Easier access to housing and a secure housing situation is the livelihood basis for families. Therefore, increasing access to home ownership by strengthening creditworthiness is indispensable for our socio-economic development.

Lack of housing is one of the most frequently indicated obstacles by Poles in deciding to start or expand a family. The problem is, among others, the need to accumulate often considerable funds for own contribution. The solution is brought by the draft law on guaranteed housing loan as one of the instruments specified in the programme "Mieszkanie bez wkład własnego" (Apartment without own contribution), implemented within the framework of the Polish Deal adopted by the government of Prime Minister Mateusz Morawiecki

- said Secretary of State at the Ministry of Development and Technology Piotr Uściński.

For those who, thanks to rising earnings, have already reached creditworthiness and who do not want or cannot delay the purchase for more years, we propose to use the BGK guarantee granted for part of the loan taken out

- stressed Deputy Minister Uściński.

What will the support consist in?

Bank Gospodarstwa Krajowego (BGK) will guarantee up to 20% of the loan amount, not more than PLN 100,000, for at least 15 years. After the birth of the second or subsequent child in the family, BGK will repay part of this credit.

• The guaranteed housing loan will be a housing mortgage loan meeting the conditions set out in the Act and granted by banks joining the programme on the basis of an agreement concluded with BGK.
• The state, through BGK, will guarantee up to 20% of the loan amount, but no more than PLN 100,000.
• BGK will make a one-off repayment of part of the guaranteed housing loan in connection with the birth of a child. This will be the so-called family repayment, which will amount to:
  • PLN 20,000 - in the case of enlarging the household with a second child,
  • PLN 60,000 - in the case of enlarging a household with a third or subsequent child.
• The loan is granted for a minimum of 15 years.
• The guaranteed housing loan may be granted in the Polish currency. As a result, there will be no exchange rate risk.
• The draft also contains mechanisms to limit the risk of stimulating housing price increases:
  • This will be the introduction of a maximum price limit (including construction contribution) per 1 m2 of usable area of the financed flat.
  • The second of the possible mechanisms to be applied will be the authorisation for the Council of Ministers to reduce, by regulation, the amount of the coefficients affecting the statutory price limits.

Legislative stage

On 8 September the Council of Ministers adopted the government draft Act on guaranteed housing loan and on repayments of such loan made in connection with enlargement of households, which was then positively assessed by the joint parliamentary committees of Public Finance and Infrastructure, and then passed by the Sejm on 1 October. The bill will now go to the Senate.

The new regulations will enter into force six months after their announcement in the Journal of Laws.