The regulation regarding the New Housing Financing Program for middle-income people became law and entered into force. Within the scope of the program, contributions, money to be given to banks and penalty provisions were included in the law.
WRONG STATEMENT WILL BE IMPLEMENTED BY BUYING OR SELLING A HOME
In case it is determined that the real persons who will benefit from the contributions make false or misleading statements; The contributions made will be withdrawn and an administrative fine of 5 percent of the used financing amount will be applied.
If it is determined that they have made false or misleading statements to the contractors, an administrative fine of 25 percent of the declared sale price of the house subject to financing will be imposed.
CANNOT EXCEED 220 BILLION LIRA
Cash resources will be transferred to the relevant banks through a public bank to be determined by the President. The total principal amount of the housing finance, which can be contributed within a year, will not exceed 220 billion liras.
CREDIT WILL BE GIVEN TO UNSALE RESIDENCES
Contributions will be made to those who will buy houses from projects that have not yet started or are under construction, with houses that have not been sold before and are in the property of contractors. In terms of housing projects that have not yet started or are under construction, the financing to be provided for the houses whose ownership will be transferred to the contractors will also be evaluated within this scope. Real estate developers and owners of land shares in the vicinity of the construction contract in return for the land share will also be considered as contractors.
SUPPORT WILL BE PROVIDED FOR THE FIRST 3 YEARS
The amount of the financing installment amount exceeding 30 percent of the household income of the real person in the first three years will be transferred as a contribution from the appropriation scheme to be put into the budget of the Ministry of Treasury and Finance for this purpose. The President will be authorized to set the 30 percent rate between 30 percent and 50 percent and to reduce the 3-year period to one year.
5 PERCENT CONTRIBUTION WILL BE DEPOSED TO THE BANK
The 5 percent contribution fee over the housing sales price will be collected from the contractor’s account or the financing amount and transferred to the temporary accounts in the banks that provide the financing. These amounts will be used in the payments of financing installments up to one year. Within the framework of the procedures and principles to be determined by the President; Some or all of this amount can be deducted in advance from the financing principal, and the one-year period can be extended up to three years. The collected amount cannot be claimed back by the contractors in any way.
CANNOT BE SOLD DURING 5 YEARS
The acquired immovables cannot be transferred or assigned, and cannot be subject to a promise to sell, except in cases of unregistered acquisition, for a period of 5 years from the date of financing, upon the request of the bank providing the financing.
In case of initiation of enforcement proceedings due to the default of the debtor, the failure to be subject to the transfer, assignment and sale promise will be canceled upon the request of the bank providing the financing.
punishment IT WILL INCREASE 10 TIMES
To be provided Financing In the event that the valuation report prepared for the subject house is false or untrue, the amount of administrative fine to be imposed according to the Capital Markets Law will be applied to the real estate appraiser or real estate appraisal company that prepared the report, by increasing it 10 times. This amount cannot be less than ten percent of the sale price of the house subject to financing.
Within the framework of the documents submitted from the determination of the right ownership of the contribution to be transferred and the correct and complete calculation of the contribution Housing The bank providing the financing will be responsible.