L.S. 328.02 Regolamenti biex iħajru Persuni jsiru Sid Darhom (Sussidju ta' Imgħax fuq Self għad-Djar) (Settur Privat)

(1)Any person qualified to do so under this Scheme may make an application on the prescribed form to the Director requesting the subsidy of a loan to him for any of the purposes mentioned in clause 5.

(2)A person shall qualify to make an application as aforesaid where, on the date of the application and subject to the other provisions of this Scheme: (

1. a)the applicant or, in the case of a married or engaged couple, the applicant’s spouse or fiancée/fiancé, is a citizen of Malta; and (
2. b)the applicant is a resident of Malta and has been so resident continuously for not less than twelve consecutive months immediately preceding the date of the application; and (
3. c)the applicant does not require the approval of the Minister responsible for finance to acquire immovable property in Malta; and (
4. d)the applicant does not hold a tenement, other than the dwelling-house to be disposed of in accordance with the provisions of clause 6 where applicable, under a title of absolute ownership or a title of perpetual emphyteusis or a title of temporary emphyteusis for more than forty years from the date of the application, which tenement can be occupied by the applicant as his ordinary residence.

(3)Subject to the provisions of sub-clause

(2), an application by persons engaged to each other shall be made in their joint names and both must be over eighteen years of age. In such a case they shall be jointly and severally liable for the carrying out of all the conditions laid down in this Scheme.

(4)An applicant who is an unmarried person shall qualify to make an application under this Scheme only if the applicant is over thirty years of age.

(5)Unless otherwise specified elsewhere in this Scheme, a person shall not qualify to make an application under this Scheme if the applicant or the applicant’s spouse has already benefited under: (

1. a)the scheme published by Government Notice Number 124 in the Government Gazette of the 16th February, 1988 or any other scheme substituting it; (
2. b)any assistance under what used to be known as the "Home Ownership Scheme" or any other house HOME OWNERSHIP (ENCOURAGEMENT) (SUBSIDY ON INTEREST ON HOUSE LOANS) [ S.L.328.02 purchase assistance for the encouragement of home ownership by the Department of Social Housing or by the Land Department or by the Authority or by any of them jointly.

(6)A person who, as an engaged person, had benefited under this scheme or any of the schemes published by (

1. a)Government Notice Number 11 in the Government Gazette of the 6th January, 1987; (
2. b)Government Notice Number 12 in the Government Gazette of the 6th January, 1987; (
3. c)Government Notice Number 126 in the Government Gazette of the 16th February, 1988; and whose engagement was subsequently terminated, shall qualify once only to make an application under this Scheme provided that, in addition to the other conditions laid down in this Scheme, on the date of the application that person is married to a person different from the one to whom he had been engaged as aforesaid and five years had elapsed from the date when the subsidy of the original loan is terminated by the Director.

(7)Any application under this Scheme shall be accompanied by such documents as the Director may require and the Director may require the applicant to produce any additional documents which he may consider necessary for the purposes of this Scheme.

(8)An applicant whose application is approved shall be required to enter into an agreement with the Director before the applicant can benefit from the provisions of this Scheme and if the applicant fails to sign the said agreement when called upon to do so by the Director the said application shall be deemed to have been abandoned and the approval thereof by the Director shall be without any effect whatsoever.

(9)Any expenses incurred by the applicant in connection with the application shall not be recoverable by the applicant whether or not the application is successful. 4.

(1)The applicant shall give all that information regarding his financial means as he may be required to give by the Director and for this purpose the applicant shall authorise the Commissioner of Inland Revenue, and any other person as may be necessary, to give the Director any information concerning the applicant’s income and financial affairs. Information.

(2)The Director may require the applicant to sign any declaration he may consider necessary for the carrying out of this Scheme and the applicant shall allow the Director the inspect the applicant’s ordinary residence and any other tenement held by him as the Director may require. 5. The loan mentioned in clause 3

(1)must be for any of the following purposes: (

1. a)for the purchase of a dwelling-house other than a Government dwelling-house; (
2. b)for the construction or completion of a dwelling house Purpose of loan. 3 4 [ S.L.328.02 HOME OWNERSHIP (ENCOURAGEMENT) (SUBSIDY ON INTEREST ON HOUSE LOANS) on land purchased by the applicant other than from the Government: Provided that the dwelling-house or land is to be held or is held by the applicant under a title of absolute ownership or of perpetual emphyteusis or of a temporary emphyteusis for forty years or more and the dwelling-house will be used exclusively as the ordinary residence of the applicant and his family: Provided also that where the aforesaid title is one of temporary emphyteusis for less than forty years, the applicant shall not be disqualified for that reason alone if the said emphyteusis is for more than twenty-four years and the emphyteuta is under an obligation to redeem the ground rent within the said period. Change of ordinary residence by absolute owner or perpetual emphyteuta. 6.

(1)Where a person who qualifies to make an application under this Scheme occupies as his ordinary residence a dwellinghouse under a title of absolute ownership or of perpetual emphyteusis and wishes to change to another ordinary residence, that person may apply for a subsidy in accordance with the following provisions of this clause.

(2)Before making an application the applicant must have entered into a promise of sale agreement in respect of the dwellinghouse occupied by the applicant as an ordinary residence.

(3)Before being able to finalise the loan and withdraw funds in terms of the loan agreement the applicant must conclude the deed of sale in respect of the dwelling-house covered by the promise of sale agreement as aforesaid.

(4)The proceeds of the sale in accordance with sub-clause

(3)must all be used to finance the purchase of the dwelling-house in respect of which the loan has been advanced.

(5)Where the applicant sold the dwelling-house which used to be occupied by him as his ordinary residence, immediately before the application or within twelve months immediately preceding the date of the application, the proceeds from that sale shall be used to finance the purchase by the applicant of the dwelling-house in respect of which a loan may be advanced and a subsidy granted upon the application in accordance with the provisions of this clause.

(6)The Director shall have the right to appoint one or more architects to determine the market value of the dwelling-house sold or to be sold by the applicant under the provisions of this clause and the value so determined and approved by the Director shall be deemed to be the proceeds from the sale for the purposes of subclauses

(4)and

(5). Change of ordinary residence by temporary emphyteuta. Amended by: L.N. 424 of 2007. 7.

(1)Where a person who qualifies to make an application under this Scheme occupies as his ordinary residence a dwellinghouse under a title of temporary emphyteusis and wishes to change to another ordinary residence but does not wish to comply with the provisions of clause 14(d), that person may apply for a subsidy under this Scheme in accordance with the following provisions of this clause. HOME OWNERSHIP (ENCOURAGEMENT) (SUBSIDY ON INTEREST ON HOUSE LOANS) [ S.L.328.02 5

(2)The provisions of clause 6

(2)and

(3)shall mutatis mutandis apply in respect of the remaining period of the emphyteusis.

(3)Where an application is made in accordance with the foregoing provisions of this clause the maximum subsidised loan allowable under this Scheme shall be reduced by three thousand and four hundred and ninety-four euros and six cents (€3,494.06).

(4)Where a person has already transferred the remaining period of the emphyteusis he shall not, for that reason alone, be disqualified from making an application under this clause provided that where the transfer took place immediately before the application or within twelve months immediately preceding the date of the application the provisions of sub-clause

(3)shall apply. 8. Any person who, before the coming into force of this Scheme but since the 14th November, 1987, obtained a loan from a financial institution, as may be approved by the Director, for the purchase, construction or completion of a dwelling-house occupied by him as his ordinary residence shall not, for that reason alone, be disqualified from making an application for a subsidy under this Scheme provided he would otherwise so qualify to make such an application. Persons having already obtained a loan. 9.

(1)The loan mentioned in clause 3

(1)and made for any of the purposes mentioned in clause 5 shall be borrowed from a financial institution approved by the Director and the amount of the loan which shall attract a subsidy under this Scheme shall not exceed the maximum limit as laid down in clause 10. Conditions of loan.

(2)The loan shall be repaid within a maximum period of twenty-five years depending on the income of the beneficiary in accordance with the terms agreed upon between the beneficiary and the aforesaid financial institution. 10.

(1)Subject to the following provisions of this clause, the Director shall subsidise the interests payable on a loan made in accordance with this Scheme so that the interests payable by the applicant whose application has been approved shall be at the rate shown in the second column of Table A annexed to this Scheme up to the maximum limit shown in the third column of the said Table and according to the value of the dwelling-house, as may be determined by the Director, shown in the first column of the same Table.

(2)Where the application is made by persons engaged to each other or by an unmarried person in accordance with the provisions of this Scheme, the rate of interest otherwise payable by the applicant under the provisions of sub-clause

(1)shall be increased by 1% if the application is approved: Provided that where the persons engaged to each other subsequently marry each other or where the unmarried applicant subsequently becomes married, the rate of interest payable under this sub-clause may, upon an application accompanied by a copy of the act of marriage from the Public Registry, be reduced by 1%.

(3)Where the dwelling-house in respect of which the Subsidisation of interest. 6 [ S.L.328.02 HOME OWNERSHIP (ENCOURAGEMENT) (SUBSIDY ON INTEREST ON HOUSE LOANS) application is made is the ordinary residence of the applicant and his family consisting of five or more members, including the applicant, the rate of interest otherwise payable by the applicant under the provisions of sub-clause

(1)shall be reduced by 0.5%.

(4)Where at the time of the application the dwelling-house in respect of which the application is made is the ordinary residence of the applicant and his family which consists of less than five members including the applicant but the number of members in the family subsequently increases to five or more the rate of interest may, upon application, be reduced as provided in sub-clause

(3)with effect from the date that the next payment of interest is due.

(5)The Director shall have the right to determine the market value of the dwelling-house mentioned in sub-clause

(1)in the manner provided in clause 6

(6)and in that case the value so determined and approved by the Director shall be the value of the said dwelling-house for the purposes of this clause. Houses built and ready for habitation before 1st January, 1939. Amended by: L.N. 424 of 2007. 11.

(1)An applicant whose application refers to the purchase of a dwelling-house which was built and ready for habitation before the 1st January, 1939 shall, if the application is approved, be entitled to an additional soft loan up to a maximum of six thousand and nine hundred and eighty-eight euros and twelve cents (€6,988.12) the interests on which shall be subsidised by the Director so that the interests payable by the applicant thereon shall be at the rate of 1.5% provided that the total amount of the loans granted shall not exceed 80% of the purchase price of the dwellinghouse.

(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 value of the dwelling-house as determined by the Director exceeds thirty-four thousand and nine hundred and forty euros and sixty cents (€34,940.60).

(3)Where the value of the dwelling-house determined as aforesaid exceeds thirty-four thousand and nine hundred and forty euros and sixty cents (€34,940.60) the applicant may benefit from the soft loan provided for in clause 12.

(4)An applicant under this clause may also apply for a further loan not exceeding four thousand and six hundred and fifty-eight euros and seventy-five cents (€4,658.75), at the subsidised rate of interest mentioned in clause 10 for the purpose of carrying out improvements in the purchased dwelling-house.

(5)Notwithstanding the provisions of clause 3

(5), a person who benefits, or qualifies to benefit, under this clause shall not be disqualified for that reason alone from benefiting, after the coming into force of these regulations, under the scheme published by Government Notice 124 in the Government Gazette of the 16th February, 1988 or under any other scheme substituting it. HOME OWNERSHIP (ENCOURAGEMENT) (SUBSIDY ON INTEREST ON HOUSE LOANS) [ S.L.328.02 12.

(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. 7 Houses built and ready for habitation on or after the 1st January, 1939 but before the 1st January, 1960. Amended by: L.N. 424 of 2007.

(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 dwellinghouse as determined by the Director exceeds forty-six thousand and five h undred and ei ghty-sev en euros and forty-seven cen ts (€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. 13.

(1)An applicant whose application refers to the purchase of a dwelling-house built and ready for habitation on or after the 1st January, 1960 but before the 1st January, 1980 shall, if the application is approved, be entitled to an additional soft loan up to a maximum of two thousand and three hundred and twenty-nine euros and thirty-seven cents (€2,329.37) the interests on which shall be subsidised by the Director so that the interests payable by the applicant thereon shall be at the rate of 3% provided that the total amount of the loans granted shall not exceed 80% of the purchase price of the dwelling-house. Houses built and ready for habitation on or after the 1st January, 1960 but before the 1st January, 1980. Amended by: L.N. 424 of 2007.

(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 value of the dwelling-house as determined by the Director exceeds fifty-eight thousand and two hundred and thirty-four euros and forty-four cents (€58,234.44). 14. The applicant whose application has been approved shall: (

1. a)for as long as the loan is outstanding, keep the dwelling house in question in a good state of repair to the satisfaction of the Director and shall make good for any damage, whether ordinary, extraordinary or fortuitous, caused to the dwelling-house saving his rights of recourse against third parties; (
2. b)pay all amounts due on the dwelling-house and furnish the Director with evidence of such payments when so requested; (
3. c)not use the dwelling-house for any purpose other than General obligations of successful applicant. 8 [ S.L.328.02 HOME OWNERSHIP (ENCOURAGEMENT) (SUBSIDY ON INTEREST ON HOUSE LOANS) that of a dwelling-house; (
4. d)deliver the keys and the possession of the premises which, on the date of the application or at any time during the period of six months immediately preceding the application, were occupied by the applicant as his ordinary residence provided those premises were held by the applicant under a title of lease or of temporary emphyteusis; such delivery shall be made as soon as the applicant occupies the dwelling-house to which the application refers but in any case not later than the time allowed in clause 15 for occupation by the applicant; (
5. e)allow the Director access to the dwelling-house to which the application refers up to thirteen years from the date of issue of the relative building permit or until the subsidised loan under this Scheme has been repaid, whichever is the later and as the case may be. Special obligations according to nature of application. 15.

(1)Where the application is for the purchase of a dwelling-house under clause 13, the applicant whose application has been approved shall: (

1. a)conclude the deed of purchase of the dwelling-house within a maximum period of three months from the date of the approval of the application; and (
2. b)within eighteen months from the date of the publication of the deed of purchase in the case of a joint application by engaged persons, or within two months from the said date of publication in all other cases, occupy the said dwelling-house.

(2)Where the application concerns the purchase of a dwellinghouse under clause 11 or 12, the applicant whose application has been approved shall: (

1. a)conclude the deed of purchase of the dwelling-house within a maximum period of three months from the date of the approval of the application; and (
2. b)within eighteen months from the date of the publication of the deed of purchase in the case of a joint application by engaged persons, or within six months from the said date of publication in all other cases, occupy the said dwelling-house.

(3)Where the application concerns the purchase of an uncompleted dwelling-house, the applicant shall occupy the said dwelling-house within eighteen months from the date of the approval of the application.

(4)Where the application concerns the construction of a dwelling-house, the applicant shall commence building works within three months from the date of issue of the relative building permit and shall complete the building of the dwelling-house ready for habitation and shall occupy the same within three years and three months from the said date. HOME OWNERSHIP (ENCOURAGEMENT) (SUBSIDY ON INTEREST ON HOUSE LOANS) [ S.L.328.02 16.

(1)In the case of a joint application by engaged persons, where the engagement is subsequently dissolved: (

1. a)both applicants shall, within thirty days from the date of such dissolution, give notice thereof to the Director; 9 Effects of dissolution of engagement on joint applications by engaged persons. (
2. b)the Director shall immediately suspend the subsidy on the interest rate and any further withdrawals on the loan account pending investigations and his final decision thereon; (
3. c)the applicants shall, within thirty days from the date of the notice mentioned in paragraph (
4. a)and in accordance with and subject to the conditions laid down in the provisions of clause 18, jointly request in writing authority to transfer under a title of sale or perpetual emphyteusis the dwelling-house in respect of which their application had been approved; (
5. d)the applicants shall, within three months from the date of the approval of their request made according to paragraph (c), transfer the said dwelling-house as aforesaid: Provided that the Director may extend the mentioned period of three months as he may deem fit.

(2)Where the applicants fail to comply with the provisions of sub-clause

(1)(a), the provisions of sub-clause

(1)(b) shall apply from the date that the Director becomes otherwise aware of the dissolution of the engagement.

(3)Where, notwithstanding the efforts of the applicants to comply with the provisions of sub-clause

(1)(

1. c)and (d), the transfer of the dwelling-house cannot take place within the period laid down in the said paragraph (
2. d)because no purchaser or acquirer of the dwelling-house comes forward to conclude the transfer, the Director shall have the right to purchase or acquire the said dwelling-house from the applicants at a price fixed by an architect designated for the purpose by the Director or to require the applicants to authorise him to transfer as aforesaid the same dwelling-house on their behalf.

(4)Where the Director exercises his aforesaid right to purchase or acquire the dwelling-house, from the price determined in accordance with the provisions of sub-clause

(3)the Director shall deduct all subsidies from which the applicants benefited under this Scheme and all expenses and penalties as determined by the Director and the remaining balance shall be the amount payable to the applicants on the deed of transfer saving any obligations entered into by them in favour of the financial institution approved by the Director in respect of the loan advanced to them. 17.

(1)Where the successful applicant fails to comply with the conditions imposed upon him under this Scheme or where it is found that any of the information submitted by the applicant is not correct the Director may, without prejudice to his right to terminate any agreement under this Scheme or to extend for a just cause any time limit thereunder, take any or all of the following measures: Breach of conditions or false information by applicant. Amended by: L.N. 424 of 2007. 10 [ S.L.328.02 HOME OWNERSHIP (ENCOURAGEMENT) (SUBSIDY ON INTEREST ON HOUSE LOANS) (

1. a)suspend, terminate or reduce the subsidy; (
2. b)suspend or prohibit any further withdrawals on the loan account; (
3. c)recover any or all of the loans, subsidies or other benefits received by the applicant under this Scheme; (
4. d)impose on the applicant the payment of a penalty of nine euros and thirty-two cents (€9.32) for every week or part thereof during which the successful applicant is in default.

(2)Any person who fails to comply with the conditions imposed upon him under this Scheme or who gives false information for the purposes of any application made by him under this Scheme shall be disqualified for a period of five years from benefiting from any scheme m ad e w ith th e ap proval o f the Parliamentary Secretary responsible for housing. Transfer by the beneficiary. 18.

(1)Any dwelling-house acquired under this Scheme shall not be transferred under any title, other than causa mortis, by the beneficiary unless he complies with the following provisions of this clause.

(2)Where the beneficiary has taken a loan under the provisions of clauses 11, 12 and 13 and the transfer is to take place within ten years from the date of the first withdrawal on the loan, the beneficiary shall, before the transfer is effected, pay to the Director and the financial institution approved by him under this Scheme, as the case may be, the whole or part of the value of any subsidy or other benefit received by the beneficiary as laid down in the second column of Table B annexed to this Scheme depending on the period after the first withdrawal on the loan account as shown in the first column of the said Table.

(3)Where the beneficiary has taken a loan other than a loan as mentioned in sub-clause

(2)and the transfer of the dwelling-house is to take place within thirteen years from the date of the first withdrawal on the loan, the beneficiary shall, before transfer is effected, pay to the Director and to the financial institution approved by him under this Scheme, as the case may be, the whole or part of the value of any subsidy or other benefit received by the beneficiary as laid down in the second column of Table C annexed to this Scheme depending on the period after the first withdrawal on the loan account as shown in the first column of the said Table.

(4)Where the beneficiary has taken a loan as mentioned in sub-clauses

(2)or

(3)and the transfer of the dwelling house is to take place after ten or thirteen years respectively, as the case may be, from the date of the first withdrawal on the loan, the beneficiary shall give the Director one month’s notice of his intention to transfer the said dwelling-house and the Director shall thereupon terminate any arrangement for the subsidy under this Scheme of any interests payable by the beneficiary. Relief from death and donation duty. Amended by: L.N. 424 of 2007. 19. Relief as provided in article 3(

1. b)of the principal Act is hereby granted on the death of the beneficiary, and where the beneficiary is married at the time of the acquisition of the dwelling- HOME OWNERSHIP (ENCOURAGEMENT) (SUBSIDY ON INTEREST ON HOUSE LOANS) [ S.L.328.02 11 house, also on the death of the beneficiary’s spouse, in respect of any dwelling-house acquired under the provisions of clause 11 or 12 and the provisions of article 6 of that Act shall therefore apply thereto: Provided that the aforesaid relief shall only apply in respect of the first sixteen thousand and three hundred and five euros and sixty-one cents (€16,305.61) of the value of the dwellinghouse. 20. The right is hereby granted to register under the Housing (Decontrol) Ordinance a dwelling-house acquired by a beneficiary under the provisions of clause 11 or 12 and the provisions of article 7 of the principal Act shall therefore apply thereto. Right to decontrol dwelling-house. Cap. 158. 21. The transfer of a dwelling-house to a beneficiary under this scheme shall be exempt from the following duties under the Duty on Documents and Transfers Act, hereinafter in this clause referred to as "the Act", provided that the transfer takes place under the provisions of clause 11 or 12 and the beneficiary thereby becomes the absolute owner of immovable property for the first time: Relief from duty on documents. Cap. 364. (
2. a)33% of the duty under Title II of Part III of the Act chargeable on the deed of transfer of the dwellinghouse to the beneficiary; (
3. b)33% of the duty under Title II of Part III of the Act chargeable on the receipt of the payment of the price or other consideration for the transfer of the dwellinghouse to the beneficiary. 22.

(1)Any application under this Scheme shall be lodged personally or by registered post by the applicant with the Director. Lodgement and abandonment of applications.

(2)Where any applicant under this Scheme fails to appear on the promise of sale agreement or on the deed of sale or transfer, as the case may be, when called upon to do so by the vendor or transferor, his application shall be deemed to have been abandoned. 23. Notwithstanding anything contained in the foregoing provisions of this Scheme, the Director shall have the right to refuse any refusal application. TABLE A (Clause 10) First Column Value of Dwelling-House in Euros 0 - 5,000 5,001 - 6,000 6,001 - 7,000 7,001 - 8,000 8,001 - 9,000 Second Column Interest Rate Percent 2.00 2.20 2.40 2.60 2.80 Third Column Maximum Subsidised Loan 4,000 4,200 4,400 4,600 4,800 Right of refusal. 12 [ S.L.328.02 HOME OWNERSHIP (ENCOURAGEMENT) (SUBSIDY ON INTEREST ON HOUSE LOANS) 9,001 - 10,000 10,001 - 11,000 11,001 - 12,000 12,001 - 13,000 13,001 - 14,000 14,001 - 15,000 15,001 - 16,000 16,001 - 17,000 17,001 - 18,000 18,001 - 19,000 19,001 - 20,000 20,001 - 21,000 21,001 - 22,000 22,001 - 23,000 23,001 - 24,000 24,001 - 25,000 3.00 3.20 3.40 3.60 3.80 4.00 4.20 4.40 4.60 4.80 5.00 5.20 5.40 5.60 5.80 6.00 5,000 5,200 5,400 5,600 5,800 6,000 6,400 6,800 7,200 7,600 8,000 8,400 8,800 9,200 9,600 10,000 TABLE B (Clause 18) First Column Period in Years After first Withdrawal on Loan Account Second Column Percentage of Value of Subsidy or other Benefit to be Refunded less than 4 ...................................................... 100 4 or more but less than 5 ................................. 85 5 or more but less than 6 ................................. 70 6 or more but less than 7 ................................. 55 7 or more but less than 8 ................................. 40 8 or more but less than 9 ................................. 25 9 or more but less than 10 ............................... 10 TABLE C (Clause 18) First Column Period in Years After first Withdrawal on Loan Account Second Column Percentage of Value of Subsidy or other Benefit to be Refunded less than 7 ...................................................... 100 7 or more but less than 8 ................................. 85 HOME OWNERSHIP (ENCOURAGEMENT) (SUBSIDY ON INTEREST ON HOUSE LOANS) 8 or more but less than 9 ................................. 9 or more but less than 10 ............................... 10 or more but less than 11 ............................. 11 or more but less than 12 ............................. 12 or more but less than 13 ............................. [ S.L.328.02 70 55 40 25 10 13