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Published on 3 Comments on Buying a house without a mortgage: what are your options?
Comprar casa sin hipoteca cuales son tus opciones - Buying a house without a mortgage: what are your options?

Bank interest rates have broken historic lows in recent months. However, the increasing demands of banks and the expenses associated with mortgage loans are pushing more and more buyers to consider the possibility of buying a house without a mortgage.

This option has significant advantages. On the one hand, we avoid commissions and expenses associated with bank financing. On the other, it's a time-saver, as we won't need to carry out all the necessary procedures to obtain and sign the mortgage. And, finally, it is easier to negotiate conditions with the seller and make a profit.

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Published on 3 Comments on Reasons why the housing market is slowing down
casas madera miniatura flecha roja abajo 72572 906 1 - Reasons why the housing market is slowing down

The price of housing no longer grows as before. The bulky double-digit increments have long since been abandoned. In addition to this contraction, other fundamental market indicators, such as mortgages and sales, are registering a different evolution, moving from the negative to the positive terrain or vice versa from one month to another. The confluence of internal and external factors is making a dent in the sector.

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Published on Leave a comment on Five aspects of the nullity of mortgage guarantees
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Endorsing a mortgaged person is a really important commitment. Do not forget that, in the event of non-payment of the loan, respond with your present and future assets. Under normal conditions, the guarantor cannot lose anything to fear, but the crisis of a few years ago showed us that a person may be responding to his debt one day and losing his job and staying in the street the next day, having lost his home and that of the guarantor, in addition to having this to continue paying. In this post, we detail issues such as when the endorsement would disappear and when they might have no doubts.

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Published on Leave a comment on New mortgage law in Spain: changes and novelties
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On Sunday, June 16, the new mortgage law in Spain entered into force, obliging the entities to assume the expenses of notary, agency and registry, among others. This will save the client an average of between € 500 and € 1000. In this post, we detail everything you need to know about the new mortgage law.

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Published on Leave a comment on Most abusive elements in the contract of a Spanish mortgage
empresario firma contrato detras de modelo arquitectonico de casa 2379 1670 2 - Most abusive elements in the contract of a Spanish mortgage

It is common to find mortgage loans signed a few years ago that is at the same time referenced to the IRPH, contain floor clauses and the obligation to pay all the formalization expenses. In this post, we detail the most abusive elements in a mortgage contract and where they are located.

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