S.L. 328.2 ст. 12Houses built and ready for habitation on or after the 1st January, 1939 but before the 1st January, 1960.

(1) An applicant whose application refers to the purchase of a dwelling-house built and ready for habitation on or after the 1st

January, 1939 but before the 1st January, 1960 shall, if the application is approved, be entitled to an additional soft loan up to a maximum of four thousand and six hundred and fifty-eight euros and seventy-five cents (€4,658.75) the interests on which shall be subsidised by the Director so that the interests payable by the applicant shall be at the rate of 2.5% provided that the total amount of the loans granted shall not exceed 80% of the purchase price of the dwelling-house.

(2) The soft loan mentioned in sub-clause (1) may be availed of before the loan mentioned in clause 10 but the said soft loan shall not be allowed where the maximum value of the dwelling-house as determined by the Director exceeds forty-six thousand and five hundred and eighty-seven euros and forty-seven cents (€46,587.47).

(3) Where the maximum value of the dwelling-house determined as aforesaid exceeds forty-six thousand and five hundred and eighty-seven euros and forty-seven cents (€46,587.47), the applicant may benefit from the soft loan provided for in the following clause.

(4) The provisions of clause 11(4) and (5) shall apply to an applicant or a person who benefits or qualifies to benefit under this clause.