• The Code of Good Practice has been applied in 16,500 cases since it was launched in mid-2012
  • More than 12,600 families managed to restructure the debt and almost 4,000 extinguished it through the payment in payment
  • 13,000 launches have been paralyzed and in 2,000 cases the social rent of the Social Housing Fund has been accessed

More than 31,500 families have benefited from the different measures put in place by the Government to help those families who have been prevented by the crisis from continuing to meet their mortgage payments. The expansion of the groups likely to benefit from these mechanisms -the Code of Good Practices (CBP), the Social Housing Fund (FSV) and the suspension of launches- in addition to improvements in management and greater knowledge of them has boosted its use. It is foreseeable that this number will increase after the expansion of beneficiaries included in the Royal Decree of Second Chance.

Regarding the Code of Good Practice (CBP) and since it was launched in mid-2012, 37,416 applications have been registered for its application. Of these, 12,650 ended in viable debt restructuring, in 3,843 cases the payment was agreed with the consequent extinction of the debt and in 6 cases there were cancellations, in total 16,499 families benefited. In addition, in this period 13,000 launches have been paralyzed and nearly 2,000 families have benefited from a social rental.

Throughout 2014 the data shows a significant increase in families benefiting from CBP. Of the 22,998 requests received, in 9,728 cases the debt restructuring was agreed (275% more than in 2013) and there were 2,829 payments in payment (215% more than in 2013).

The progressive better reception of the measures included in the CBP is explained by the improvements introduced in Law 1/2013 of May 14 that meant expanding and making protection tools more flexible. Predictably these figures will increase in the coming months because the RDL of Second Chance approved by the Council of Ministers on February 27 has expanded the scope of the CBP to extend the group of possible beneficiaries.

Specifically, the annual family income limit has been increased to three times the IPREM (Multiple Income Public Indicator). Until now it was calculated for 12 payments and now it will be done for 14, which goes from 19,170.39 euros to 22,365.42 euros in 2015. The assumptions of special vulnerability are also expanded, to include those over 60 years of age. In addition, the limit on the acquisition price of the properties that may benefit from the CBP has been raised to 300,000 euros (250,000 euros for the dation in payment). The final inapplication of the floor clauses has also been established, if any, for the debtors protected by the CBP. Lastly, the period for suspending launches on the usual homes of particularly vulnerable groups has been extended until 2017.

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