Drowned by the Euribor: "My mortgage payment has risen more than 50%"

The unprecedented rise in the Euribor, which is close to 3%, threatens to bankrupt the economy of households with a variable-rate mortgage, which 70% of those mortgaged in Spain have contracted.

NewsEditor
NewsEditor
21 November 2022 Monday 21:37
1 Reads
Drowned by the Euribor: "My mortgage payment has risen more than 50%"

The unprecedented rise in the Euribor, which is close to 3%, threatens to bankrupt the economy of households with a variable-rate mortgage, which 70% of those mortgaged in Spain have contracted. While waiting for the banks and the Government to specify measures to avoid a wave of evictions, concern is growing about how to face the new mortgage loan installments.

This is the case of José Luis Herrero, a mortgagee from Abrera (Barcelona) who is looking for a way to prevent his loan from increasing from one month to the next from 605 to 980 euros. "It is an increase in quotas of more than 50%, something difficult to assume," he explains on the Bolsillo podcast. While Isabel Pons (ADICAE) explores the options that consumers suffocated by the Euribor have to get ahead and the Economy journalist Eduardo Magallón analyzes the current mortgage offer.

You can also listen and subscribe to the "Pocket" podcast through audio platforms such as Spotify, Podtail, Google podcast or Apple Podcast.

If you want to contact La Vanguardia's "Pocket" team to participate in future podcasts or suggest a question about finances of your interest, you can send an email to bolsillo@lavanguardia.es.

Comments

Warning!

You have to login for comment. If you are not a member? Register now.

Login Sign Up