Next year's changes for First Home scheme

The First Home scheme might undergo significant changes next year when the guarantee provided by the state could go down and the maximum amount that clients borrow could be raised, banking sources say, which means banks will take some of the risks taken by the state in full so far.

Bankers and Finance Ministry are currently discussing the expansion of client eligibility and even the destination of the money, to the end of increasing financing on a market that is not showing signs of a rebound. Banks are willing to take risks to offset the collapse of demand for loans, given that the state continues to keep a significant safety net in place.
The value of the state guarantees for First Home loans amounted to 1.24 billion euros at the beginning of last month, with the number of beneficiaries reaching about 30,000 people.