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portability mortgage

"It's a victory for the unity of the groups who initially interpreted the art. 8 of Law 40/2007 in the sense of no cost to the portability of mortgages." This is the comment by Antonio Longo, Chairman of the Defense of the Citizen Movement (MDC) with the decisions today by the Executive Committee of the ABI, with regard to the portability of loans, namely the recommendation to member banks in the event of a takeover of mortgage costs and penalties for the extinction anticipated to take charge of the bank takes over. "We held out in front of the objections of ABI - Longo continues to MDC - and now comes the positive result. We are confident that now the banks can not escape that, which is not only a "recommendation" ABI Executive unanimously, but also an interpretation shared by the Ministry of Economic Development, which has always been clear in this regard. After the notaries who have done their part to make the procedure easier portability, the banks now finally open to the market. It's just - concluded the President of the Movement of the Citizen Defense - a bank that wants to earn our customers offering the underwriters of mortgage portability at no cost, which means to bear any penalty, the costs of the transfer of the mortgage and activation of the new mortgage. We also hope that it triggers a mechanism for healthy competition, always in favor of the customer, with a general willingness to renegotiate the loans from the bank of belonging "(IMGPress)

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find the most convenient conditions, longer duration and change the type of interest rates. These are the reasons that are pushing more and more Italians to replace their mortgage.

the eve of the Governing Council of the European Central Bank (ECB), which is expected by the economic and financial community should leave interest rates still at 4% (the last increase in the cost of money goes back to June), continues to take the bench in Italy the theme of "mutual dear." One issue that is holding apprehension throughout the country, major homegrown instructions, such as the Italian Banking Association and the Bank of Italy, banks and associations in consumer protection.

This situation has worsened, not only to increases in the wake of the last two years of the ECB, but also because of growing fears about the credit crisis erupted in the United States this summer, and triggered by subprime mortgages, or those at high risk.

Many have decided to run for cover, facing the problem with the "destruction" mortgages. A trend that is literally spreading in Italy. In September 2007, the substitutions accounting for 15% of the total market, figures more than doubled over 2006 when they were 6%, as reported by the Centre of Mutuionline.it.

A trend was also highlighted by ING Direct: "In 2007 we experienced a real boom in requests for replacement, which reached a total of 50 000 quota in just over a year of life of the product - according to a note - it is In fact, since early this year that focus about 74% of the total requests for "destruction", arriving two-thirds of the daily requirements, often exceeding those of the buyer.
"We believe that the practice of the renegotiation, already established abroad, there will increasingly also in Italy," commented Mr. According to the institute, the growth of this trend is that investors today are increasingly aware and more informed about market opportunities, thanks to the internet, an important tool for transparent debate on the best market opportunities. (finanzaonline.com)