Even greater opportunities to take advantage of state support for purchasing housing

On 8 October 2008, new requirements adopted by the Government of the Republic of Lithuania regarding the receipt of state-supported housing loans came into force. Persons (families) whose net annual income and assets for one year before the year of granting the support are less than:

 

in the case of an individual (without family) – 27,500 litas of income (before the amendment – 25,000) and 40,300 litas of assets (before the amendment – 31,000),

net annual income of a family of two or three people – 38,500 litas (before the change – 35,000) and assets – 81,900 litas (before the change – 63,000),

net annual income of a family of four and five people – 46,200 litas (before the change – 42,000) and assets – 109,200 litas (before the change – 84,000),

For families of six or more people, the net annual income per person is 7,920 litas (before the change – 7,200) and assets are 26,000 litas (before the change – 20,000).

 

The amounts of state-supported housing loans have also been increased. They are now as follows:

 

* 180 thousand litas or equivalent in another currency – for a person without a family (before the change – 120,000);

* 300 thousand litas or equivalent in another currency – for a family of two or more people (before the change – 240,000);

* 120 thousand litas or equivalent in another currency – for housing reconstruction (before replacement – 120,000).

 

If you insure your state-supported housing loan with UAB “Būsto paskolų draudimas”, the housing loan insurance premium will cost you half as much, i.e. 50% of the insurance premium will be paid for you by state funds.

 

To receive state support, contact your municipality.

 

Sincerely

Zygmantas Katinas

Head of Marketing Department

UAB “Housing Loan Insurance”

Phone: (8 5) 262 2878

Fax: (8 685) 22 717

Mobile (8 646) 99 999

Ulonu St. 5, LT-08240 Vilnius

Email [email protected]