2023-09-03 16:47:11
The Euribor continues to climb, becoming a real headache for many Spaniards. However, those people with difficulties to pay the mortgage have a series of aids within their reach. They will only require compliance with certain requirements.
The benchmark mortgage index is practically at the level of 15 years ago. It closed July with 4.149% and everything indicates that August will end with a higher percentage, indicates The newspaper. Therefore, the loans that are reviewed at the beginning of September will register a significant increase.
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Something similar will happen with the new firms, whether they are of variable or fixed interest. They will have to bear the effects of an uncontrolled Euribor. To combat this type of situation, the Government It has a series of aids.
He Royal Decree-Law 6/2012, of March 9, of protection measures for mortgage debtors without resources, launched the Code of Good Practices. It includes a series of solutions to facilitate the payment of mortgages. It was joined by more than 50 financial entities.
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All those who meet a series of conditions acquire the status of vulnerable people. For example, that the income of the family unit is below 29,400 euros per year. In addition, they must have supported an increase of more than 20% of the mortgage burden or if it represents 30% of their net income.
Another proposal is that the income of the members of the family nucleus does not exceed the limit of three times the IPREM. This year it rises to 8,400 euros, so your earnings cannot exceed 25,200 euros. To this is added that the mortgage loan installments have risen by at least 50% for 4 years.
The aid is also conditional on the conditions of the mortgage. The loan cannot be greater than 300,000 euros at origin and must weigh on the living place usual. In addition, it will be necessary for the entity with which you have the credit to adhere to the aforementioned code.
What are the aids available for mortgagees?
Financial companies that have joined the Code of Good Practices They present three proposals for the mortgaged. The first option includes from a grace period in the repayment of capital to an increase in the repayment period. It also contemplates a reduction for five years in the interest rate.
The second measure could be implemented if the previous proposals fail. The bank will have to facilitate a write-off on the entire debt.
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In the event that neither of these two solutions are valid, the Code proposes another option. It is the dation in payment to release the debt. Families will be able to stay in the living place for a period of up to two years in exchange for a low rent.
The fourth proposal is more recent, having been approved by the Government last May. The Executive grants ICO endorsements 20% of the mortgage for people under 35 years of age. Families with minors in their care regardless of their age may also benefit from these conditions.
They understand that these population groups have sufficient “solvency and financial capacity” to acquire a property. However, the problem is that they do not have the “saving necessary for entry.
To qualify for this aid, candidates will need to earn less than 37,800 euros a year, which is 4.5 times the IPREM. In the case of two people, the limit will be doubled. The guarantee will reach 25% when the living place purchased has at least the energy certification D.
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