HE State to foresee expand in a year suspension commission for change mortgage your species variable at constant rate It is in effect in 2023. This, employers banking –AEB (banks), MINT (former savings banks) and Not true (rural savings banks) – together meeting in their meetings with representatives Ministry of Economy as confirmed to EL PERIÓDICO this Tuesday afternoon by various sources familiar with the meeting. In principle, the commission in question should be temporarily eliminated It would be finished at the end of this yearThe Executive Vice President’s plan to help mortgage holders with payment problems was approved by the Executive Board. Nadia CalvinoWe reached an agreement with the bank in November 2022.
The manager also stated the following at the meeting: suspension Application of the commission in question to mortgage modifications variable rate to mixed ratethat is, loans where a fixed rate is charged for part of the life of the loan and a variable rate is charged for the remainder. This is a measure recommended by the consumer association till the end. According to some sources, the economy was also discussed expand in a year suspension early repayment fee Mortgage loans are expected to decline on January 1, as will the transition from variable interest rates to fixed interest rates. Similarly, progress on plans to improve financial inclusion has been assessed. bigger And rural spain.
This Tuesday’s meeting consisted of: preparatory meeting at the technical level, next Monday Vice President Calviño will continue to meet with senior officials Bank of Spain, banking unions, Asufin and representatives of the elderly. So Economy’s top officials confirmed to employers that they planned to do so. increase income annual joint maximum families who can Benefit between Code of Good Practice for mortgage relief for existing middle-class households. 29,400 euros (3.5 times IMPREM) to “average income” (37,800 euros).
star measurement
This initiative was announced by President Pedro Sánchez y Calviño. Election campaign last JulyIt is also included in the PSOE and Sumar Government pact. I would let more houses can benefit from the mitigating measures foreseen in the law, such as the expansion of seven year period mortgage maturity or freeze the quota For 12 months. for one person 150,000 euro mortgage The vice president stated in July that the agreement signed in 2018 would amount to an agreement. 300 euro savings 3,600 euros monthly and annually.
Mortgagee aid plan almost complete, data from the Bank of Spain shows. 42,800 applications Between January and July by families with debts waiting to be paid 5.367 million euro, one “limited” figure in terms of the total number of mortgage loans in force (less than 0.4%), and also in terms of loans that meet the eligibility conditions, although this is “significantly higher” than the number of claims required by the previous Code of Good Practice. 2012. Just one 8% of requests it already was approvedwhen around 50 percent are pending needed to be solved, and about 40% were rejected, mainly because – in 90% of those cases – they did not meet the requirements.
provision margin
The manager understands that economy And work developing better than expected Announced that demands were lower than expected in November 2022 (mentioned 2022 at most) potentially one million homes Although there were beneficiaries, the Bank of Spain later reduced the actual expected number to around 200,000. The decrease in demand means that the costs of measures taken through provisions are lower for banks; Therefore, Economía considers that these measures have been taken. room to expand income criteria of beneficiaries your accounts without suffering Greater deterioration than initially anticipated.
On the other hand, both the Governor of the Bank of Spain Pablo Hernández de Cos and the representatives of the banks showed their reactions. denial to expand the plan right now, as they think early. Time will tell whether Calviño can change his minds. And this is an important issue: participation According to the Code of Good Practice voluntarily for organizations (compliance is mandatory once subscribed by banks). Of course, there is always the possibility that the Government may decide to legislate if the bank continues to refuse to reopen the code. Calvino I already tried it in June The plan was scheduled to be extended, but the governor halted the plan in a similarly tense meeting next Monday. This is the last meeting planned principally Septemberbut in the end it was postponed when the Ministry of Economy realized that the Council of Ministers understood this. couldn’t be in the office To confirm the changes you want to introduce.