Not all is the differential.

Comentábamos yesterday's war spreads to grant a mortgage, but the war did not end there. The main offerings are in a better position, lengthening of time and facilities to renegotiate the loans of clients who are more suffocated by the letter of the floor.

Advertising for new bids is devastating: narrowing the gap with the Euribor (ING has placed in a minimum of 0.33 points), extending deadlines (BBVA has a BBK to 40 years and goes up to 50 years), possibility to combine fixed rate and variable in different proportions (La Caixa, for example), reducing the monthly payment on the loan, advance payment, or even suspend repayment for a while.

What would happen to the mortgaged beyond its means? What if the Euribor continues to rise, real estate and pay down a mortgage above the velor of the house?

According to the different entities consulted, the idea is to put all the facilities in the world to renegotiate those loans so that they can pay the monthly letters. Also, there are boxes and banks willing to bear the cost of notary and registration in cases where there are scripts that change.

Some sources claim that major institutions, to what is to come, are hardening the criteria for granting mortgages. Criteria which until now were relajadísimos, as has repeatedly denounced the Bank of Spain, reaching extremes of mortgages that account for more than 80% of revenue for the customer.

More info: http://www.elconfidencial.com

(Unrated)

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Written by Carlos Lopez on Sept. 26, 2006 with 2 comments.

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# 1, LUCANERO

September 26, 2006, at 2:50.

Anything as long as people keep getting into the fold. The case is not lower the price of housing, not descend demand and any invention is valid. Anyway, and however much we invent believe that the real estate cycle is coming to an end.

In any case, the more drowned these bankers are more aprobechan. As my grandfather said, bankers are some dogs gorileros, sons of sons of the gorilla and other species necessary to make the crossing.

greetings and be happy.

# 2, rent money

September 26, 2006, at 6:22.

No more lamb than that comes into the fold.

It is absurd to believe that conditions in the property market in Spain are the same as the conditions of our parents and grandparents.

Its currency was the peseta. Ours, the euro. Its economy was the Spanish, to devaluations of the peseta if things got Chung. Ours is not just the economy eurpea, but global companies are going where labor is cheaper, China, India and Brazil have a potential for growth in research and development labor costs ridiculous. The money more income by investing in these countries, above all if they earn if the battle for quality.

Against this background, Spanish bank and boxes are going to the practical, trying to keep property prices in order to continue selling money.

This price level is based on three things:

1 .- The Spanish mentality of owning at any cost.
2 .- The urban widespread corruption in all levels of government: central government, municipalities and autonomous, living on land reclassified, taxes derived from the real estate market, even encourage the purchase with tax breaks that no mistake, they serve to increase demand and raise prices.
3 .- Banks and savings banks, which partners with the appraisers put the price at the floor rather than their real value, but with the intention of selling the largest amount of money to mortgaged. Or rather, not to sell you money, but for rent, as it is revised annually.

1 would not exist without either 2 or 3

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