Specifically, there are banks and financial institutions that send customers without a hesitation who want to apply for a home loan with another credit institution besides Family Home Discount. That is to say, pick up your support wherever your credit is.
Despite the statutory requirement, banks believe that their own internal regulations may override the law and, based on their risk assessment, may decide otherwise than required by law.
What is the reason that this statutory principle does not work in practice?
The Family Home Discount was issued on 256/2011. (XII. 6.) .
However, the fact that this cooperation between banks does not become reality may be due to the following reasons:
Both the home loan and the Family Home Discount can be disbursed according to the bank’s regulations if the client has used all other sources (self-sufficiency) other than those provided by the bank.
Thus, for example, if a customer applies for a home loan at Bank A and Family Home Discount at Bank B, then the two banks may be tempted to disburse sooner after using their own resources.
Because banks are paying off their Family Home Discount or home loan last in order to reduce their risk, according to their own rules, this is almost impossible to do due to the waiting time of the two different banks.
What are the benefits of having both Family Home Discount and home loan from the same bank?
Banks dealing with Family Home Discount disbursements may charge 1.5% of the grant, up to a maximum of 30,000 HUF, in addition to the cost of ownership, valuation, and on-the-spot inspection. However, if the client requires a home loan from the same bank, the Family Home Discount review will be free of charge.
What are the disadvantages if different banks are unable to cooperate?
This can seriously affect the client’s wallet, as if the most favorable home loan offer is provided by a bank without a Family Home Discount, the client will have to choose another bank in order to take advantage of the support. As a result, you may also be forced to take advantage of a less favorable home loan, which in the long run will result in higher costs, thus pulling more money out of your pocket. In fact, you can slowly pay interest on the money you have won with Family Home Discount support.
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