Code of Good Banking Practices: What is it about? First of all, it is necessary to make clear what the Code of Good Practice is . This is an aid package for those who have problems paying their mortgage loan. You must meet some requirements, the bank will apply several measures that will reduce. Your payment and allow you to comfortably make ends meet. The majority of banks that operate in Spain adhere to the. Code and have the obligation to apply it if you meet the necessary conditions. Currently, there are two Codes of Good Practice: Code of Good Practices for the viable restructuring of debts with mortgage guarantees on primary residences, is at vulnerable families. Code of Good Practices for mortgage debtors at risk of vulnerability , for middle class families.
Requests to adhere to the Code of Good Practices for mortgage debtors increase
Nadia , first vice president and minister of. Economic Affairs and Digital Transformation, state that the bank receive, requests to adhere to the Code of Good Practices for mortgage debtors at risk of vulnerability since January due Bosnia and Herzegovina Phone Number List to the rise in rates. This figure was provid by Calviño after the meeting he held with representatives of banking associations, consumer associations and the Bank of Spain . This meeting was held with the objective of evaluating. The evolution of protocols and codes of good practices to ensure care for the elderly, face-to-face banking services in rural areas. Calviño has indicat that this figure of , requests implies multiplying by the number of. Requests prior to the monthly average before the update of the Code of Good Practices, which was approv at the end of November.
What are the benefits of the Code for middle class families?
If you meet the requirements, you will have the possibility to choose between different aids. Extend the return period: you can extend it for up to seven years , without exceeding years in total. In this way, you will reduce the fee to an amount Austria Phone Number List equivalent to what you paid in. June Freeze the installment for months: the installment will be frozen with an amount equivalent. What you paid in June In those months, the interest will be lowere so that it implies a reduction of of the current net value of the mortgage loan . On the other hand, it is possible to convert the variable mortgage to a rate, in this way. Your payments become stable, although it will be with the interest that the bank offers you. You have the possibility of requesting the application of one measure or another until November.
