- 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 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 various measures put in place by the Government to help those families whose crisis has prevented them from continuing to face their mortgage payments. The extension 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 expected that this number will increase after the extension of beneficiaries included in the Royal Decree of Second Chance.
With regard to 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 up in viable debt restructuring, in 3,843 cases the dation in payment was agreed with the consequent extinction of the debt and in 6 cases there were removals, 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 rent.
Throughout 2014, the data show a significant increase in the families benefited by the CBP. Of the 22,998 applications 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, which meant extending and flexibilizing protection tools. Predictably these figures will increase in the coming months because the Second Chance RDL approved by the Council of Ministers on February 27 has expanded the scope of the CBP to extend the group of potential beneficiaries.
Specifically, the annual family income limit has been increased to three times the IPREM (Public Multiple Income Indicator). Until now it was calculated for 12 payments and now it will be made for 14, which goes from 19,170.39 euros to 22,365.42 euros in 2015. The cases of special vulnerability are also extended, to include those over 60 years. In addition, the price limit for the acquisition of real estate that may benefit from the CBP has been raised up to 300,000 euros (250,000 euros for the payment date). The definitive non-application of the land clauses has also been established if there are any for debtors protected by the CBP. Finally, the period of suspension of launches on habitual dwellings of especially vulnerable groups has been extended until 2017.
