The crisis is felt. The increasing precariousness and, proportionately, there is a growing opportunity for borrowers to lose their jobs. To cope with the economic crisis that is putting at risk the ability of families to support the weight of loans, born dele facilities for families.
After Unicredit, the Montepaschi Group launch, from the beginning of new year, a program that allows borrowers to suspend the payment of installments due in 2009, at no additional administrative or notary.
Who will benefit from this course?
All families who have a mortgage for the purchase and renovation of the first house with Banca Monte dei Paschi at Siena, Banca Toscana and Banca Antonveneta and highlighting difficulties in paying the installments.
In addition, borrowers will have another choice: you can opt for a solution that provides for the payment of only part of the interest rate on expiring in 2009. The Montepaschi Group reserves the right to evaluate the possibility to extend this program to families who are in arrears of installments.
The crisis offers no respite:
“The policies adopted - says Carlo Pileri, president of adoc - have damaged the public and consumers have to pay them. The expenditure of households with an average income has declined over the last year, by 2-3%. The crisis in consumption affects not only the secondary and luxury goods but also the primary goods, especially food and catering, and the fall in consumption of Christmas is a further testimony to the hardship experienced by families. “
admin Mortgages adoc, Carlo Pileri, Monte dei Paschi
Mutual is a “typical”, which is planned and regulated by law: it is governed by articles 1813 and following of the Civil Code. This contract is usually a “consideration”.
This means that the loan is associated with a cost, or interest. These are proportional to the size of the loan and its duration. A guarantee of reimbursement is requested registration of mortgage in favor of the bank, meaning that he may reclaim the property in case of insolvency.
When we talk about mortgage, often referring to a loan granted for the purchase, construction or renovation of a building (usually the main dwelling). The reimbursement rate is done with regular (once or twice a month). Generally the interest on outstanding debt may be fixed or variable, giving rise to different types of loan.
The Banca Monte dei Paschi in Siena, founded in 1472 as the mountain of mercy to give help to the disadvantaged classes of the people of Siena, is the oldest bank in the world and is currently the third Italian banking group: the group Monte dei Paschi in Siena (or Group MPS).
The bank offers a range of mortgages for all needs, from a mortgage designed for young couples who buy the first house, for temporary workers and many other solutions.
During the conclusion of the contract between the two parties is this third person of the utmost importance, the notary, which aims to ensure a balance of contract, making clearer the rights and obligations of those involved. Often, the notary is chosen by the person who contracted the debt because the amount of the plot that the trader will be playing against him.
admin Mortgages Monte dei Paschi, notary, the loan for the first house