(ANSA) – MILAN, APRIL 13 – The rise in interest rates on mortgages recorded in recent weeks jeopardizes full access by the under 36s to the Prima Casa Guarantee Fund, with the effect of causing “an important stop” ” provision of fixed-rate mortgages to young people who find it difficult to access credit and that the measure contained in the Sostegni Bis Decree was aimed at helping in the purchase of the house.
The alarm is raised by the Facile.it site, which points the finger at one of the requirements for accessing the Prima Casa Guarantee Fund, which provides that the global effective rate (TEG) proposed by banks to young people cannot be higher than the rate average global percentage (TEGM) established on a quarterly basis by the Bank of Italy. “Data in hand – write the experts of Subito.it – the TEGM valid until the end of June is equal to 1.99%, a threshold that has prompted several banks to stop the disbursement of 100% fixed mortgages whose TEG, due to of the ongoing increase in interest rates, they tend to exceed the limit imposed “.
“The law, born as a tool to defend young people, is turning into an obstacle”, explains Ivano Cresto, Managing Director of financial products at Facile.it. “The short circuit arises from the fact that the TEGM in force today was calculated on the basis of the rates referring to the period October-December 2021, when market conditions were significantly lower.”.
In this period, the comparator underlines, the only alternative for young people remains that of 100% variable rate mortgages, where the indices proposed by the banks are still well below the threshold values set by law.
(HANDLE).
Source: Ansa
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