Mortgages 2019: the innovations that await us

Approved July 25, 2018 on the Official Gazette General Series number 172 the decree-law 2018 which has extended the deadlines set to benefit from the suspension of the loan .

Let’s find out the news on the loan contained in the decree-law 2018.

Suspended mortgage: new decree-law 2018

mortgage loan

This is one of the many extensions expected by Italian families in economic difficulty: the law decree allows extending the mortgage repayment plan, for families and small and medium-sized enterprises in economic difficulty.

Individuals who meet certain requirements can benefit from the possibility to suspend payment of loan installments until the end of 2020 .

Thanks to an agreement signed between the Ministry of the Treasury, the Ministry of Economic Development, the Association of Italian Banks (ABI) and the Association of Business and Consumer Representatives, the suspension of mortgage payment payments was maintained.

The legislative decree contained in the law Decree 2018 is very clear and provides for the possibility for Italian families in financial difficulties to suspend payment of the principal amount only, but not for the interest, which will continue to accrue over time from 2018 to 2020.

Suspension of the loan: necessary requirements

mortgage loan

With the suspension of the loan, the fulfillment of the assumed obligation can be suspended for a maximum of 12 months .

The person who has signed the loan agreement and is in financial difficulty, can submit a request to suspend the payment of the loan installments directly to the bank that adhered to the Convention.

In order to take advantage of the suspension, you must meet certain requirements: the reduction in working hours for a period of at least 30 days and the loss of a job during the last two years.

In addition, the suspension can also be used in cases of: premature death of the underwriter of the loan agreement and a condition of severe handicap or non self-sufficiency.

In addition to these subjective requirements, other objective requirements such as:

  • I see income not exceeding 30,000 euros
  • loan amount not exceeding € 250,000 for the purchase of a non-luxury property used as a principal residence.

Leave a Reply

Your email address will not be published. Required fields are marked *