• Nearly 79,000 debtors at risk of exclusion have benefited from the government's anti-eviction measures

The Code of Good Practice (CBP) has allowed a total of 45,697 families to benefit from a restructuring of their mortgage debt. In the more than five years that the CBP has been in force, 38,595 pending debt restructurings, 7,095 payments in payment and 7 removals have been made. In 2016 as a whole, 14,730 operations have been carried out through CBP, 2% more than the previous year, according to information sent to Congress by the CBP Control Commission. Of this figure, 13,669 operations correspond to debt restructuring and 1,060 to payments in payment.

The CBP, together with the Social Housing Fund (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. In total, 78,798 families have benefited from these measures aimed at groups at risk of exclusion: 45,697 to the CBP, the FSV has allowed the allocation of 9,062 homes (closing 2016) and 24,039 launches have been suspended through the mortgage moratorium (February 2017 ).

According to the information sent to Congress, there is a reduction in requests for debt restructuring through the CBP in correlation with the boost of the Spanish economy. In total, in the second half of 2016, 9,239 applications were received, compared to 17,306 in the first half. Of these, 5,223 operations have been carried out, of which 4,806 have been debt restructuring and in 417 cases, payment in kind.

The Autonomous Communities that registered the highest number of requests in the last semester of the year were Andalusia, Catalonia and the Valencian Community. Debtors in these regions have made the most use of CBP since 2015. The average interest rate on loans from applicant families stood at 2.13% compared to 2.98% in the first half of 2015 and the debt tranche in which most applicants are located is between 100,000 and 150,000 euros.

The CBP was signed in March 2012 with practically all the entities with mortgage activity in Spain, up to 93 today. The Government promoted this Code of voluntary adherence but of mandatory compliance for two years for the signatory entities. The objective is to provide solutions to families with difficulties in facing the payment of their mortgage debts, either because they are unemployed or without income.

The mortgage debtors included in the scope of protection of the Royal Decree-law are the holders of loans or credits with a mortgage guarantee, who encounter difficulties in coping with the payments of their loans, since the members of their family unit do not they have income derived from work or economic activities and the fees to be paid exceed 50% or 40% of their income. The Royal Decree-Law foresees that they can request a restructuring of their debt, a reduction of the same so as to reduce the amount of their installments or, ultimately, deliver the house, canceling the debt.

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