• The mortgage moratorium has led to the suspension of 27,400 evictions since its launch in 2013
  • The Code of Good Practice (CBP) has provided 42,575 debt restructuring and more than 7,300 payments
  • Home foreclosures have fallen by 64% since the first quarter of 2014
  • Those that affect the usual homes of natural persons are today less than a third of those produced three years ago

Measures for the protection of mortgage debtors have benefited almost 87,000 families since they were launched in 2012. The Code of Good Practice (CBP) has allowed a total of 50,272 beneficiaries (until July 2017) to have restructured Your mortgage debt. In the more than five years of validity of the CBP, 42,575 viable restructuring, 7,324 payment dates and 8 removals have been carried out. For its part, the Social Housing Fund (FSV) has allowed the realization of 9,020 rental agreements (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 objective of addressing the problem of evictions. The CBP was approved in March 2012 with the aim of solving the families with difficulties to face the payment of their mortgage debts, either because they are unemployed or without income. During the last years the group that can take advantage of these measures has been extended and the possibility that debtors whose debt has been executed, remain in their home paying an affordable rent has been included. It is a Code of voluntary adhesion but of obligatory compliance for the banks that subscribe it, at present, the great majority of those that have activity in the sector.

On the other hand, the suspension of the mortgage launches meant in 2013 the immediate stoppage of evictions of those families that 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, meanwhile, allows to attend to those cases in which it has not been possible to avoid eviction, facilitating a reduced price rental.

These measures have helped to 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 affecting housing have been reduced by 64%, according to data from the National Statistics Institute (INE). In addition, foreclosures that affect the usual homes of natural persons 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 experiencing growth above 3% for three years and accumulates a strong job creation.



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