Owner-occupied housing legislation

ASP scheme

The ASP savings and subsidy scheme is designed for first-time homebuyers aged 15–39. The scheme includes tax-exempt interest and bonus interest on deposits saved for the purpose of purchasing a home, along with interest subsidies paid for the housing loan.

  • Act on Bonus for Home Savers 1634/1992 (Finlex)
  • Government Decree on Bonus for Home Savers 1636/1992 (Finlex, in Finnish)
  • Act on Interest Subsidy for Loans Granted for Home Purchase 639/1982 (Finlex)
  • Government Decree on Interest Subsidy for Loans Granted for Home Purchase 672/1982 (Finlex, in Finnish)

Guarantees

A state guarantee may be issued for a loan granted for the purpose of purchasing an owner-occupied apartment or building a single-family house. The bank issues the guarantee in connection with the decision to grant the housing loan, and the guarantee is subject to a guarantee fee. The guarantee premium is not charged, however, if interest subsidy is paid on the loan.

  • Act on State Guarantees for Owner-Occupied Housing Loans 204/1996 (Finlex)

The state can issue a guarantee for a loan taken out by a limited liability housing company for the purpose of renovating a building. The housing company must have sufficient means to pay back the guarantee, and the guarantee is subject to a guarantee fee.

  • Act on State Guarantees for Renovation Loans Granted to Limited Liability Housing Companies 941/2014 (Finlex, in Finnish)

Subsidies are no longer granted under the following Acts, but the Acts are still applied to subsidies previously granted under them.

  • Act on Interest Subsidy for Housing Company Loans 205/1996 (Finlex)
  • Act on Interest Subsidy for Owner-Occupied Housing Loans 1204/1993 (Finlex)
  • Government Decree on Approving Interest Subsidy Loans for Owner-Occupied Housing 729/2006 (Finlex, in Finnish)

 

Published 2013-03-20 at 14:03, updated 2019-07-29 at 16:34