Liberbank seeks in these negotiations to raise 40% of its weight in the future joint entity and Unicaja not lose too much of 60% .With the threat of a fine of 100,000 euros a day until its entry into force, the Congress of Deputies has given the green light today to the new mortgage law that will regulate an absolutely key market for the national economy. The rule comes to our country almost three years behind the initial term proposed by Brussels to transpose the EU directive on credit contracts for residential real estate and the circumstances have wanted it to be one of the last to be approved by the Government by April 2019 Calendar Spanish. The law was presented for the first time in Congress a year ago and was drafted by the former Minister of Economy of the PP Luis de Guindos to raise consumer protection, although today sees the light with numerous changes incorporated during the Socialist Executive. This process has coincided with scandals such as the ground clauses, the legal chaos generated around the Tax on Documented Legal Acts (AJD) and the eviction drama still very present in society.
April 2019 Calendar Spanish
The regulation comes, thus, with the objective of increasing the protection of the client that seeks to sign a mortgage and solve deficiencies of our system indicated by both the Spanish and European courts. The distribution of expenses between banks and clients at the time of signing a mortgage, the way to assess the creditworthiness of the loan applicants, the commissions that banks can charge and the possibility of canceling the mortgage without paying for it are its main novelties .
“We will do everything possible to complete the transposition in the remainder of the term, since there are still some legal acts,” said the Minister of Economy, April 2019 Calendar Spanish, who has asked to speak at the end of the debate before the final approval of the law and thanked the work of all the parliamentary groups. The House of Representatives has debated and voted today on the amendments introduced by the Senate, but not the bulk of the law, which had already been approved. The Congress has approved amendments such as the extension of term promoted by the popular, which increased to three months the entry into force from the 30 days consencuados in Congress. However, the payment of the Stamp Duty Tax (AJD) has been eliminated in the purchase of the first home, maintaining the initial wording: the bank will pay all the expenses related to the granting of a loan, except for the appraisal of the home.