The President of the Republic has promulgated the Government Diploma that establishes the measure of temporary fixation of credit contracts for the acquisition or construction of permanent housing and strengthens extraordinary measures and support in the context of housing credits.
On September 21, the Council of Ministers approved a decree-law establishing an exceptional temporary fixing measure that “makes it possible to reduce and stabilize the installment paid by mortgage borrowers for a period of two years.”
According to the statement of the Council of Ministers, “borrowers of credit contracts for the purchase or construction of permanent owner-occupied housing, as well as work on permanent owner-occupied housing, guaranteed by a mortgage (with variable interest rates) will now be able to determine the revision of the repayment , whereby the respective value is determined at the value resulting from the application of the index and corresponding to 70% of the Euribor at 6 months, plus the contractually provided ‘spread’, with the other conditions of the credit contract remaining unchanged”.
According to the government, “the difference between the installment that would be due under the terms of the contract and the installment resulting from the now scheduled determination will be paid later and may be written off in advance, without any commission or costs to the borrower.”
The Council of Ministers also approved another legal decree “which broadens the scope and simplifies the requirements for access to support for the provision of credit contracts”.
Source: DN
