1st September 2023

The State Guarantee: a helping hand for young people

If you have just finished your studies or started your professional life, you are probably not thinking about saving money. And even less about saving to buy a property. Your own apartment… that’s a lot of money and still seems a distant dream, right? OK, but what if we told you that you can get started right away? Here’s how!

The dream of your own home becomes a reality

To get a mortgage from the bank, you need to have a base capital. However, if you do not have one, the State can be the guarantor of your loan. This way, you can still achieve your dream of your own apartment! To qualify for the State guarantee you need to fulfil certain conditions, as for instance:

  • Not be the owner of another property
  • Have held a savings account with the same bank for at least 3 years
  • Prove an increase of at least EUR 1.000 per year in the balance of this savings account for at least 3 years prior to the application

Regular savings are an asset, not a sacrifice. Saving will not prevent you from financing your studies, trips with friends or other pleasures in life, savings may also open doors for the future.

Hassle-free saving

However, during those 3 years you may face an unexpected expense and need to withdraw money from your savings account to pay for it. By doing so, you may jeopardize your base capital and thus, the possibility to obtain your State Guarantee!

The best solution in this case is to take out a BHW housing savings scheme with your bank. The money saved will be frozen until maturity and you will have nothing to worry about!

It's never too early to make a dream come true! So what are you waiting for? Start financing your future home right now! Spuerkeess advisors will answer all your questions and help you manage your future as a homeowner.

By taking out a BHW housing savings scheme contract, you will have access to:

  • Savings interest rate guaranteed
  • Option on an attractive fixed rate loan
  • Fast access to your home loan without minimum savings
  • Choice of repayment instalments and the interest rate - debit
  • State subsidies possible

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