The new extraordinary regime of support for families for rent and installment payments and credit agreement, known as ‘More Housing’, was published in the official newspaper this Wednesday and will come into force on Thursday.
The measures are intended to help families with more financial difficulties cope with the rise in interest rates on variable-rate housing loans indexed to Euribor, in addition to measures to support rents.
“The government, aware of the current geopolitical and geoeconomic context, which has resulted in the highest inflation in recent years and, consequently, the cost of living, is adopting a new set of faster measures aimed at tackling of the mentioned economic consequences. with direct consequences for household income and access to housing”justifies the government in the diploma.
In this regard, the new system stipulates that tenants with a taxable income of up to 38,632 euros (6th IRS scale) and an effort percentage equal to or greater than 35% are now entitled to a monthly support of up to 200 euros, paid by the day 20 of each month, retroactive to 1 January and valid for five years, until the end of 2028.
With regard to credit, the executive explains that the measures are intended to “reduce the risk of default” due to the impact of the rise of reference indices in credit contracts, namely on the basis of the degree of effort, where the regime was established that was published this Wednesday a set of procedures for monitoring, evaluating and, under certain conditions, for submitting client proposals.
In this framework, support is created for borrowers of credit contracts for the acquisition or construction of permanent housing, in the form of a temporary interest rate subsidy when the index exceeds a certain threshold.
Finally, the regime stipulates that, if the credit agreement is intended for the acquisition or construction of a permanent home, the bank must allow the consumer to choose a variable, fixed or mixed interest rate modality.
“These measures, with the concrete objective of protecting families and increasing their disposable income, deepen the national objective of ensuring decent housing for all”argues the executive.
The President of the Republic, Marcelo Rebelo de Sousa, who proclaimed this diploma on Tuesday, the day before, during a visit to the CMTV facilities, defended that the government’s housing package, in global terms, “as it is understood, so at departure , it does not work either at the point of departure or at the point of arrival”.
Marcelo Rebelo de Sousa equated the package of measures announced by the government with the “so-called poster laws”, which “seem to proclaim certain more pamphleteous programmatic principles, but they are not exactly intended to be put into practice, no, it is that poster laws remain”.
Source: DN
