Almost half of the mortgage loans overcome 100 % of the value of appraisal
11.04.2006
According to V National Study of Realtors prepared by the Union of Real estate Credits (UCI), practically half of the buyers of housing who ask at present for a mortgage loan needs a financing over 100 %. This fact supposes an important increase with regard to 2002, when this percentage was located only in 28 %.
This work indicates as well as the required average percentage of financing is located in 92,9 % opposite to 87,3 % four-year ago-old. In spite of it, the percentage of clients who needs financing is, with 76,97 % practically identical to the observed one in the previous study.
The general manager of UCI, Roberto Colomer, highlighted that, against what they reflect these numbers, there does not exist risk of financing or of indebtedness for the Spanish families, not even before increases of the interest rates. For it, according to Colomer, the messages that transmit some entities and organisms on the excessive indebtedness of the families and that advise to the banking institutions to be more cautious at the time of granting credits, “they do not answer to the reality” of the Spanish case.
Source: consumer.es
Comments
Something on that to comment?
