Blogs and advice from Industry leading Specialists
Valuable Opinions, Comments & Gossip
Financial related News & Articles relating to Spain
Latest News, Stories
& Hot Topics
Various Tools & Widgets to help with your financial needs
Tools & Widgets to
help with finances
Polls, Surveys and Opinions featured throughout Tumbit
Featured Polls, Surveys & Stats
Discussions, Advice & Topical Chat
Discussions, Advice & Topical Chat

Santander offer relief for mortgage loans

Source: El Pais - Thu 28th Jul 2011

Yesterday Santander announced that as of 1st August it will offer a moratorium on home loan repayments for a period of up to three years for those who have lost a minimum of 25% of the income of their household due to unemployment or salary cuts.

Existing clients who take advantage of this will still have to pay the interest on their mortgages during this period.

The term that the loan was unpaid for will then run from the date that the loan was originally set to mature.

Santander CEO Alfredo Sáenz, who made the announcement at the presentation of the bank's results, said it "will be a great relief" for those who are struggling to manage their finances.

Comment on this Story

 
Be the first to comment on this Story !!

Related Partners

Recommended Items

Related Articles

Related Blogs