Mortgage and young people: from rates to the state guarantee: how the loan for under 36 works

Mortgage and young people: from rates to the state guarantee: how the loan for under 36 works
Mortgage and young people: from rates to the state guarantee: how the loan for under 36 works

The guide on newsstands Monday 27 September

For the State and for the tax authorities, young people are up to 36 years old. This is in fact the age limit to be able to access the facilities provided for the purchase and financing of the house in the Sostegni bis decree (dl 73/2021, converted into law 106/2021). The new rules provide for tax exemption for the purchase of the first non-luxury home if you buy from private individuals and the possibility of transforming VAT into a tax credit if you buy from a business. But the most interesting aspect concerns mortgages. In fact, the greatest obstacle to buying a house is often the impossibility or almost the impossibility of obtaining the mortgage if you do not have the resources to pay a substantial advance to the seller. Here the truly decisive legislative intervention: for taxpayers and homes that meet the requirements it will be possible not only to have another tax exemption, that from the substitute tax (0.25% of the amount borrowed) but also to access an enhanced version of the first home mortgage guarantee fund managed by Consap (the public concessionaire for insurance services) as long as a loan of between 80 and 100% of the value of the property given as guarantee is requested. In the event of default by the borrower, the fund guarantees 80% of the residual debt. But why was it thought to favor these particular mortgages? On Monday 27 September at newsstands, free with Corriere della Sera, you will find a handy guide on mortgages for young people, ready to answer any question. In the meantime, let’s see to deepen the main points and what you need to know about mortgages.

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Mortgage young people rates state guarantee loan works

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