The launched program «My New Home» for middle-income households allows you to purchase housing with a preferential interest rate of 0.69% per month. However, potential buyers are warned: do not try to negotiate with the seller and underestimate the cost of housing according to documents in order to reduce payments. In case of detection of the fact of forgery of figures, a fine awaits both sides: both the buyer and the seller. And rather big.
Recall that housing transactions within the framework of this preferential campaign will be carried out through state banks; loans will be issued by them. So, banks will especially carefully double-check both the submitted declarations and the actual cost of the purchased housing.
And if forgery of figures is suddenly discovered, then, firstly, the amount allocated by the state as a subsidy for the first three years of payments will have to be returned. Secondly, both the buyer and the seller company will be subject to an administrative fine of up to 5% of the housing loan they used. That is, if the buyer takes a preferential loan of 2 million TL, then he will have to pay 100,000 TL. The seller – and it can be not only an individual, but also a contractor - will be charged much more: for example, if a house worth 3 million TL was sold for 2 million TL (according to papers, in collusion with the buyer), then the fine will be half a million TL.
Moreover, sanctions will be imposed on the appraisal company, which either directly participated in the fact that the incorrect price appeared in the documents, or simply turned a blind eye to it: the fine for them will be at least 10% of the real sale price of a real estate unit.
Recall: the authorities promised assistance to citizens who used housing loans from state banks as part of this campaign – partial compensation for payments for the first three years: that is, if the mortgage loan contribution is more than 30% of household income, the treasury will pay the difference. Housing loans are provided with a maturity of 15 years.
It is also possible to save on taxes.