You must apply for the housing construction premium at your investment institution. To do so, use the form sent to you by your investment institution together with the annual account statement.
If you concluded your home loan and savings contract before 1 January 2009:
The housing construction premium is only due for payments into a building savings contract when
- the statutory blocking period of seven years after conclusion of the contract has expired, or
- the accumulated credit balance (including the housing construction premium) from the contract is or is to be used immediately and directly for housing construction or other housing purposes after payment.
If you use the accumulated credit balance for other purposes within the seven-year blocking period, you will no longer be entitled to the housing construction premium.
If you concluded your home loan and savings contract after 1 January 2009:
The housing construction premium is only due for payments into a building savings contract when
- the statutory lock-up period of seven years after conclusion of the contract has expired and
- You are or were not older than 25 years at the time the contract was concluded, or
- the accumulated credit balance (including the housing construction premium) from the contract is or is to be used immediately and directly for housing construction or other housing purposes after payment.