flexible payment application within the scope of this decision, the persons applying for housing finance will have to have sufficient solvency within the scope of banking legislation and practice practices, this evaluation will be made by the banks.
Payers who own a housing deed for themselves, their spouse or children under the age of 18 will not be able to benefit from the contributions or flexible payment application within the scope of this decision, while those who own any real estate other than housing, such as land, shops, will be able to benefit from the application.
Take advantage of flexible payment plans, and contributions to the program, applicants for the housing financing of the application (including this date) last 1 year for at least 270 days in the country will need to be paid social security contributions.
Within the scope of this decision, the maximum net household incomes of people who will apply to banks to benefit from housing finance contributions were determined as 80 thousand liras per month for the first region, 65 thousand liras for the second region and 45 thousand liras for the third region. For the maximum net household income, the region where the housing / housing project is located will be based.
The funds will be used with a maximum maturity of 15 years
The financing within the scope of the decision will be used with a maximum maturity of 15 years, and in the flexible payment application, the maturity will be determined by the agreement of the bank paying the financing and the applicant, not exceeding 15 years.
Pay equal monthly contribution for the financing of the Treasury provided a plan for 15 years to be implemented, in this context, interest/dividend ratios 0,69 per cent financing for up to 2 million TL, 2-4 million financing for the amount between £ 0.79 per cent, to between £ 4-5 million financing will be for the amount of 0,99 per cent.
The house value and the sales amount of the house reported in the valuation to be carried out by real estate appraisers will not exceed 9 million liras for the first region, 5 million liras for the second region and 3 million liras for the third region. The maximum financing amounts to be used within the scope of this decision will be 5 million lira for the first region, 3 million lira for the second region, 2 million lira for the third region, not to exceed 90 percent of the housing value reported in the valuation to be made by real estate appraisers.
Housing finance that has not been sold before and is owned by contractors, as well as housing finance that will be provided to housing projects that have not yet been started or are under construction, will be evaluated within the scope of the Program. In addition, real estate developers and land share owners will be accepted as contractors within the framework of the construction contract in exchange for share within the scope of the Program.
Information will be available from the banks participating in the program regarding other conditions within the scope of the program.
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