{"id":36169,"date":"2021-06-15T00:00:00","date_gmt":"2021-06-14T22:00:00","guid":{"rendered":"https:\/\/aebanca.es\/actualidad\/te-interesa\/articulos\/interview-with-jose-luis-martinez-in-efpas-financial-advisors-magazine\/"},"modified":"2026-04-09T12:44:46","modified_gmt":"2026-04-09T10:44:46","slug":"interview-with-jose-luis-martinez-in-efpas-financial-advisors-magazine","status":"publish","type":"articulos","link":"https:\/\/aebanca.es\/en\/actualidad\/te-interesa\/articulos\/interview-with-jose-luis-martinez-in-efpas-financial-advisors-magazine\/","title":{"rendered":"Interview with Jos\u00e9 Luis Mart\u00ednez in EFPA’s Financial Advisors magazine"},"content":{"rendered":"

Mortgages: where we come from and where we are going…<\/strong><\/p>\n

“The financial sector is key to economic recovery. Having strong, resilient banks is an essential condition to guarantee sustained growth over time.” This is how Jos\u00e9 Luis Mart\u00ednez Campuzano, spokesperson for the Spanish Banking Association, emphasizes the role that financial institutions play in a country’s economic growth and the role they will play in reactivating our economy after the pandemic. <\/p>\n

Mortgage loans account for more than 80% of banks’ real estate financing<\/strong><\/p>\n

“Mortgages are 40 years old. It was in 1981 when the Mortgage Market Law was created, establishing the legal framework that has enabled the creation of a home purchase loan market that has worked very well\u2014highly transparent, dynamic, and with high volume. The Spanish mortgage market has enabled more than 80% of families to own their homes, one of the highest percentages in Europe, under very favorable financial conditions. The Spanish mortgage market is undoubtedly one of the best in Europe and offers enormous opportunities for families and banks.”<\/p>\n

Next Generation Funds<\/strong><\/p>\n

The importance of housing rehabilitation could increase in the future due to both greater climate awareness among authorities, banks, and families, and the boost from European funds.<\/p>\n

“Buildings in Spain consume between 30% and 40% of total energy and emit 30% of greenhouse gases. Rehabilitation has become one of the European Union’s sustainability objectives. Within the European Recovery Funds, there is an allocation of 6,000 million euros\u2014which could even increase\u2014earmarked for the rehabilitation and regeneration of buildings, and here public-private collaboration will be essential.” Jos\u00e9 Luis Mart\u00ednez Campuzano, spokesperson for the Spanish Banking Association, further explains that these funds will be key to improving our production model, our competitiveness, and to steering our economy toward a more sustainable and digital model. It will also be crucial to simultaneously address structural reforms aimed in that direction. <\/p>\n

Transparency and responsibility are the key principles guiding banks in their financing policy<\/strong><\/p>\n

The banks’ commitment is to offer all possible options so that customers can decide which mortgage best suits their needs, always under the pillars of transparency and responsibility. “Before the financial crisis, the average term of mortgage loans was around 28\/29 years. Now it has been reduced to below 24 years. These are very long financing terms. The conditions of that financing? They are and will be very favorable due to high competition and transparency. The banks’ commitment and obligation is to offer a wide range of options to the customer. Financing conditions will be favorable due to high competition, legal certainty, and high transparency.” <\/p>\n

<\/strong>Mortgages: fixed rate or variable rate?<\/strong><\/p>\n

More than half of the mortgages contracted are at fixed rates, and this is understandable because we have negative real rates. Behind this is families’ high risk perception, which for long terms choose certainty and stability in their monthly payments. <\/p>\n

Regarding mortgage delinquency, Jos\u00e9 Luis Mart\u00ednez Campuzano recalls that in the previous crisis it remained fairly stable, and now, in this crisis resulting from the coronavirus pandemic, it has not increased so far either. The non-performing loan ratio for real estate loans stands at around 3.5%. “Mortgage delinquency has remained stable during this COVID crisis; we will see what happens in June and July with the end of the moratoriums. Even so, Spanish families always tend to meet their commitments to the bank, and banks offer liquidity and flexibility to customers.” Institutions have also prepared themselves, and the level of provisions made has been very significant during 2020, more than double the European average. <\/p>\n

<\/strong>Fintech, Bigtech, and new bank platforms: more competition and the same regulation and supervision<\/strong><\/p>\n

“Digitalization has opened up competition even further, with many banks having created their own platforms that compete with bigtech and fintech. It is vital that risks are identified and that everyone operates under the same supervision and regulation. This is key to protecting customers, strengthening financial stability, and ensuring competition.”<\/p>\n

In summary, and as emphasized by Jos\u00e9 Luis Mart\u00ednez Campuzano, spokesperson and communications director of the Spanish Banking Association, we have a mortgage market that fulfills the objective of financing home purchases for the largest possible number of families. A highly competitive mortgage market, with robust institutions operating in an environment of high legal certainty and transparency. The banking sector’s commitment is to offer a wide range of mortgage financing products so that customers can choose in an environment of high competition, legal certainty, and transparency. <\/p>\n

Download the interview conducted by Susana Criado<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

The financial sector is key to economic recovery. Having strong, resilient banks is an essential condition to guarantee sustained growth over time. This is how Jos\u00e9 Luis Mart\u00ednez Campuzano, spokesperson for the Spanish Banking Association, emphasizes the role that financial institutions play in a country’s economic growth and the role they will play in reactivating our economy after the pandemic. <\/p>\n","protected":false},"featured_media":36171,"parent":0,"template":"","etiquetas":[323,312],"class_list":["post-36169","articulos","type-articulos","status-publish","has-post-thumbnail","hentry","etiquetas-hipotecas","etiquetas-jose-luis-martinez"],"yoast_head":"\nInterview with Jos\u00e9 Luis Mart\u00ednez in EFPA's Financial Advisors magazine<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/aebanca.es\/en\/actualidad\/te-interesa\/articulos\/interview-with-jose-luis-martinez-in-efpas-financial-advisors-magazine\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Interview with Jos\u00e9 Luis Mart\u00ednez in EFPA's Financial Advisors magazine\" \/>\n<meta property=\"og:description\" content=\"The financial sector is key to economic recovery. 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