The Government has agreed on a new extraordinary package of measures that comes into force. GET INFORMED FOR FREE Mortgage aid requirements The government aid package is aimed at people with a mortgage with two basic requirements : It must be about a habitual residence . The home must be valued at less than €300,000 . The recipients of the measures are divided into three family unit profiles that will enjoy aid to different extents. We explain them to you below. Families with incomes of less than who spend more than 50% of their monthly income on a mortgage These families can enjoy the following benefits : Request a 2-year grace period. Pay a lower interest rate during the grace period. Extend the mortgage up to 7 years.
Families with incomes of less than €29,400, with a mortgage burden
of 30% of their monthly income and who have suffered an increase of more than 20% in payments The benefits for this group are the following: Freeze installments for 12 months. Change from variable rate to fixed rate. Extend the term of the mortgage up to 7 years. Don’t you know how the Senegal Phone Number List Euribor is going to affect your mortgage ? Before reviewing your loan, we recommend that you read our article on the forecast for. Euribor forecast in Are variable mortgages going to rise? Which banks have joined the aid? At the moment, not all banks have communicated their participation in this government aid package.
More help for mortgages
This package of measures is independent of other subsidies , such as those of the State Plan for access to housin, which includes aid for housing rental, subsidization of agreed loans and the promotion of conservation, improvement Brazilian phone number database of security and accessibility in housing. To do this, you will be interested in reading our article on how to change your mortgage. Government and banks negotiate mortgage aid after the rate rise I do not meet the requirements for mortgage aid If you are planning to apply for a fixed rate mortgage , you still have many options to turn to.