‘Guaranteeing’ bank loans for first-time buyers


A total of €20 million is being made available by the Valencia government to help young people to buy their first home.

The scheme will operate through guarantees issued by the regional ‘public bank’ – the Valencia finance institute (Instituto Valenciano de Finanzas – IVF).

Regional president Carlos Mazón explained that the initiative is designed to ‘facilitate access to credit to young people aged between 18 and 45 years old, who need a mortgage to buy their first home’.

Full report in Friday’s Costa Blanca News




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