The law establishes that banks will be charged with all mortgage expenses (notary, registry and management) except for the appraisal of the property, which consumers will continue to pay May 2019 Calendar PDF. In addition, the entities will pay the AJD tax. This will mean an increase in costs for the entities, which could lead them to transfer it to the client in the interest rate of the loan or requiring them to be more closely linked. The fact that while the law affects all these expenses to the bank, the supervisors require the banks to transfer all the costs to the client so that the financing they give is profitable in an environment of low profitability.
May 2019 Calendar PDF
The new law extends to 12 the unpaid installments or to 3% of the principal capital loaned in the first half of the life of the loan, and to 15 installments or 7% in the second half of the loan. Financial sources explain, however, that this will not have a great impact in practice because now the entities are waiting more than three months before acting. In addition, an additional provision is established so that the new early termination clause does not affect the embargoes currently suspended and pending resolutions of the Court of Justice of the European Union.
The mortgage reform does not include the obligatory nature of the May 2019 Calendar PDF in payment, as claimed . However, it does reflect the obligation to include contractual information, “where appropriate, the option of the debtor to be able to give in payment the mortgaged property as collateral for the loan, with a releasing nature of the total debt derived from it”. That is, it is an option that can be used if agreed by the bank and the client. Soil clauses are eliminated with the aim that the client can benefit from falls of the Euribor although, yes, the law clarifies that the minimum interest charged by the bank will be 0% and never negative no matter how much the reference rate falls.