This is how the Code of Good Practices of the Bank of Spain works to protect mortgage holders

This is how the Code of Good Practices of the Bank of Spain works to protect mortgage holders

Although this Thursday the European Central Bank (BCE) has decided to keep the price of money unchanged, interest rates have not stopped rising since July 2022. And it has done so at an unprecedented rate since its creation in 1999: 4.5 percentage points. With these figures, the ECB has decided to leave the main rate … Read more

Fire in Bronx building leaves five people injured

Fire in Bronx building leaves five people injured

Read transcript solano and brings us the report.Ictor: Good afternoon.It was fire that ate at6:30 am, took by surprisethe residents of this buildingwith six floors and manywere preparing to go towork when you callthere they extended to theroof, to the roof of thebuilding and more than 130 arrivedfirefighters to try to suffocatethe flames, the stronghumaredas … Read more

Predicted Trends for the Spanish Real Estate Market: Mortgage Fees to Decrease in 2024

Predicted Trends for the Spanish Real Estate Market: Mortgage Fees to Decrease in 2024

The mortgage has been one of the great nightmares of the Spanish in the last times. And although in the last three months the Euribor has moderated its rise considerably, the reality is that in the new mortgage reviews that are taking place, The fees continue to rise. Less than a month ago, the European … Read more

Pedro Sánchez Presents Economic Commitments in Investiture Debate: VAT Reduction, Public Transportation, and More

Pedro Sánchez Presents Economic Commitments in Investiture Debate: VAT Reduction, Public Transportation, and More

The acting President of the Government and candidate for re-election, Pedro Sánchez, has made a series of economic commitments during his speech in Congress this Wednesday, in the investiture debate. His proposals include reforms in housing, transportation, energy transition and taxes. These are the most notable proposals: The VAT reduction is extended for six months, … Read more

The Anticipation of Becoming a James Bond Villain: Brian Cox’s Story

The Anticipation of Becoming a James Bond Villain: Brian Cox’s Story

The protagonists of ‘Scueession’ (HBO) Any actor who has grown up with the 007 saga, one of the most enduring that cinema has ever produced, has at some point dreamed of giving life to the ingenious James Bond. Whether you are from the generation of Sean Connery, George Moore, Timothy Dalton, Pierce Brosnan or Daniel … Read more

The Increasing Interest in Sareb Properties: A Cost-Effective Option for Homeownership in Castellón

The Increasing Interest in Sareb Properties: A Cost-Effective Option for Homeownership in Castellón

The people of Castellón are becoming interested in knowing and choosing to buy properties in the Asset Management Company from Bank Restructuring (Sareb)better known by its acronym Sareb, specifically: households. And in some cases it is cheaper for them to pay a loan installment for an apartment owned by the so-called bad bank than to … Read more

The Growing Crisis of Home Occupancy in Spain: A Comprehensive Analysis of the Damages and Effects

The Growing Crisis of Home Occupancy in Spain: A Comprehensive Analysis of the Damages and Effects

He occupancy problem continues to grow in Spain. The Platform for People Affected by Squatting estimates that there are more than 100,000 homes usurped throughout the country, including the so-called inquiokupas, who initially rent but whose true objective is to stop paying to stay in the property for free until the desired eviction occurs. Some … Read more

Smallest Increase in Euribor in Over a Year, but Variable Interest Mortgage Payments Still Rising

Smallest Increase in Euribor in Over a Year, but Variable Interest Mortgage Payments Still Rising

He euribor registered the smallest increase in more than a year in October, standing at around 4.16%, but Variable interest mortgage payments will continue to rise, although with less intensity than in previous months. In this way, the main reference for loans with variable interest intended to purchase housing chains two consecutive months of increases. … Read more

Understanding Mortgage Protection with Life Insurance

Understanding Mortgage Protection with Life Insurance

With the persistent rise of the Euribor, the mortgages They have become more expensive in the last 20 months. In this sense, the index review to which 3.7 million loans in Spain are linked translates into a increase in fees. In relation to the update this August, mortgage holders will pay on average 227 euros … Read more

Government Measures and Aid for Mortgage Borrowers Amidst Rising Variable Rates

Government Measures and Aid for Mortgage Borrowers Amidst Rising Variable Rates

He mortgage benchmark of Spain is at the level of 15 years agobefore the outbreak of the financial crisis. As a consequence, the loans mortgage at variable rate are registering a significant increase. In this situation, there are different aids to alleviate the effects of a runaway euribor. Government aid: Code of Good Practices for … Read more