Again we echo criticism about the adequacy of our current mortgage model, which will be discussed at the next plenary session following questions from the parliamentary groups of ERC, BNG and IU, having abstained from previous votes amendment demanding the PNV and CIU, and voting against both the PSOE and the PP, even when Esperanza Aguirre Gil de Viedma , President of the PP in Madrid, has spoken publicly against our mortgage current model, in an act of political honesty, accurate knowledge of the problem and personal courage.
We have detailed in the past the details of our mortgage system *, and causes it to be unfair and even less beneficial to our national economy just would like here, once again, summarizing the arguments of defense who did not consider it appropriate that this model mortgage exists, to avoid misrepresentation of our arguments that serve as excuse for those who arrogate to themselves the defense of the current model.
- Mortgage Our current model is based on the application of Article 1911 of the Civil Code, the mortgage loan, which specifies that " of obligations responde el deudor con todos sus bienes, presentes y futuros” .
- Este atropello, (que el New York Times calificó de "condena de por vida"), se debe a la falta de coherencia en las tasaciones hipotecarias que los Bancos y Cajas de Ahorro llevan a cabo para la concesión de los préstamos hipotecarios. Los posibles desfases entre el valor de tasación y el valor en caso de ejecución hipotecaria, se pretenden salvar con el embargo subsiguiente de todos los bienes del cliente . Sabido es que el valor de los inmuebles en España, pese a que habitualmente se venga diciendo lo contrario, es bastante estable y conservador, y que en los casos de crisis del sector, there has never fallen below the value of mortgages granted, slightly above the worst cases. Therefore, theft is a real permitted by law, the award of the property executed by the Bank by 50% of its appraised value, it is not supported by any existing data on the reduction of housing prices in Spain .
- The 90% of the mortgages in Spain have floating rates , something that only happens in our country.
- The stability of our mortgage system in crisis like the present, should be ensured by two actions:
1 .- The right appraisal of the property being mortgage by financial institutions and the proper allocation of the percentage of the loan based on the profile economic contracting.
2 .- Hiring Unpaid Insurance be when the mortgage.
is totally false the two previous requirements involve:
a) A more expensive loans significant mortgage, because on one hand, the best study of the value of property for purposes of borrowing prevents overheating ** industry price, and contracting of default insurance is not new in our system, where currently required to subject the various insurance contracts as a condition to form the mortgage.
b) a restriction mortgage loans, based on the above. We reiterate that the hypothetical part of the assessment that the insurance do not cover it does not put a significant reduction in the percentage of the mortgage loan provided that the valuation of it is done rationally and not oversized as has been done to date.
The refusal of the Socialist Workers Party English to change the existing mortgage model ( is understood that no retroactive ) only benefits the financial institutions. Meanwhile, thousands of families are sentenced to life in a situation of economic crisis and rising unemployment, to pay an infinite debt while they have lost their homes in the middle of what is really worth. And this is intolerable.
MBQ Group
*: http://mbqgroup.blogspot.com/2011/02/es-necesario-modificar-nuestro-modelo.html
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