Skip to content If you are looking for a way to take advantage of your severance pay to take the step towards your own home, you've come to the right place. At Conaltura we want to help you transform this savings into the key that will open the doors to your future.
🏡 What are severance payments and what are they for?
Severance payments are a benefit that you receive each year from your employer and are equivalent to one month's salary for each year worked. These funds are destined to:
✔ Buying a home or making improvements to your home.
✔ Pay property-related taxes.
✔ Cover educational expenses.
✔ Serve as a backup in case of unemployment.
We are sure you already knew this, but we want to emphasize the importance of using them wisely. Investing in new housing is one of the best decisions to make.The value of your property increases over time and helps you to build equity.
🔑 How to use your severance pay to buy a home
Taking advantage of this benefit is easier than you think. Just follow these steps:
1. Request the letter of authorization
Your employer must provide you with a letter authorizing the withdrawal of your severance pay with the following information:
✔ Company logo and data.
✔ Name and identification of employer.
✔ Amount authorized and type of withdrawal (total or partial).
✔ Names and identification of the beneficiary (may be the employee or a third party).
💡 Tip: The letter should refer to Article 21 of Law 1429 of 2010, which regulates this type of withdrawal.
2. Visit your severance fund
Go to the entity where you have your severance payments with the authorization letter and your original identification card (take a copy with you). There you will request the immobilization of the funds to be used for the purchase of a home.
3. Present the documentation of the property
With the authorization letter and the confirmation of the severance fund, deliver the document of separation of housing in the corresponding entity. This process guarantees that the funds will be used exclusively for the purchase of your home.
💙 At Conaltura we accompany you in the process.
Investing your severance pay in housing is a smart decision and at Conaltura we want to make it easier for you. Follow these steps:
✔ Explore our options: Discover our housing projects and find the ideal home for you. Click here for more information.
✔ Visit our business rooms: Our advisors are ready to guide you through the process and explain how to make the most of your severance payments.
✔ Make your investment with confidence: Conaltura not only builds real estate projects, but homes designed to improve your quality of life.
📢 Start today! Your future home is waiting for you and your severance can help you make it happen. Contact us and take the first step towards your own home. vitae iaculis luctus.
