Luxembourg provides mortgage assistance to government employees
Published in the Nr 12 - February 2019
NEWS SOCIAL DIALOGUE AND QUALITY OF WORKING ENVIRONMENT
Luxembourg will award a mortgage interest subsidy for its civil servants in order to reduce the expenses of repaying a mortgage taken out to build, purchase or convert accommodation serving as a primary and permanent residence. The subsidy is fixed at 0.50% (increased by the same amount for each dependent child) and is calculated on the balance of the loan multiplied by the rate indicated on the amortisation table.