FACUA warns about the problems that he supposes the moratorium of the payment of the mortgages
13.01.2009
The Consumers' Federation in Action (FACUA) has warned recently of the danger that suppose taking refuge to the moratorium of two years in the payment of up to 50 per cent of the mortgage, because this measurement implies a major indebtedness of the families.
A spokesman of the FACUA there is inicado that the measurement bears a high danger for the families that are conproblemas economic because the quantities that would stop being paid would have to be paid in 2011 to a few very high interest rates.
The beneficiaries can postpone the payment of up to 50 per cent of the amount of his quotas of his mortgage loans, with a maximum for 500 monthly euros, between January 1, 2009 and December 31, 2010.
The condition to take refuge in the moratorium is that the mortgage, on habitual housing, has been signed before September 1, 2008 by a value lower than 170.000 euros, a limit ‘too much down’ for Sánchez, who has remembered that the average amount of mortgages signed in some communities, like Basque Country, Balearic Islands, Madrid or Catalonia overcome extensively this quantity.
Any way FACUA warns that the quantities object of the moratorium will have to subscribe from January, 2011 with pay-off periods of 3, 5, 7 or 10 years and with a variable interest rate, which will be the reference of the Institute of Official Credit
Facua shows that the applicable interest is very high, The spokesman of Facua has criticized this measurement because, in his opinion, it is not designed to encourage the saving but the consumption, what will suppose a major indebtedness of the families.
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[...] for the government. Facua has warned in these days what supposes taking refuge in this moratorium, the Consumers' Federation in Action has shown that the quantities that should stop being paid for the moratorium, will have to be paid from January [...]