Skip to content

New mortgage law

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"

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.

...continue reading "Most abusive elements in the contract of a Spanish mortgage"

Guide to cancel mortgage in Spain

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"

empresario firma contrato detras de modelo arquitectonico de casa 2379 1670 - Can I sell a house with the mortgage pending payment?

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?"

gavel 3577254 960 720 - The Spanish Supreme Court will decide who should pay the mortgage tax on November 5

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"