They would cover people up to 35 years of age and families with incomes of less than 37,800 euros per year. The aid will be for the purchase of the first home. The cost will be 0 euros for the beneficiaries, and it can be requested until December 31, 2025, with the possibility of being … Read more
Housing has become for weeks one of the main electoral drivers of the municipal and regional pre-campaign. The agreement to unblock the first democratic housing law in Congress was the first step on a path that has led the Prime Minister, Pedro Sánchez, to star in numerous announcements on this matter in recent days. Among … Read more
The Minister for Transport, Mobility and the Urban Agenda, Raquel Sánchez, responded this Monday to criticism from United We Can about the creation of a line of guarantees through the Official Credit Institute (ICO) to guarantee 20% of the mortgage of a first, and he explained that this measure should be understood “as an articulation … Read more
Saturday, May 6, 2023, 11:28 p.m. comment copy link WhatsApp Facebook Twitter LinkedIn Telegram Can the financial institution charge you a commission for opening a mortgage loan? Is it mandatory to pay the bank for the opening of a mortgage? Who assumes the payment for opening a mortgage loan file? There are many doubts that … Read more
Taoiseach Leo Varadkar has suggested the reintroduction of mortgage interest relief in this year’s budget, in a move that is likely to face significant opposition within the government. Officials in the Department of Finance are expected to resist the measure, as are Finance Minister Michael McGrath and Minister for Public Expenditure Paschal Donohoe. Nonetheless, there … Read more
If what he intended European Central Bank with the rise in interest rates was to curb the demand for credits and mortgages On the part of companies and households (as an intermediate step to reduce demand and inflation), it seems that it is achieving its objective, and with flying colors. The banks are hardening their … Read more
Mortgage rates have been steadily on the rise over the last year as central banks grapple with high inflation. Despite a gradual decline, inflation remains stubbornly high, prompting another expected increase in the European Central Bank (ECB) refinancing rate. Currently at 3.5%, the rate that affects tracker mortgages is expected to climb to 4% this … Read more
In order for the bank to find out how far the client’s creditworthiness is, or will continue to be in the future, and the amount and regularity of the installments will not be a problem for him, he is primarily interested in his income, or the income of the entire household as well as household … Read more
According to the Banking & Payments Federation Ireland (BPFI), remortgaging and mortgage switching activity experienced a significant year-on-year drop of 54.4% in March. This decline was due to a slowdown in the market caused by rising interest rates. In addition to this, the value of remortgage and switching activity also fell by 53.1% compared to … Read more
The mixed rate mortgage has become the queen of mortgage market to the detriment of the fixed mortgage and also surpassing the variable. This is shown by the data collected by the mortgage comparator iSavings in his latest analysis of the Spanish mortgage market during the first quarter of 2023. This trend, which was already … Read more