Home ownership savings plan offers a building society
Who wants to build homes as a company founder , who should think about building societies.
When building savings by using an appropriate Mortgages and a building society in the back, is an important and essential issue for companies and entrepreneurs.
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Building savings through proper building society funding
Useful information on savings plans
Savings plans are offered by specific building societies. These are subject to the Building Societies Act . Very generally it can be said that the customer sets the building society with a contract amount . Half of the contract amount from the customer to save himself and the other half he receives from the building society as Loan. The loan is in most cases tied residential , which means it is for the Housing finance . shall The loan is secured grundschuldrechtlich with larger sums of money as subordinated security. Who on the construction of a house or buying a condominium does not want to decide without full consultation, may relate to this Page about its possibilities.
The customer gets the entire term of the savings contract, a guarantee of the interest. This means that both the credit and the interest rate (nominal ) interest rate on loans is established from the outset. The customer thus has the highest predictability. The building societies to offer different rates , which have different interest rates are based. The customer purchases a savings agreement with the conclusion a legal claim on the loan. The loan may be denied by the building society only for important reasons ( for example, in several Direct Debit ). The legal right is transferable and inheritable. The savings agreement is divided into different phases. Three phases can be distinguished. First, the contract is in the (buying ) savings phase in which ansparts the customer contracts . In the allocation phase is decided whether the customer is assigned the loan. Furthermore , the customer can decide whether to accept the allocation, or waived on the loan and takes back a loyalty bonus. If the loan is paid, the contract is in the loan period. The loans taken here is eradicated .
When building savings , there is usually loud Building Societies Act , a final fee. This is seen as a penalty for interest rates. Even with this sales charge , which amounts to about 1-2 % of the contract amount , the cost of the loan are much cheaper than a conventional bank financing.
State funding for building savings
Building savings is funded by the state. Thus, a building loan contract for the plant will bespart of capital formation . If necessary . These services are also encouraged by the employee savings bonus . For this purpose, however, income limits to be observed. In singles , the limit is 17,900 EUR for married 35,800 EUR (both the taxable income). A maximum of 470 EUR VL (per person) sponsored annually by 9 %. Likewise own deposits are state-supported. Here, too, income limits apply . In singles , the limit is 25,600 EUR for married 51,200 EUR (both the taxable income). The payments will be funded annually at 8.8 %. It is important to note that a maximum of 512 to EUR (funded per person). This possibility of support may already completed from 16 Year of life are perceived. Since 2008, building savings and retirement is encouraged . The appropriate term is' living Riester . As before, it is possible to let the savings contributions and the contributions of the loan repayment promote the state. Colloquial is also of " Riester - capable " spoken. The eligibility requirements are similar to those of traditional Riester products. Since the payoffs of the Riester pension is taxable as property , is furnished with use of the subsidized loan, a shadow tax account to the condition of deferred taxation to fulfill. This means that taxes must be paid at retirement , even though the assets may not be opposed . The credit is , however, in the -occupied property.
Should the loan not been claimed or was not supported , only the balance amount (which may be paid as a pension will be taxed) . The justification for the eligibility of home savings contracts specified that the own -occupied property will be seen as a form of old age and thus eligible. The process of building societies in residential Riester is different. There are several vendors, where you can use all the state funding in a contract. Other suppliers , however demanding the conclusion of a second contract , if all the state funding will be used. These reasons for so doing so is a clear separation in the case of taxation guaranteed.
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