Behind the rise in housing prices and the constant increases in the housing index euribormortgaged families have been needing urgent relief for some time now when it comes to paying their mortgage. Finally, it seems that This break will come in 2024.
The change in mortgages that will arrive in 2024
Nadia Calvino, First Vice President and Minister of Economy, has announced together with the banking associations AEB and CECA the extension of the free change from variable to fixed mortgage. This will also serve to cchange from variable rate mortgages to mixed rate mortgages. In this way, and with the new threshold, 100,000 more families will be able to receive relief on their mortgage after the continuous increases in the Euribor.
New average income threshold
The Spanish financial entities met last Monday with the minister to analyze the extension to the average income of the mortgage relief measures applied to the most vulnerable familiesthose that charge incomes of less than 29,400 euros per year.
Related news
With this extension, the Government seeks to ensure that families with incomes considered average, up to 37,800 euros per year, can also access the package of measures launched last year to Help debtors cope with rising interest rates of variable mortgages.
Additional measures
Among these measures is, in addition to the free change from variable interest mortgages to fixed interest mortgages, the possibility of extending the life of the loan up to 7 years o la de freeze fees for one yearas well as the possibility of free early repayment of the loan.
2023-12-27 13:58:29
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