Mortgage Aid Deadline Cancelled In Hungary

  • 28 May 2013 9:00 AM
Mortgage Aid Deadline Cancelled In Hungary
The May 31 deadline for joining the government’s fixed-rate mortgage scheme was lifted by Parliament on Monday. In the relevant committee, the representative of the government disagreed with the idea of leaving the scheme open indefinitely and suggested a new deadline of July 1, 2017.

The Ft 20 million ceiling for eligible loans was removed for families with three or more children.

The head of the financial supervisory reported on May 9 that only a third of the 450,000 eligible borrowers had signed up for the programme in its two years of existence.

Source: Hungary Around the Clock

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