- The mortgage moratorium has led to the suspension of 27,400 evictions since it was launched in 2013
- The Code of Good Practice (CBP) has facilitated 42,575 debt restructurings and more than 7,300 payments in payment
- Started home foreclosures have fallen 64% since the first quarter of 2014
- Those that affect the regular homes of individuals are today less than a third of those that occurred three years ago
The measures for the protection of mortgage debtors have benefited almost 87,000 families since it was launched in 2012. The Code of Good Practice (CBP) has allowed a total of 50,272 beneficiaries (as of July 2017) to have carried out a restructuring of your mortgage debt. In the more than five years that the CBP has been in force, 42,575 viable restructurings, 7,324 payments in payment and 8 removals have been carried out. For its part, the Social Housing Fund (FSV) has allowed the execution of 9,020 rental contracts (December 2016) and the mortgage moratorium has led to the suspension of 27,400 evictions (until September 2017).
The CBP, together with the FSV and the suspension of mortgage launches, is part of the set of measures promoted by the Executive since the beginning of the X Legislature with the aim of facing the problem of evictions. The CBP was approved in March 2012 with the aim of providing solutions to families with difficulties in coping with the payment of their mortgage debts, either because they are unemployed or without income. In recent years, the group that can take advantage of these measures has been expanded and the possibility has been included that debtors whose debt has been executed, stay at their home paying affordable rent. It is a Code of voluntary adherence but of mandatory compliance for the banks that sign it, at present, the vast majority of those that have activity in the sector.
On the other hand, the suspension of the mortgage launches in 2013 meant the immediate cessation of evictions of those families who were in a situation of special vulnerability. The Government has recently promoted the extension of this measure until 2020 in the Congress of Deputies and has expanded the criteria to include the maximum number of vulnerable debtors. The FSV, for its part, allows to attend to those cases in which eviction could not be avoided, facilitating a reduced price rental.
These measures have helped alleviate the social problem of evictions since the beginning of the last legislature, in the most acute phase of the crisis. Foreclosures have fallen 58% compared to the first quarter of 2014 and those that affect housing have decreased 64%, according to data from the National Statistics Institute (INE). Furthermore, foreclosures affecting the homes of individuals are today less than a third of those that occurred three years ago. This reduction is explained, in addition to the measures put in place by the Government, by the robust recovery of the Spanish economy, which has been growing for more than 3% for three years and which has accumulated strong job creation.
