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The Government will extend mortgage aid to income of up to 37,800 euros

Date: September 28, 2023 Time: 11:05:35

The Government will extend to measured income, up to 37,800 euros, mortgage aid for both vulnerable families and middle-class households at risk of vulnerability. Until now the limit to be able to obtain this protection was 29,400 euros. The President of the Government, Pedro Sánchez, and the First Vice President, Nadia Calviño, announced this Wednesday in the framework of a dialogue organized by the PSOE within the pre-campaign events for the general elections on July 23.

The objective of the Executive is that families in this situation can extend the duration of their credit by seven years, which in an average mortgage would translate into savings of around 300 euros per month and 3,600 per year, according to calculations by the company itself. Calvin. In addition, the possibility that households can freeze the quota will be considered.

In December 2022, the Council of Ministers gave the green light to a package of measures aimed at the families most affected by the rise in Euribor, the reference rate for the vast majority of variable-rate mortgages in our country, due to the rate hike applied by the European Central Bank to curb inflation. The Government had originally foreseen that more than a million households could have this protection (around a third of those who have contracted variable-rate mortgage loans).

Pedro Sánchez and Nadia Calviño have set themselves the challenge for the next Legislature to achieve full employment, for which they aspire to reduce the structural unemployment rate to 8%, as well as to halve youth unemployment (which in May stood at 28.4%, according to Eurostat) and long-term. “Our objective for the next Legislature must be to achieve full employment”, Calviño assured, although he has made it clear that in order to achieve these objectives the Government intends to reach a new agreement with the social agents and also rely on investments and reforms of the Recovery, Transformation and Resilience Plan.

For this and if they revalidate the Government, the Socialists intend to promote the training, qualification and requalification of workers and will work through, even Artificial Intelligence, in order to improve the system of adjustment between supply and demand for employment. The Minister for Economic Affairs has pointed out that the social agents are aligned with this objective. Calvino has also pointed out the need to continue promoting self-employment.

Puck Henry
Puck Henry
Puck Henry is an editor for ePrimefeed covering all types of news.
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