The Housing Fund announced the special “Hercules” Plan to assist these households that are facing financial difficulties in repaying their loan, today as part of its efforts to facilitate households with non-performing housing.
According to an announcement by OHS, the Plan covers mortgages that meet the following criteria:
The house that was financed to be, for the last three years, the main residence of the borrowers, the loan to be granted until March 31, 2013 and finally on December 31, 2020, the loan to have a balance of over € 50 thousand and to have arrears beyond 360 days.
The Agency states that the facility concerns the write-off of an amount corresponding to a percentage of the interest charged on the loan from the date of its granting until 31 December 2020.
The write-off rate varies depending on the balance of the loan on December 31, 2020 and the choice of borrowers between full repayment or sustainable restructuring of the loan, according to the table below:
Balance on 31/12/2020
For a loan amount greater than € 200,000 the write-off rate for full repayment is 40% and the write-off rate for sustainable settlement is 25%.
For a loan amount from € 150.00 – € 200,000 the write-off rate for full repayment amounts to 35% and the write-off rate for sustainable settlement at 20%.
For a loan amount from € 100,000 – € 200,000 the write-off rate for full repayment is 30% and the write-off rate for sustainable regulation at 15%.
For a loan amount from € 50,000 – € 100,000 the write-off rate for full repayment amounts to 20% and the write-off rate for sustainable regulation to 5%.
In addition, the OHSB states that eligible borrowers will be invited to express their interest within a specified timeframe by a letter sent to them by the Agency together with the relevant Expression of Interest Form.
He notes that borrowers who meet the criteria and wish to express interest, can access the Expression of Interest Form, which is posted on the Website of the Organization along with more details in relation to the Special Plan “HERACLES”.
Finally, the Housing Financing Organization clarifies that the “HERACLES” Plan does not cover mortgages with State funds as well as mortgages that have been included or meet the criteria of another Borrower Facility Plan of the Organization or the State.
Philenews / ΚΥΠΕ