We had already spoken about the initiative of Zopa.com to facilitate the loans between persons. Since it seems that with the crisis this business type is growing to forced marches. As we see in The today Country, Cripple in the United Kingdom it is growing to a rhythm of 100 % a month.

We remember that Zopa.com, at the moment, it is not free everywhere, although similar companies are appearing in different countries. In Spain, this Comunitae in gestation period and he announces to begin his activity for the second trimester of this year. For the time being, on his web page it is already possible to consult information about his functioning.

The Euribor goes down and goes down and many families see his quota reduced in up to 300€. Nevertheless, another the majority of the mortgages they include in the contracts a clause for which there limit themselves the effects of the fall of the Euribor, the called “clause I occur rarely”. Namely for much that the Euribor lowers, establishes a minimal interest that the entity will receive and that is usually in 2 % and 3 %, although cases happen of up to 4,5 %.

Apparently, these clauses I 'occur rarely' and 'roof' (the last one limits also the change in the interest rate, but in this case to the rise) they are legal and negotiable, and they are applied by many entities, but not by all. Also, not all the banks apply it in all the cases, so to know if our contract has this clause we will have to read the writing or wonder it to our bank straight.

This is the list of banks and savings banks that collaborate already with the ICO in the postponement of the mortgages. The list is updated as more entities are joining and on the page of the ICO it is possible to consult the updated list. Also you can consult the requisites to choose to this postponement of the mortgage.

BBVA
BANKING MARCH
BANKING PUEYO
BANCAJA
BANK CAIXA GERAL
SPANISH COOPERATIVE BANK
BANK OF SABADELL
BANK OF VALENCIA
GALICIAN BANK
BANK OF GUIPÚZCOA
BANK SHEPHERD
SPANISH POPULAR BANK
BANK OF ANDALUSIA
BANESTO
BANKINTER
BANKOA
BBK
CAIXA CATALUNYA
CAIXA OF AFORROS OF VIGO, OURENSE AND PONTEVEDRA - CAIXANOVA
CAIXA REGIONAL D'ESTALVIS OF MANLLEU
CAIXA D'ESTALVIS OF MANRESA
CAIXA D'ESTALVIS OF SABADELL
CAIXA D'ESTALVIS OF TARRAGONA
CAIXA D'ESTALVIS OF THE PENEDES
CAIXA D'ESTALVIS LAIETANA
CAIXA GIRONA
RURAL CAIXA TORRENT, COOP.VALENCIANAS
CAIXATERRASA
BOX AH. GUADALAJARA
BOX BURGOS
BOX STOOD OUT LAND-BANK (REQUENA)
BOX OF AH. OF SANTANDER AND CANTABRIA
BOX OF AH. AND M.P. OF GIPUZKOA AND SAN SEBASTIAN - KUTXA
BOX OF AH. AND M.P. OF THE BALEARICS, BOX OF BALEARICS “SA NOSTRA”
BOX OF AH. AND M.P. OF THE CATHOLIC CIRCLE OF WORKERS OF BURGOS
BOX OF AH.DE CASTILE THE SPOT
BOX OF AH.DE GALICIA-CAIXA GALLICIA
SAVINGS BANK OF ASTURIAS
SAVINGS BANK OF LA RIOJA
SAVINGS BANK OF MURCIA
SAVINGS BANK OF ONTINYENT
SAVINGS BANK OF VITORIA AND VITAL ALAVA-CAJA KUTXA
IMMACULATE SAVINGS BANK
BOX OF AVILA
BOX SPAIN OF INVESTMENTS
GENERAL BOX OF SAVINGS OF CANARIES
SELECT BOX
INSULAR BOX OF AH. OF CANARIES
LABOR BOX
ARAGONESE LAND-BANK AND OF THE PYRENEES - MULTIBOX
CENTRAL LAND-BANK
LAND-BANK OF ARAGON
LAND-BANK OF ASTURIAS
LAND-BANK OF BURGOS
LAND-BANK OF CANARIES
LAND-BANK OF CIUDAD REAL
LAND-BANK OF CORDOVA
LAND-BANK OF EXTREMADURA
LAND-BANK OF GRANADA, SCC.
LAND-BANK OF JAEN, BARCELONA AND MADRID
LAND-BANK OF NAVARRE, SCC.
LAND-BANK OF SORIA
LAND-BANK OF TERUEL, SCC.
LAND-BANK OF TOLEDO, S.COOP. OF CREDIT
LAND-BANK OF ZAMORA, COOP.DE CREDIT
LAND-BANK OF THE SOUTH
CAJAMADRID
CAJAMAR
CAJANAVARRA
CAJASIETE
CAJASOL, M.P. AND BOX OF AH. SAN FERNANDO OF HUELVA, SHERRY AND SEVILLE
CAJASUR
IBERCAJA
IPAR RURAL KUTXA
THE CAIXA
M.P. AND GENERAL BOX OF SAVINGS OF BADAJOZ
RURALCAJA
SANTANDER
UNICAJA

Leopoldo Abadía, 75 years, Engineer, ex-teacher of Accounting policy of the IESE during 31 years and president of Group Sonnenfeld, explains what it calls “the crisis ninja” in the Buenafuente program.

Everything started when one day proposed to write a dictionary that should the same one to understand the crisis of the mortgages suboccupy first place. This materialized in the article “The Crisis Ninja”, which you can unload here in format.pdf and in the blog that there created one of his children, where it keeps the dictionary and the updated article. His way of expressing itself is so clear and direct, and such a flat and simple used language that economists, teachers, gurus of different hair and condition, journalists and different financial analysts do not hesitate to appeal to his article when they have to explain the current financial crisis.

We recommend the reading of the article, it has no waste.

If there was still some doubt, The Avant-garde does the test and goes away in search of a mortgage for Barcelona for three days. Of twelve requests of mortgage loan, nine were pushed back and only three admitted ones to study, but no raisin for the filter of the commissions of risk.

It is clear that the criteria have hardened for the authorization of a loan. Not only there are born much in mind the guarantees that the clients offer, also there is putting itself a lot of emphasis on the level of indebtedness that they can assume. In Catalonia it has lowered 32 % the mortgages authorization.

The government has already approved between his measured anticrises the postponement of the payment of half of the quotas of the mortgage (with a 500€ limit) for three years for stopped with familiar charges. The state will move forward across the ICO this money to the entities that want to collaborate with this measurement.

Let's see in detail what are the requisites to be able to gain access to this measurement:

• To have the mortgage signed before September 1, 2008.
• To be a worker for foreign account and to be unemployed or to lose the work before January 1, 2010.
• To be autonomous that has stopped his work or that credits losses that reduce his benefit up to three times the Public Indicator of Effects of Multiple Revenue (IPREM), which is in 516 euros.
• To be a 'widowhood pensioner with familiar charges.
• The mortgage you cannot overcome 170.000 euros.
• The loan has to be for habitual housing or the first housing.
• The maximum limit that will be left of paying will be 500 euros a month.
• The loan will be left of paying from January 1, 2009 and the moratorium will be possible for 24 months, until December, 2010.
• From March, 2012 it will have to begin to pay the quantity that has been postponed, by means of a proportional distribution distributed between monthly salaries, in a maximum period of 15 years.

To remember also another important measurement approved by the government: the moratorium of two years in the execution of the Account Housing. The term to buy the housing is extended in two years, happening from four to six years, although the tax benefits are not applied on this extension of two years.

In this linkage to the page of the ICO it is quite explained. And here there is the list updated of all the entities that already have agreement with the ICO to realize the postponements.

Update: On February 6, 2009, with the new period approved by the government.

We are already in the middle of the crisis that so much saw to come and there does not stay other one that to bear the pull. Here a series of advices goes that, although known by all, it is convenient to compile in the same article to be able to put them into practice and manage to bear the soaker until the sun goes out again … that it will go out.

1. It reduces the energy consumption: it controls the use of the heating or air conditioning. It uses bulbs of low consumption. Use efficient domestic appliances with the energy class tag A and put the dishwasher and the washer when they are full. Care with the “stand by” of the television, the dvd or the music center, extinguish them completely. It controls the water consumption, every day is more expensive.

2. In the car of the buy: do a shopping list before going out of house. He makes use of the offers 2×1 and all kinds of offers. He chooses for white marks, you can save up to 30 %. Cook more and forget the meal to domicile or meal to go. He buys period products, they are cheaper. Do the buy after eating, with famine we buy more.

3. In the car: he shares car to go to work or uses the public transport. He drives in an efficient way to save fuel: it uses long marches, checks the pressure of the tires every month, avoids starters and sudden sudden brakings and respects the established maximum speed. It takes the bike or veto walking in the short trajectories, your health also will be grateful for it.

4. It leaves the credit cards at home: it can become a too big temptation. He always pays with cash, with the card it seems that the money is never finished. He cancels the credit cards that you do not use, they are charging from you for them.

5. It saves: destine a monthly quantity to save and put it every month in an account I save or in the safe, but it separates a fixed quantity every month.

6. He stops smoking: it makes the most of the opportunity to stop smoking. You can save yourself more than 600€ a year, a quota of the mortgage.

7. Remain at home: if you are going to consume salt more and everything will be more expensive. He organizes dinners in your house with the friends. Remain to see a peli or a series. He is useful to read more or enters Internet, almost everything is free and you have the whole entertainment to your scope.

8. He avoids the superfluous expenses: care with the mobile. He considers to dismiss you of the digital television or for cable, with the TDT you already have enough. It controls the expense in clothes and watches the small daily expenses.

9. It checks your financial situation: he remembers that the limit guaranteed by holder and account is of 100.000€. It renegotiates the commissions of your accounts, cards, etc. If you have free money amortize the debts that you have, first the personal credits and then the mortgage. Care with the urgent credits and the rapid money. It checks the due date and renegotiates also the insurances of the hearth, car, life, etc.

10. And we leave the last one for you. So, already you know, if someone occurs to you more share it with all in the comments.

The world crisis, and his origin in the mortgages suboccupies first place, explained in humor key in the English humorous program “The Last Laugh”. The sad thing is that they do a very good and truthful history of the events. If it was not for the serious of the problem, the fact is that it is to break of laugh.

The best the end:

- “Is it possible to avoid the crisis?”
- “It is possible to avoid if the governments and central banks return to the speculators the money that we lost”

Finally. We had already spoken about the dangerous thing that could prove to come to the called financial intermediaries or companies of reunification of loans. The scandalous thing was that these companies could act without the suitable regulation that was making the consumers unprotected.

Since, finally, they have already started working and the Government has approved a project of law that regulates the authorization of credits and of mortgage loans for companies that are not financial institutions, as well as the services of intermediation or debt reunification.

There go the most interesting points of this project of law:

• Possibility that the consumer could desist in 14 days, since all the precontractual information will have to be sent to the consumer fifteen days before the formalization of the operation.

• Creation of a state public record of not financial companies dedicated to credit activities.

• Major trasparencia in the tariffs and commissions. It will have to facilitate of detailed form information of “any type of expense” related to the operation.

• Contracts “in writing and with a certain minimal content”. There spread also not financial operators the requirements relative to the public writing for the formalization of mortgage credits.

The veranito is already here and it is necessary to try to take a vacation with the economic crisis squashing to most of the hearths and the unstoppable increase of the Euribor that 5,43 % already reaches. The only thing that we can put on our part is to try to save in holidays and to extract the biggest yield to our silver. Although it it seems, to 'save' and to 'enjoy' are not antonyms, it is necessary only to continue a few simple advices.

How can we save in holidays? Since we have the basic option to mate to relatives or friends who live in the beach. To look for an apartment to be able to buy in supermarkets instead of in restaurants. Also we can go from camping to a cheap hotel: many times it spends that the best holidays are not those that we stick to any luxury; to be in a camping forces us to get up early and to make use a lot of more of the time outdoors and to be in contact with the nature.

But, for when all this fails … there 8 advices go to save in holidays:

1. Sign up already to receive e-mails with offers on pages like atrapalo.com, rumbo.es, lastminute.com, muchoviaje.com or in any web of offers of trips.
2. It uses searchers of cheap flights like vuelosbaratos.es and trabber.com
3. It glides with advance to try to obtain offers and discounts.
4. If you can, travel in months of dead season or between week that is cheaper than the weekends.
5. It compiles information of the webs and tourist information offices of the places to which you think to travel. It is sure that they will speak to you about discounts, offers or cheap activities.
6. If we do not obtain offers with advance, waiting until the last days to catch an offer of last hour. Of course, we will have to be electric cords and throw ourselves to the adventure in destinations that perhaps we did not have in mind, but: this precisely can be the entertaining thing!
7. He considers to hire an insurance, it is possible that in the long run it makes you save a lot of money.
8. He always reads the small letter of any product that you hire, there are not going to be expenses or commissions not foreseen in the showy big letters of the offers.

Do you have any advice that you works and you would like recommending the others? Do it in the comments.

And to spend it well!