Skopje, 6th November 2014 (MIA) – Interest in the “Buy a House Buy a Flat” Project significantly increased following the Fair for this Project, which was held in the period 24th October – 28th October. As Ministry of Finance informed, citizens show interest in the procedure for applying for this subsidy on daily basis. They explain that the procedure for submitting application is simple, and it includes three steps.
– We can explain the procedure for submitting application for the “Buy a House Buy a Flat” Project, in three steps and if you are well informed, you will realize it is a very simple procedure. First step is finding a flat or house or a lot for house. The second step is addressing one of the 8 banks participating in the Project and submit the required documents, while the third step belongs to the Ministry of Finance, that being the reaching of decision for approving the subsidy, after which the applicant signs loan agreement with the respective bank, Ivana Bilbilovska, Spokesperson of the Ministry of Finance, said.
As for the first step, Bilbilovska explains that the requirement is for the flat or the house to be a new building and for the price not to exceed EUR 900 per square meter. Person submitting application for the “Buy a House Buy a Flat” Project should conclude Preliminary Agreement with the contractor or if he/she builds a house, he/she should provide construction and technical documentation.
– The second step is for the citizen to address one of the eight banks, included in the “Buy a House Buy a Flat” Project, i.e. Stopanska banka – Skopje, Stopanska banka – Bitola, Ohridska banka, Alfa, TTK, NLB Tutunska, Sparkase and Prokredit banka. Together with the Preliminary Agreement for a flat or a house, the persons should submit to the bank his/her ID, full-time employment certificate, certificate for the last six paid salaries and statement, verified by notary public, that during the first five years of the repayment period, they will neither sell the flat or the house, nor rent or put them under second mortgage. Bank gathers these documents from the applicant and confirms whether he/she is eligible for obtaining the loan, and afterwards it forwards the respective documents to the Ministry of Finance, Bilbilovska said.
Third step is reaching decision by the Ministry of Finance. After receiving the documents from the Bank, the Ministry’s Commission examines them and reaches decision. Commission informs the Bank that it approved the subsidy, after which the Bank concludes Loan Agreement with the credit applicant. The Commission within the Ministry of Finance meets at least once in 45 days, and, if necessary, more than once.
– If you do not have your own home or the home in which you live has become too small for your family and you want to buy a bigger one and if you plan to take a housing loan, than “Buy a House Buy a Flat” Project, is really a good chance therefore. Funds granted by the Ministry of Finance are in a form of a subsidies that may reach up to EUR 14,000, and the interest rate is really low and amounts to 3.95% in the first three years and 4.44% in the fourth and fifth year for the model: 50/50 installment when buying a flat or subsidizing 75% of the installment when buying/constructing a house, or fixed during the repayment period, accounting for 4.5% plus 6-month EURIBOR, for the model: equal (50%/50%) participation when buying a flat or subsidizing 75% of the participation when buying/constructing a house, Spokesperson of the Ministry of Finance Ivana Bilbilovska, said.
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