Now, with the Euribor booming and already registering positive daily values again (it reached 0.005% this Tuesday, April 12, 2022), mortgage conditions will tighten, especially for those future owners with a more adjusted profile and who they need more financing from the entity or an even longer term to be able to repay the mortgage loan. The reason? “Now the greatest fear that banks have is that there will be a considerable increase in delinquency levels,” explains the director of Mortgages at iAhorro, Simone Colombelli. And it is that it is necessary to take into account that an average mortgage in Spain has a duration of about 24 years, according to the National Institute of Statistics (INE), although there are loans that could even be around 40 years.
For this reason, the spokesperson for the mortgage comparator already anticipated at the beginning of the year, when the trend of the Euribor seemed to change, that “a solvent person will surely now have even better conditions when requesting a mortgage because the bank will want it As a client, yes or yes, but those who are fairer in terms of financing or who have unstable employment contracts will be affected by much stricter conditions on the part of the bank”. And, precisely, this worsening of conditions could affect the links.
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