The Bank may not charge any Commission for this concept from the sixth year of the credit customer, that you can negotiate better conditions
Do I move my current mortgage to variable interest at a fixed rate?
The cost of amortizing advance a mortgage or any loan real estate is cheaper, even those already signed, and allow that, in general, from the sixth year the financial institution not copper Commission for this concept to consumer, According to a draft Bill which the Ministry of the economy has put out to public consultation until next 15 September.
En caso de refund or repayment anticipada total o parcial de un préstamo inmobiliario en los cinco primeros años de vida del crédito, el consumidor podrá tener que pagar a Commission of up to a 0,25% refunded capitalahead of time or the amount of the financial loss that the lender may suffer.
If depreciation occurs, However, in the first three years of the entry into force of the loan, the limit is maintained in the 0,50% que opera en la actualidad para los cinco primeros años de la vida del crédito.
From the fifth year, the legislation sets a limit of the 0,25% y en el anteproyecto de ley la comisión es cero desde el sexto año, so the best news for consumers will come thereafter, When is paves the way to thousands of mortgage, both current and future, as set out in the draft law regulating the contracts of real estate credit of the Ministry of economy.
In any case, If the client agrees better conditions, These will be those that apply, as it is the case at present.
El fin de la comisión de amortización a partir del sexto año It is one of the main innovations of the draft of law regulating real estate credit agreements.
With this procedure, el Ministerio de Economía trata de avanzar en la incorporation of a directive European cuyo plazo de trasposición concluyó el 21 March of 2016 and just have built half a dozen of countries.
Otra de las novedades es que el texto ofrece al consumidor the right to change the currency of reference of your loan, regulate the advisory functions and is “prohibit” the sales related, but that will not prevent that they can continue to exist as a way of lowering the funding, whenever loans are offered separately at market conditions or approval has been expressed of the Bank of Spain.
In addition, con la idea of avoiding the mistakes of the past, la nueva regulación establecerá límites a la política retributiva employees of banks or any other borrower firm, that means that there can be no incentives by the number of commercial mortgages.
Finally, el texto pretende improve the requirements of experience and knowledge that lenders must have o intermediarios de entidades, and it even makes it compulsory to have specific training, that directive requires starting from 2019.
Todos ellos estarán supervisados o por las propias autonomous communities, or in the case that its scope goes beyond a region or in the case of a credit institution, directamente por el Bank of Spain.
Read more: http://www.elmundo.es/economia/2016/07/27/5798a15cca4741c21e8b46c9.html