Mortgages, the "rate cut" plan: lengthening the duration, subrogation or restructuring (with an Isee limit of 45 thousand euros)
The high mortgage rate and the rules to be reviewed
Countering the high mortgage rate by reselling the rules to support families in difficulty in paying the installments. After the memorandum of July 9 to extend the duration of variable-rate mortgages for those who are up-to-date with the installment payments, the ABI relaunches by proposing a series of interventions for those who have late payments. The ABI has issued a circular letter to promote the adoption by its members of measures in favor of families with variable-rate mortgages without a cap "in order to mitigate the impacts of the increase in interest rates on the amount of the installments". The president of ABI, Antonio Patuelli, says: «We are working with the Ministry of Economy to find possibilities for expanding the measures which are not only of lengthening, they are also of renegotiation or subrogation, all possible within the strict rules that the European banking authority, the EBA, continues to impose us». So here are the main changes.
Jul 19, 2023
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