BUSINESS

Notaries to cut ‘First Home’ programme fees by another 15pc

Notaries public will take before the minister of justice a proposal for a further 15 per cent cut of fees they charge for concluding sales and purchase agreements and for authenticating mortgage agreements within the ‘First Home’ government programme, after a 30 per cent cut operated last year, Mediafax informs. They did not indicate officially the exact value of the contemplated reduction, but trade sources have said that notaries would propose to the minister of justice a 15 per cent cut for the ‘First Home’ programme and a 30 per cent cut of fees for other documents and notarizing procedures.


In its ‘First Home’ programme, the state secures mortgage loans up to EUR 60,000 for existing buildings or buildings that are under construction and EUR 70,000 for homes off-plan. Buyers organised as associations who wish to build their own homes will receive a EUR 75,000 guarantee for new properties.


‘First Home’ loan interest rates are made up of the 3-month EURIBOR rate plus a maximum of 4 per cent per annum – for EUR, and 3-month ROBOR rate plus a maximum of 2.5 per cent per annum. The margin includes all fees and commissions charged by the lender.

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