The Brussels Housing Fund said on Tuesday that it was “obliged” to restrict the conditions of access to its mortgage loans to be able to continue supporting the most vulnerable Brussels residents.
Only households that fall within the social housing income scale will now be eligible for the acquisitive mortgage loan, which has a 3.25% – 5% rate, and the Ecoreno loan (1.5% or 2.5%). The measure will apply until 31 December next.
The conditions of access to the Ecoreno consumer credit have not been modified, but the rates will increase to 1.5 and 2.5%.
The Housing Fund explained that it had been facing a very strong increase in requests for mortgage loans for several months.
“Our success is such that these new measures are necessary to enable us to perpetuate our social action with the most vulnerable Brussels households,” added Lieve Lalemant-Scheerlinck, president of the Fund’s board of directors.
The new access conditions were decided with the agreement of the government of Brussels Region.
The Ecoreno mortgage loan was launched last August to enable owner-occupiers and tenants to finance work on their homes. The loan covers works aimed at saving on energy, improving the occupants' autonomy, safety and health and enhancing habitability.
Ecoreno is a mortgage loan for the purchase of a home.
