First developments talks between banks To respond to the impact of Euribor’s dizzying rise, the Ministry of Economy and the industry have to cooperate and mortgaged case sensitive. CaixaBank offered to the rest of the assets freeze quotas from the loans of the group in question. for 12 monthsAs confirmed by various financial sources from the Prensa Ibérica group to EL PERIÓDICO. According to this proposal, the amounts for which the quotas should be increased, charge at end of life of the loan no need to extend time same (because this innovation amount of the mortgage along with the costs incurred for the business and the customer).
Other assets they don’t refuse Apply the ice cream recommended by CaixaBank, but they bet include it inside measure range possible (with others such as periods lack in payment, discounts type, conversion flat rate anyone extensions term) and to apply them depending on the profile and the status of each customer after reviewing them depends on the situation. Some banks had considered making a transaction. sectoral moratorium of the two years in the payment of capital, like those who stood up after the outbreak of the pandemic, but most to throw with provisions understood that it would force them to do so and why. postponing the problemSince the moratorium has expired, mortgage payment difficulties may continue to be experienced.
One of the most important aspects of the negotiation, identify who you are these potential beneficiaries help. a since 2012 Good Practices Code to support vulnerable mortgages, but generally considering only a few family units Income common annuals 24,318.84 €with mortgage payment lifted his weight about family income at least 1.5 timesand overpayment of mortgage 50% of income network.
new requirements
These are the requirements they would leave it out To many families that may be affected by the rise in Euribor definition of other criteria. In this sense, it is not only a matter of discussion in the sector. think increase in mortgage payment and its weight on household disposable income other basic expenses Inflation triggered (eg. light, heating, this even Shopping cart), it also affects logically. payment capacity your families.
The most common idea today is to approve the new plan. not as reform. As part of the 2012 Code of Good Practices to display same or one new code or protocol that organizations voluntarily agree to comply with. The new measures appear, therefore, to be a response to a situation. transient Code approved in previous crisis, with rise in inflation and interest rates long term occupation because it tries to solve the problems of the vulnerable mortgagee regardless of the general economic situation.
in the coming weeks
Banks, their employers and the economy continue meetings and exchange documents lately and plans to continue doing so. this positions still in the industry differenton which subject? Open and can undergo many changes. What seems clear is that State will print reach an agreement as soon as possible. Therefore, Nadia Calviño, vice president of economics, stated last Friday, after the presentation of the plan to bring cash to Spain, which was drained, that her department and the bank will continue to work. “In the coming weeks” to solve”increased financial burden The number of mortgage borrowers due to the change in monetary policy of the ECB to stop the inflationary spiral.
Calviño argues that “negotiation” in the first placeto determine where can this be found sensitive situation“It is in place. The mechanisms that exist today,” he stressed. very different context“what is present” is characterized as very particular rapid rise euribor and interest rates affecting solvency families otherwise it may does not have other vulnerability elementsThat’s why the economy is working with the industry,” he said.element set they can answer State of emergency“caused by inflation. “I believe and I’ve seen it very favorable trend assets we have check that catalog measures and see what happens in your case improvements It can be included to close this unforeseen situation,” he said.