One of the most important and costly decisions we make in our lives is how we live. It requires careful planning, construction and maintenance. In most cases, the size of the outlay may require borrowing. In addition to finding the land on which to build the home, we also have to furnish it.
We also have to maintain our existing flats and houses. With energy prices and sustainability out of control, it is worth upgrading and optimising insulation and heating technology.

The opportunities for LTP use are primarily related to housing. For example: 

• buying a plot of land, an apartment, a house or a farm

• construction, renovation and extension of apartments, family houses, farmhouses

• housing renovation, modernisation

• home loan redemption, early repayment, final repayment

Other uses that are not yet widespread in Hungary:

• home leasing (the down payment can be paid from LTP)

• renting or occupying a flat (suitable for paying the initial capital needed to move into a nursing home)

Would you use it for something else entirely? Your personal adviser can tell you more about the other options.