The Generalitat opened its term this Thursday. meeting to request electronically direct help for the payment of variable mortgages. It is an initiative that seeks to benefit. Households with an increase in monthly payments significantly as a result of the rate hike. The deadline for requesting these will be open until September 15.
To access these subsidies, fill out a form and request an appointment. After all fields are filled in, a date and deadline will be assigned for the electronic transaction to be processed. This form is available at: Ministry of Finance and Economic Model website.
Assistance to pay off variable mortgages six million budget the euro, which can be expanded depending on the number of applications, and its purpose is to reduce the likelihood of the most vulnerable groups losing their habitual residences at the risk of exclusion due to inability to pay their mortgage payments.
Amount
Two types of assistance are established for a fixed amount in a single payment. On the one hand, it offers 600 euro assistance for family units Annual income up to 25,200 euros to allocate at least 40% of their income to housing loan payments.
And on the other hand, a 300 euros help for family units Annual income of more than 25,200 euros and up to 33,600 eurosThose who dedicate at least 50% of their income to mortgage loan payments.
Also, this mortgage Revised from April 1, 2022 to July 1, 2023 and an increase of at least 30% in mortgage interest. In all cases, only one benefit will be awarded per mortgage loan.
in the province of Alicante The average mortgage amount issued is 105.000 Euro, lIt has already become more expensive, or almost the same, at an average of 230 euros per month, at the rate of those with a variable rate loan 2,800 Euros per year. This increase represents a crucial oversight for the large number of families in the region, especially those with more modest incomes.
To avoid this increase, many mortgage holders changed their loans from floating rate to flat rate last year to ensure they could afford the monthly payment.