The rise in the Euribor triggers the renegotiation of mortgages

by time news

2023-08-25 19:16:58

Those who are losing a lot of money are the families with the increase in your mortgage payments because of the guys. The Euribor rise in the last year has triggered the renegotiation of these credits to be able to pay them.

The volume of credits renegotiated with the bank to be able to pay the mortgage has tripled in the first six months of 2023 compared to the first half of last year.

How much does the Euribor rise in a year?

Although this August the Euribor is slowing down, in one year it has gone from being negative to exceeding 4 percent.

That abrupt rise is tightening the pockets of mortgaged familieswho have to face quotas one third higher than average.

A reflection of this are those changes in mortgages. Almost 2,200 have been renegotiated from January to June. It is the largest volume in seven years.

There are three types of renegotiations: families with savings have the option to pay off the mortgage so that the installment does not skyrocket; others are extending the term of the loan; and others renegotiating their interest rate.

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