What is the mortgage agreement? This is aid to. Mortgaged families due to the escalation of the Euribor . The Council of Ministers approved a regulatory package for one million vulnerable and middle-class households, with incomes reaching up to. Euros per year. The objective is to help the financial situation of many families, caused by the rise in interest rates. These measures seek to reduce the mortgage burden of households. On the other hand, there is an attempt to have greater certainty in the level of spending in the medium and long term. In this way, the margin of action of the Code of Good Banking Practices is expanded so that the measures are not only directed at vulnerable families, but also at those middle class households that are at risk of vulnerability.
Adhesion of banks and compliance obligation
The Code of Good Practices for mortgage debtors at risk of. Vulnerability was voluntary adherence by banks , like the code for vulnerable debtors. However, the reality is that banks are obliged to comply with them once signed. The Bank of Spain and the Vietnam Phone Number Data mortgage agreement The governor of the Bank of Spain, Pablo Hernández de Cos, has indicated that, this year. Conduct supervision will be responsible for paying special attention to the actions of banks within the framework of the measures approved to alleviate the impact of the rise in interest rates on mortgage loans on primary residences. More tools provided by the Bank of Spain On the other hand, the supervisor plans to enable some tools on its website. The main objective is to provide information to citizens about the applicability of the code of good practices.
What is the position of the Spanish Banking Association?
The Spanish Banking Association (AEB), the sector’s employers’ association. Chose to defend the code of good practices, arguing that the important thing is to comply with it. According to the AEB, there has not yet been an increase in the Italy Phone Number List number of. Requests for support because employment is resisting uncertainty well. This is the variable that most affects the ability to pay. At the beginning of the month, the first vice president and minister of Economic Affairs and Digital Transformation. Nadia Calviño, that , requests to adhere to the code of good practices had been since January. Regarding this figure, the Director of Supervision of the Bank of Spain. Mercedes Olano, has that it is a “very marginal” figure, and that the institution the number to be much higher. After reading this article, we are very in knowing what your opinion is about the Bank of Spain’s monitoring of the entities regarding the mortgage agreement.
