This is how the Code of Good Practices of the Bank of Spain works to protect mortgage holders

This is how the Code of Good Practices of the Bank of Spain works to protect mortgage holders

Although this Thursday the European Central Bank (BCE) has decided to keep the price of money unchanged, interest rates have not stopped rising since July 2022. And it has done so at an unprecedented rate since its creation in 1999: 4.5 percentage points. With these figures, the ECB has decided to leave the main rate … Read more

Understanding Mortgage Protection with Life Insurance

Understanding Mortgage Protection with Life Insurance

With the persistent rise of the Euribor, the mortgages They have become more expensive in the last 20 months. In this sense, the index review to which 3.7 million loans in Spain are linked translates into a increase in fees. In relation to the update this August, mortgage holders will pay on average 227 euros … Read more

Government Measures and Aid for Mortgage Borrowers Amidst Rising Variable Rates

Government Measures and Aid for Mortgage Borrowers Amidst Rising Variable Rates

He mortgage benchmark of Spain is at the level of 15 years agobefore the outbreak of the financial crisis. As a consequence, the loans mortgage at variable rate are registering a significant increase. In this situation, there are different aids to alleviate the effects of a runaway euribor. Government aid: Code of Good Practices for … Read more