According to plans known only from market rumors for the time being, the state is seriously reshaping home savings. What will this mean for users?
The support is getting together
According to long-circulated professional rumors, published by penzcentrum.hu – but not yet officially confirmed – there are two steps planned for LTP.
- State aid may be reduced to 20% from the current 30% .
- However, the maximum subsidy paid would increase from 72,000 to 100,000 forints a year, so more could be paid.
All this means that HUF 41,600 could be invested in LTP on a monthly basis, but the state would add only 20% instead of 30%. That is, the aid would not be so significant, but a more substantial amount could be raised here. Specifically, state aid will be 33 percent lower than at present.
If this happens, the LTP will lose its extremely high EBKM (United Nations Deposit Rate). The return that this form of investment is risk-free, the leading in the market – is right now. This form of housing subsidy is unique at European level, with a contribution of 30 percent, which will now fall to the average if the subsidy falls to 20 percent.
It is also worth signing up for the current format
The higher deposit that the new form allows from now on, if the changes take place, can result in a higher total amount.
The change may also aim to be ‘more viable’ and to better match the target price to the current price level. At the moment, with a 4-year maturity it is possible to save HUF 1.3 million, which does not cover any major renovation.
If you want to enter into an LTP contract with your current terms, you should do so, because if you really change the terms of your home savings, the state will add less, even though we can pay more.