New instructions from the Inland Revenue arrive to obtain the first home bonus under 36, introduced by the Sostegni bis Decree. But also pay attention to the proliferation of scams. Here’s what to watch out for, with the help of ProiezionidiBorsa’s Savings Editor.
News from the Revenue Agency
The 100% mortgage benefit is up to young people under 36 and a value ISEE not exceeding 40,000 euros who buy a house between May 26, 2021 and June 30, 2022. In circular letter no. 12 / E of 2021, the Agency specifies better the personal data requirement, which limits the application of the concession to purchasers. In the calendar year in which the translation deed is stipulated, the buyer must not have completed the thirty-sixth year of age. This condition concerns the year in which the deed is stipulated. Therefore, the facility is not granted even if the 36th year of age is reached after the deed.
Beware, someone tries scams by taking advantage of the under 36 mortgages that the state offers to young people
But now let’s talk about the scam that unfortunately circulates widely. With the guarantee of the state, a young person can apply for a mortgage to cover 100% of the value of the house to be purchased. There is no aid to cover the other costs (taxes, notary fees, agency commission). We must therefore give up or it is better to seek help on how to buy a house in the suburbs perfect for the under 36 mortgage? The young penniless buyer is sometimes offered a system that is as widespread as it is illegal.
Here comes the fake credit broker
Beware, someone tries scams by taking advantage of the under 36 mortgages that the state offers to young people. In the desperate search for financing to support the ancillary costs, the young buyer often runs into someone who pretends to be a ‘credit broker’. This professional exists and searches for the best mortgage on the market for the client. But in this case the problem is another, a loan is needed to meet these expenses. A sum that banks usually don’t finance. The fake credit broker therefore proposes an apparently practicable method. A method that, for the uninitiated, configures for everyone, namely seller, buyer and agency, the crime of aggravated fraud, forgery and money laundering. With this system, more money is tapped from the state. If everyone did that, there would be a lot less money for everyone who needs it. In addition to the fact that market prices have inexplicably flown upwards.
The double proposal system
Basically, the buyer is pushed to agree with the seller to make two proposals for the same property. For example, a 100 thousand euro for the cottage in a small village. When the seller accepts, a compromise is found. The buyer signs a new proposal for 120 thousand euros and proposes to the seller to make a move that does not change anything for him. He will receive a cashier’s check for 120 thousand euros and will be asked to return the extra money to the deed in cash, which is used for all expenses: agency fees, registration fees, taxes on an inflated real estate price. Once the money is received, the buyer pays the notary the fee. Which, however, remains unaware of everything.
–
