Gradually, more and more banks are joining the initiative to alleviate the rise in the Euribor, this time it was ING that approved the institution’s adhesion to the New Code of Good Practices published in Royal Decree Law 19/2022 of 22 November, which aims to ease the hike in interest rates on prime home mortgages, as reported on Monday.
With this adhesion, the bank explained that it intends to support the most vulnerable customers or those at risk of vulnerability due to the increase in the Euribor.
The Code of Good Practices establishes a series of measures to protect the mortgage debtor, as well as to strengthen the financial inclusion of the general population and the most vulnerable social groups.
With this decision, ING joins other Spanish entities that have announced their adherence to this Code to ease the financial burden of households with interest rate mortgages.
variable on habitual residence.
Customers who find themselves in a situation of vulnerability or economic difficulty can request the novation of their mortgage loan from the moment the adhesion takes effect by the General Secretariat of the Treasury and International Finance and until December 31, 2024, according to reported by the institution.
