Mortgages. Rate suspended thanks to the Solidarity Fund

Up to eighteen months on the sidelines. Here are the requirements to submit an application

Rome - November 16, 2010 - Helping low-income families and struggling with the mortgage. It finally became operational on the Solidarity Fund of the State yesterday in the bank allows you to submit an application for suspension of payments, but only under certain conditions.

The facility is who reimburse at least a year for the first home mortgage not exceeding two hundred and fifty thousand euro and in family economic situation indicator (ISEE) not more than thirty thousand euro. It must also use one of the following conditions set by the government:

- Loss of job;

-The death of a family that received at least 30% of their income;

-Medical expenses of at least five thousand euro;

-Restructuring charges, maintenance or adjustment of the house at least five thousand euro;

-Increase the mortgage payments on variable rate by 25% if the rates are half or 20% if monthly.

The suspension may be asked twice and a total of more than eighteen months. Interest during this period is paid by the Solidarity Fund, but remains with the spread of the casino loan, ie the gain on each installment of the bank. The precise conditions and application forms are available at the Treasury Department, www.dt.tesoro.it.

The Solidarity Fund is now available for twenty million euro, which finished the end, even the facilities. This does not concern those who have already obtained the suspension of payments from your bank under the "Family Plan" in February triggered by the Italian Banking.

Meanwhile, the consumer association Codacons rejected the Solidarity Fund. "The conditions are too restrictive, Regulation and 'an insult will affect a small portion of 530 000 households would need to suspend your mortgage payments. Even - Codacons-estimated the number will be lower than the 31 000 who have managed to suspend the moratorium by Abi. "