12 Jan 2018

NEW LAW FOR MORTGAGES


Expected entry into force: 1st semester 2018

Short 3 points summary:

- Greater clarity for the client

- Fewer commissions

 -Harmonization with European Regulations

Conclusion:

The new law should favour clients who obtain mortgages, however, it is possible that the practice may favour banks even more. Until the law is applied in 2018, we prefer to think that it will be favourable to both parties.

 


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