The agreement signed between the ministry and banks raises portability: the transformation to a fixed rate and variable maturity is only the fourth option. Convention on loans, via the notary fees and reset. Revival in style portability with the abolition of the costs of notary cartel Treasury-banks to reschedule loans. The text of the agreement just signed provides that the operations of the renegotiation of mortgages and portability are exempt from taxes of any kind, and that no longer have to pay notary fees and costs, in whatever capacity required. As for the ability to switch from variable to fixed-rate installment "calmed" is proposed by the agreement as a last option, while the banks undertake, in black and white, to promote all other forms of renegotiation as, indeed, the portability. Moreover, the rate can be calmed lower than that required by the Agreement and the transaction may also include those who were already in arrears on 28 May. Via the notary on subrogation - The text of the issue of portability is therefore very clear: all the operations of the renegotiation of mortgages and portability are exempt from taxes of any kind. The customer can not be charged any administrative costs, including bank charges, resulting rescheduling operations and throughout the remainder of the loan rate also whether any additional final cost nor a notary. An agreement bearing the signature of ABI, and therefore should be applied by all banks. All of the agreement, on the other hand, aims to provide - at last - the maximum information to the customer, not only and not so much on the possibility of acceding to the proposed rate "moderation" but also to use the other options more convenient. Accession to the Convention is not mandatory, but there is no doubt that the decision to join can only have a positive image return. On one side you still offering the best conditions, and the other has a remarkable visibility to the participating banks, which will be part of a list available online. Renegotiating
becomes a right for customers - renegotiation, in fact, becomes a right for all purposes, and therefore the banks will provide to affected customers a transparent, clear and exhaustive information on different choice, namely: - continue to repay the loan in accordance with the amortization schedule under way - banks and brokers to offer a renegotiation of loan terms to be negotiated specifically - the mutual advantage of portability - use the renegotiation of mortgages with the rate calmed - also use more than one of these many opportunities, cumulating in particular installment portability and calmed. interested Loans - Since anyone can choose one of the first three options, the Convention provides that the transition from variable to fixed rate mortgages calmed concerns variable agreements until the May 28, provided for the purchase, construction , renovation of the main. For the main house where the owner or the spouse or relatives within the third degree or second degree relatives by marriage habitually reside. To be eligible to renegotiate the contracts result of shifting, the calculator manufacturer, and those securitized. Ability to access the convention, even for borrowers defaulting on on 28 May compared to previous installments of the loan. Details are - The renegotiation ensures the reduction of rate to maturity after 1 January 2009 to an amount equal to the installment that is obtained by applying the amount and maturity of the loan interest rate as reported the arithmetic average of the rates applied under the contract in 2006. The difference between the amount of the installment due under the original repayment plan and the renegotiation of the installment is debited from an account of funding enhancement. The income, interest, compounded annually, at a rate more favorable to the customer from the one obtained by the IRS to ten years plus, a spread of 0.50 percentage points and that provided by contract, as determined at the time of renegotiation. They are also charged in the account funding accessory any installments due and not paid before May 29, 2008. If interest rates fall to return to the variable - At the end of the original life of the loan will sort it out: If the account is accessory to the debt, the amount is reimbursed by the customer on the basis of rate constants must be equal to the amount of installment resulting from the renegotiation and at the same rate at which the account is set accessory. If rates were to change however and the difference between the amount of the installment due under the original plan that the installment installment is positive, the difference will reduce the amount of funding into account when accessory and if this were to be cleared to resume paying the mortgage is renegotiated with the new variable punched more favorable. made within three months - To raise awareness of the opportunities the banks must send to all subscribers of a loan proposal, written and dated, which are listed explicitly in the various opportunities. The proposal then will report the contents of the offer to renegotiate with installment calmed, and all the elements that allow the borrower to assess the effects of renegotiation in terms of reduction in the rate and possible implications for the duration of the loan as a function of ' evolution interest rates. Acceptance of the proposal ensures the reduction of mortgage payments to be paid from at least the third month following the month of notification of acceptance of that proposal, in respect of mortgage payments falling due after 1 January 2009. Customers will then renegotiate an annual disclosure statement, complete and clear, on the progress of their position, and a total exposure arising from the renegotiation in terms of outstanding debt and balance of the funding enhancement. All banks online - The list of banks that adhere to the Convention will be published on the websites of ABI and ministry where you can find the conditions, even better, offered as a general customer. Will ensure a permanent observatory on the transaction and then made up of representatives of banks, the ministry and consumer associations. Source: Republic.
becomes a right for customers - renegotiation, in fact, becomes a right for all purposes, and therefore the banks will provide to affected customers a transparent, clear and exhaustive information on different choice, namely: - continue to repay the loan in accordance with the amortization schedule under way - banks and brokers to offer a renegotiation of loan terms to be negotiated specifically - the mutual advantage of portability - use the renegotiation of mortgages with the rate calmed - also use more than one of these many opportunities, cumulating in particular installment portability and calmed. interested Loans - Since anyone can choose one of the first three options, the Convention provides that the transition from variable to fixed rate mortgages calmed concerns variable agreements until the May 28, provided for the purchase, construction , renovation of the main. For the main house where the owner or the spouse or relatives within the third degree or second degree relatives by marriage habitually reside. To be eligible to renegotiate the contracts result of shifting, the calculator manufacturer, and those securitized. Ability to access the convention, even for borrowers defaulting on on 28 May compared to previous installments of the loan. Details are - The renegotiation ensures the reduction of rate to maturity after 1 January 2009 to an amount equal to the installment that is obtained by applying the amount and maturity of the loan interest rate as reported the arithmetic average of the rates applied under the contract in 2006. The difference between the amount of the installment due under the original repayment plan and the renegotiation of the installment is debited from an account of funding enhancement. The income, interest, compounded annually, at a rate more favorable to the customer from the one obtained by the IRS to ten years plus, a spread of 0.50 percentage points and that provided by contract, as determined at the time of renegotiation. They are also charged in the account funding accessory any installments due and not paid before May 29, 2008. If interest rates fall to return to the variable - At the end of the original life of the loan will sort it out: If the account is accessory to the debt, the amount is reimbursed by the customer on the basis of rate constants must be equal to the amount of installment resulting from the renegotiation and at the same rate at which the account is set accessory. If rates were to change however and the difference between the amount of the installment due under the original plan that the installment installment is positive, the difference will reduce the amount of funding into account when accessory and if this were to be cleared to resume paying the mortgage is renegotiated with the new variable punched more favorable. made within three months - To raise awareness of the opportunities the banks must send to all subscribers of a loan proposal, written and dated, which are listed explicitly in the various opportunities. The proposal then will report the contents of the offer to renegotiate with installment calmed, and all the elements that allow the borrower to assess the effects of renegotiation in terms of reduction in the rate and possible implications for the duration of the loan as a function of ' evolution interest rates. Acceptance of the proposal ensures the reduction of mortgage payments to be paid from at least the third month following the month of notification of acceptance of that proposal, in respect of mortgage payments falling due after 1 January 2009. Customers will then renegotiate an annual disclosure statement, complete and clear, on the progress of their position, and a total exposure arising from the renegotiation in terms of outstanding debt and balance of the funding enhancement. All banks online - The list of banks that adhere to the Convention will be published on the websites of ABI and ministry where you can find the conditions, even better, offered as a general customer. Will ensure a permanent observatory on the transaction and then made up of representatives of banks, the ministry and consumer associations. Source: Republic.
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