According to the Law, there are also some interesting tax breaks. For example, if you are the owner of a home for which you have benefited from the benefits related to the purchase of the first home, you can buy a new home, still enjoying those benefits, provided that within a year of purchase you are able to sell the old house.
The first home subsidies, for the uninitiated, are really very advantageous. In fact you will be entitled to a registration tax with a rate of 2%, mortgage and land registry tax in the fixed amount of 50 dollars each, substitute tax of 0.25% on the mortgage and VAT at 4% in the case of purchases from construction companies.
Before this stability law, in order to take advantage of the first home facilities it was mandatory to sell the old property before completing the new purchase. Whoever wants to move house, in most cases is forced to sell the house first and then, once the necessary liquidity is obtained, pay off the loan and give the down payment for a new building. All this without obviously considering the time of sale and purchase, which often do not coincide and complicate things a lot.
The Privacy Screens Corlette obviously has several advantages, the first of all, it is precisely that of being able to buy a new home without having sold the current home. This possibility plays in favor of all those who do not want to miss the chance to buy the house of their dreams, even without the one they are selling.
This advantage has a repercussion on all the various home purchase transactions, or rather to reduce the time between sales and acquisitions, which in your case may not coincide because you want to avoid spending a period of time between the sale and purchase of a new home.
Another advantage of Privacy Screens Corlette is that this mortgage guarantees up to 100% of the real estate value, for amounts that must not exceed $ 300,000. If you are paying a mortgage on the house you live in and you want to change, can you still take advantage of the Mutual Home Change solution? Absolutely yes. In fact you can always decide, if the conditions of your old mortgage are convenient, to leave them unchanged and continue to pay by replacing the building as a guarantee.
The bank in this case offers an exchange, so it will not give you a sum of money, but will allow you to replace the building on which the mortgage is registered with the new house you will buy.