On the table is a ready-made project of the PiS government to extend the loan holidays until 2024, from which borrowers would gain up to PLN 8 billion. However, the new government will not support this, it will present its own idea – writes Tuesday’s “Rzeczpospolita”.
“Although interest rates in Poland have recently dropped by 1 point to 5.75 percent, experts believe that the costs of servicing housing loans remain high enough that borrower support programs should be continued. Especially for people who took out their loans in the 2020s. –2021, and for which the installments are still approximately twice as high, despite the rate reduction,” notes Jarosław Sadowski, chief analyst at Expander Advisors. “In such cases, servicing liabilities constitutes a much greater burden on the household budget than in the period when they decided to take out a loan,” we read in the Tuesday edition of “Rzeczpospolita”.
As an expert quoted by the newspaper says, “not enough time has passed for their situation on the labor market and their financial situation to improve enough for them to +grow+ out of their debts.” “The most difficult and important period in repaying loans is the first three to five years. If someone manages to get through this period, the risk of losing the ability to repay the debt and losing the house decreases significantly,” he says.
“The continuation of assistance for borrowers in 2024 has its justification,” says Bartosz Turek, chief analyst at HREIT. As he points out, there may now be up to half as many people as before the interest rate increases who must allocate 50% of their loan for installments. their monthly income or more,” says “Rz”.-
The newspaper also draws attention to politicians’ declarations in this area: “Politicians also see the need to support Poles in repaying mortgages in the period of increased interest rates, but the post-election changing of the guard makes it impossible to determine what this support will look like. The PiS government has already put its proposal into table, as promised, he submitted to the Sejm an appropriate bill extending the credit holidays until 2024. – we read. “On Monday, this project did not have a so-called form number, but taking into account the declarations of the new Speaker of the Sejm, Szymon Hołownia, on the liquidation of the so-called parliamentary freezer, it is very likely that the MPs will soon consider this project. However, the Civic Coalition will not support the project by PiS, but will submit its own proposal,” announces “Rzeczpospolita”. The newspaper quotes the statement of KO politician Andrzej Domański, who, as noted, is “typed as the future Minister of Finance.” “This is PiS’s bill, not ours. We are in talks with the coalition partners and the most needy people will certainly not go without help. The scale of needs is smaller than in 2022, when inflation was high,” says Domański, quoted by “Rz”. .
“Domański did not say when the coalition partners’ talks would take place and how the threshold of the most needy people would be determined. Talks are ahead of us,” said the KO MP. Borrowers can only wait for the final decisions of the new government. However, it appears that access to credit holidays may be limited. The question is how much in view of the proposals of the PiS government,” adds “Rzeczpospolita”. (PAP)