Strict terms for mortgage tranche subsidy

The bridge program for the protection of borrowers' main residences that the Finance Ministry is preparing will strictly concern a period of nine months and only the mortgage debtors proven to have been hurt by the pandemic's financial crisis.

The state program will concern the subsidizing of mortgage repayment tranches when it comes to borrowers who have lost their job or part of their salary or have endured a revenue loss if they have a small enterprise.

The subsidy will be granted only if the debtors have their dues arranged, but will not come with long-term protection of their main residence, as is currently the case with those who choose to arrange their debts via the online platform at the Special Secretariat for Private Debt, per Law 4605.

The number of those affected by the Covid-19 financial crisis theoretically comes to 1.7 million, based on the tax...