Amortizations may continue to be reinvested in new loans until 2036, although the date to formalize them ends in 2026 MADRID, 27 (EUROPA PRESS) The Official Credit Institute (ICO) foresees that the 40,000 million euros in loans from the addendum to the Recovery, Transformation and Resilience Plan will be operational and will begin to reach … Read more
For the first quarter of 2024, Financial institutions expect supply to contract again in the segment of loans to households for consumption and other purposes, while it would not vary in the rest of the modalities. Refering to demand, a new generalized reduction in applications is anticipatedwith a similar intensity or somewhat greater than that … Read more
Both demand and supply of calls grow green mortgages. Its average interest rate is above that offered by traditional home purchase loans. Which banks include these types of products in their showcase? Which are the most interesting for the client? At this time, according to calculations offered by the association of financial users Asufin, the … Read more
Financial entities anticipate a certain tightening of the criteria for granting loans and a drop in demand, both for consumption and for home purchases, which would interrupt the upward trend that has been recorded in recent months thanks to the confidence for recovery from the pandemic. A scenario that will erase the uncertainty generated by … Read more
The agency Fitch Ratings has cut down to 5% the growth forecasts of the Gross Domestic Product (GDP) of Spain for 2022 from the 6,3% earlier, due to rising energy prices, fueled by the war in Ukraine. – “This is probably weakness in consumer spendinglinked to an increase in Covid-19 cases during the winter, continue … Read more
The average price of fuel in Spain It continues to rise freely and is chaining its fifth week on the rise. Something that has led gasoline to reach its historical record, surpassing the record of September 2012 and marking €1,859 per liter in some Spanish cities. – Since the end of December, gasoline has risen … Read more
The UK economy grows more than expected thanks to the lifting of restrictions due to Covid-19. According to data published this Thursday by the British Statistical Office (ONS), the Gross Domestic Product (GDP) registered a growth in the second quarter of 4.8%, close to the 5% pace predicted by the Bank of england (BoE) last … Read more
About 21 million Spaniards have life insurance. From them, almost 10 million are linked to banking products, according to some studies. Most entities pressure their clients to contract additional products, such as insurance or even pension plans, when it comes to being able to sign a mortgage or take out a personal loan. A practice … Read more
The bank tells you: interest reduction. And you think that the loan is going to be cheaper for you. But in the end it ends up being the opposite. The trick? Entities apply some lower rates in exchange for charging more for other expenses, raising commissions or including the obligation to contract more expensive linked … Read more
In the last decade, mortgage interest rates have plummeted. However, taking out the wrong home loan can end up being expensive for the consumer. Choose variable, fixed or mixed mortgage? In deciding the best one, the client’s age, socioeconomic status and risk profile are key factors. – In recent years, the historical trend in which … Read more