Home loan application season has started!

Nearly two-thirds of them are used to buying a second-hand home, while around 30% of those who claim to buy or buy a new home would receive support.

According to a statement from the Savings Bank, in the first quarter of 2016, three times as many mortgages were disbursed, and by mid-April, the savings companies had accepted nearly 1,400 chocolate claims compared to the same period last year.

The Family Home Creation Discount (CSOK) is increasing week by week, along with the number of related home loan applications, so demand for mortgages is rising.

The unprecedented revival of the real estate market for many years is also reflected in the growing number of residential housing projects for sale.

Slightly more than 30 percent applied for a home loan, and only 5 percent asked for help with expansion and modernization.
A total of 10 percent of the applicants have opted for the 10 + 10 million interest-subsidized loan, of which at least three have more than a quarter children.

Banks expect growth

As of the second half of the year, the number of CSOK applications may be multiplied, which is confirmed by the fact that part of the condominium projects will be completed in parallel with the start of the planned private construction projects, the Savings Bank said.

There is also a significant demand for home loans among non-eligible clients of CSOK. In the first quarter of 2016, nearly three times more mortgages were disbursed than a year earlier, and interest rates have increased from week to week.

More and more people are starting to build

More and more people are starting to build

In addition to the general public, there is also strong interest from builders, which has also tripled the number of on-going residential construction deals since January.

Most of the condominium construction projects are concentrated in Budapest and the agglomeration, as well as in the big cities in the countryside. While projects range in size from four-to-five condominium developments to more than one hundred flats.

Borrowing for a home and would like to negotiate with the banks

Borrowing for a home and would like to negotiate with the banks

If you are thinking of borrowing for a home and would like to negotiate with the banks as an equal partner and do not want to fail with the repayment agent, get help from your Good Finance credit broker! We’re on your side!
Our staff will find the construction that best fits your purpose, be it CSOK 10 + 10, supported home loan, LTP or even NOK.