János Bóka: Buying a Home Could Cost up to 16 Million Forints More Due to the Cancellation of the Otthon Start Program
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6 Articles
Termination of the Home Start program: families could pay up to 16 million forints more
According to Fidesz, the Tisza government is canceling the Home Start Program "in accordance with the Brussels recommendation." According to the opposition party's calculations, a 50 million ...
Péter Magyar and the others are abolishing the Home Start Program in accordance with the Brussels recommendations. Young families will only be able to take out a 5 percent loan to buy a used apartment in the future instead of a 3 percent loan – Fidesz wrote in its statement on Wednesday. They emphasize that this will mean a huge difference in the repayment installments. For this reason, for example, in the case of a 25-year, 50 million-euro loan…
Fidesz reacted to the elimination of Otthon Start, saying that Tisza made this decision "in accordance with the recommendations from Brussels" - The opposition party believes that huge sums will be missing from families' coffers.
The amount lost due to higher installments will be missing from the coffers of Hungarian families. The post According to Fidesz, the dismantling of the Otthon Start program is unjustified and inexplicable first appeared on 24.hu.
János Bóka criticized the changes in the conditions for purchasing a home and the elimination of assistance for public servants. The politician used two examples to illustrate the financial difference the new rules on home loans could make to the affected households.
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