Mortgages for young people buying a flat

Many young people want to become independent. Entering adulthood means moving out and finding your own flat or house. Some want to own the premises they live in. Part of an estate agency's mission is to educate the public about the property market, so we have reviewed the mortgage offers for young people buying a flat.

The "Mieszkania dla Młodych" (Flats for the Young) programme

This government programme was introduced in 2014. Its purpose is to help young people acquire their first flat, or even a single-family house. The rules for granting funds from the Subsidy Fund concerning the rental of property have been set out in detail. The act also sets out the conditions for refunding part of renovation costs (VAT) from the state budget. A request for a subsidy towards buying a flat can be submitted together with the mortgage application. Financial support from the MdM programme is not available if we do not take out a mortgage. The Mieszkania dla Młodych programme is open to married couples and single people up to 35 years of age who do not own another flat or house. The maximum purchase price of a flat that will be subsidised is set separately for the secondary and primary markets. The subsidy can range from 10% to 30%, depending on the criteria met.

• 10% – for applicants with no children
• 15% – the subsidy for those raising one child
• 20% – for beneficiaries with two children
• 30% of costs will be subsidised where the family has three or more children.

If you want to take part in the Mieszkania dla Młodych programme, you will find the form on the programme's website.

READ ALSO – WHAT ARE THE CONSEQUENCES OF NOT REPAYING A MORTGAGE?

A favourable mortgage

Every company dealing in mortgages offers different terms. Ask an agent at an estate agency about mortgage offers. REMAX Gold has worked with its partners for many years and can offer interested clients very attractive terms on mortgages for young people buying a flat. If you are planning to buy a property, ask about the details. We guarantee quick mortgage approval, good terms and security.