Spain Real Estate News
Redeeming the mortgage means advancing the payment of the property's mortgage loan. This payment in advance can be total or partial, and in the latter case, it is possible to reduce the instalment or the deadlines. The best time and way to do it not only depends on liquidity. It is essential to consider some aspects before deciding.
...continue reading "Redeem the Mortgage: When is it Convenient?"
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.
...continue reading "Buying a house without a mortgage: what are your options?"
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.
...continue reading "Reasons why the housing market is slowing down"
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.
...continue reading "Five aspects of the nullity of mortgage guarantees"
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.
...continue reading "New mortgage law in Spain: changes and novelties"
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.
...continue reading "Most abusive elements in the contract of a Spanish mortgage"
Sooner or later, after several years of complying with mortgage payments, it is time to finish paying it off. This debt ends, either because all the monthly payments have been paid, or because enough capital has been saved to liquidate the loan in advance. The owner of a property must take a series of steps to formally cancel the mortgage. In this post, we detail the steps you have to take in this procedure. ...continue reading "Guide to cancel your mortgage in Spain"
As a seller, you can find yourself facing the situation of wanting to sell your mortgaged house. Of first it can seem a problem, but the solutions are several. It should be borne in mind that each case has its own needs, in this post we will detail the different circumstances that you may have to face and we will analyze them. ...continue reading "Can I sell a house with the mortgage pending payment?"
A tribunal of the Spanish Supreme court recently ruled that banks, not borrowers should pay the tax incurred by notarising and inscribing a mortgage deed, overturning a previous ruling in the opposite direction. Though apparently good news for borrowers, this ruling has left the highest court in the land at sixes and sevens, and plunged the Spanish mortgage market into confusion, with negative implications for the housing market. ...continue reading "The Spanish Supreme Court will decide who should pay the mortgage tax on November 5"
Up to 50,000 people in Malaga province, and possibly millions across Spain, could be in line for a large refund from lenders on their mortgage payments after a surprise EU ruling. This includes 
many foreign owners with mortgages in Spain and analysts said that payouts could reach four billion euros.
The European Court of Justice (ECJ) in Luxembourg ruled that Spanish banks that had loaned money to homebuyers on variable interest rates were breaking European law when they refused to pass on the savings from the dramatic fall in interest rates after 2009 by enforcing the so-called ...continue reading "Millions of home owners in line for payouts over bank loan abuse"