Loan requests down 17% cng financialJanuary 30, 2021 Off By Montero Theo
The Crif Barometer recorded in February 2012 a reduction of 17% in the demand for loans from Italians compared to February 2011. It is the most negative data of the last two years which, added to the decrease in mortgage applications, contributes to present a not very comforting scenario as regards the possibility of accessing credit.
Analyzing the loans granted, it is also observed that the amount of the loan has also decreased, about 70% of the finalized loans is below 5,000 euros, as regards personal loans, about 60% are recorded in the range of amounts between 5,000 and 20,000 euros.
Another fact to pay attention to is the purpose of the loan. From a survey conducted by the site loans.it on its users, it is recorded that 33% declare that they need liquidity,
about 17% require a loan to buy a used car, about 12% need a loan to renovate their home.
The need for liquidity has become a need for many families for consolidation, ie to pay off debts already incurred.
Euribor down: the installment is lowered cng financial
The Euribor has been falling for a few weeks: the rate of variable rate mortgages is therefore lowered accordingly.
An interesting article by Sole24Ore sheds light on the subject and offers interesting scenarios.
On April 16, 2012, the value of the 3-month Euribor is 0.75%, while the one-month Euribor is 0.41% (you can check the updated value of the Euribor and other base rates by clicking here) .
These are the lowest values in a year now. In fact, in June 2010, both rates were above the 1% threshold. Values have embarked on an inexorable decline following fears about the Eurozone crisis. According to some estimates, those who have subscribed to a variable of 150 thousand euros at 25 years will pay around 50 euros less per month.
It should be noted that, according to experts, such a low Euribor is to be considered an anomaly, but, according to the index futures, even the Euribor will drop by a further 0.10 points by September 2012.
But how should those who already have a mortgage, or who intend to take out one, behave?
Those who have a fixed-rate mortgage, clearly, have not had any decrease in the installment, but can evaluate whether it is convenient to make a subrogation and switch to the variable one.
Clearly, the spread that is imposed must be carefully evaluated: if the variable rate is similar to the fixed one, it is not worth it.
Those who have a variable rate mortgage can keep it tight and, perhaps, take the opportunity to save a little something to reuse when rates go up.
Those who have to take out a mortgage, on the other hand, must still carefully evaluate all the offers and check whether, when the Euribor is lowered, an increase in the spread that the banks impose is not paid. In this case, in fact, all the advantages of such a low Euribor would be lost.
In any case, for those who are indebted at a variable rate for the next few years, it is necessary to keep in mind, in terms of the sustainability of the installment, that they will have to take into account a rate of at least 2-3% higher than today’s. We must never forget what happened in 2007-08 and that will continue to happen cyclically, that is the possibility that, due to very high Euribor rates, many people find themselves unable to pay the installment of a variable rate mortgage. Evaluate well and choose with awareness!
Mortgages, requests fell in February cng financial
According to the findings of EURISC, CRIF’s Credit Information System, in February the loan applications were halved. While the crisis we are experiencing has led banks to grant mortgages with great difficulty, it should also be noted that families are giving up on requesting them.
Assofin, points out that the offers of mortgages from banks have decreased, in January there was a decrease of 56.6% in the disbursements of money on an annual basis.
The Crif Barometer shows a -48% of mortgage applications compared to the same period of the previous year.
A series of surrounding conditions, such as high interest rates and a global scenario governed by uncertainty, continue to record the lowest average mortgage amount in the last five years, around 130,000 euros.
Also for January 2012 EUISC had released a data on mortgages that was not very reassuring, -44%, but the dizzying growth of the spread that made it cheaper to take out new mortgages than those contracted is a brake for families to borrow.
In the final analysis, it should be noted that the offer of inexpensive fixed-rate mortgages has caused many consumers to migrate towards the variable rate.
Wear: the wear rate thresholds valid from April 2012 cng financial
The Ministry of Economy and Finance has announced, with a publication in the Official Gazette no. 77 of 31 March, the new average global interest rates pursuant to usury law 108 of 1996.
The new usury thresholds entered into force on April 1, 2012 and will remain valid until June 30, 2012 and will apply to real estate and instrumental leasing, mortgages and loans and all other major credit access operations.
What changes compared to the previous quarter?
Making comparisons with respect to the previous quarter, we observe an increase in the rate threshold for mortgages: fixed rate mortgages go from 9.85% to 9.93%, variable rate mortgages go from 8.28% to 8.57%.
On the other hand, the rates of finalized loans are falling: there is a passage from 16.97% to 16.56% for finalized loans with amounts exceeding 5,000 euros and a rate that goes from 19.15% to 19.06% for the less than 5,000 euros.
Rates for personal loans also rose, passing from 18.15% to 18.25%.
For personal current accounts, it goes from 17.75% to 17.58% for amounts up to € 5,000 and a fairly steep step for amounts above € 5,000: it goes from 15.63% to 15.81%.
State property cng financial
What is the state property? Who owns the state property?
State property is the set of assets that belong to a state.
The Italian Civil Code (art. 822 and following) establishes that the state property consists of lidos, beaches, ports, rivers, streams, lakes. Works intended for national defense are also public property.
If they belong to the state, roads, highways, railways, airfields, aqueducts are also part of the public domain.
Real estate recognized as being of artistic, historical, archaeological or ethno-anthropological interest in accordance with the relevant laws is included in the state property. The collections of museums, art galleries, archives and libraries also belong to the State.
Some assets may also belong to regions, provinces or municipalities (in this case we speak of regional, provincial or municipal state property). Even in this case, however, the assets are subject to the state property regime.
The assets of the public domain are inalienable. They cannot be sold (except by virtue of a specific new law) and cannot be the subject of rights in favor of third parties, except in the ways and within the limits established by law. At most there may be state-owned concessions and temporary authorizations to occupy state-owned areas.
Public use is exercised on state property, i.e. the community can enjoy the benefits directly (as in the case of beaches or museums) or indirectly (in the case of ports or airports).
• Euribor rates 03 January 2013
• Loans to companies in the Aosta Valley: Where to look?
• Euribor 3 months forecast – Updated on 02 January 2013