Applications for so-called Equity loans are now open.
An Equity loan is a new solution for low-income persons and individuals with limited assets. It is intended to aid first time buyers who are below a certain income possibility curve in order to enable them to bridge the equity gap when buying real estate property.
Equity loans are part of the government’s action package to support the collective agreements (Lífskjarasamningur). All further information about Equity loans can be found on http://hlutdeildarlan.is/equity-loan/