150th Anniversary of the Spanish Mortgage Law

This month, the 150th anniversary of the 1861 Spanish Mortgage Law was celebrated. This law established the position of the registrar in Spain. The event that took place in the headquarters of the Land Registry was led by H.M. the King Juan Carlos of Spain. The...

Conclusions by Spain’s Family Finance Watch

Studies by the Observatorio de la Financiación Familiar -Spain’s Family Finance Watch- have concluded that 30% of the foreclosures in Spain could have been avoided, had the affected owners engaged in a debt consolidation package. Actually, it shows that 71% of...

Knowing the reverse Mortgage

The range of financial products offered by banks and similar institutions grows wider every day. That is why we have set ourselves to explain them, one per week. Today, we will talk about the reverse mortgage, which will allow us to complement a retirement plan with...

Euribor increases in October 2010

The Euribor rate –main Spanish mortgages reference index- closes October 1,495%. This is a slight increase compared to the rate in September 2010, which was 1.420%. This information has been issued by Banco de Espana, the National Spanish Bank. While mortgages...

Mortgage approvals rate declines again

The Spanish National Statistics Institute –INE– reports that the interannual rate of approved mortgages registered a decrease of 6.8% in July 2010, totalling 55,570 deals closed. The INE also points out that the amount of mortgaged properties increased in...