Articles in the mortgages Category
euribor, lawyer, legal advice, mortgages, property law »
About a month ago, the European Court of Justice (ECJ) ruling caused a great stir among Spanish media. This court judgment has been originated from a preliminary ruling handed down by the Mercantil Court nº 3 of Barcelona, as a result of the mortgage foreclosure procedure between an individual and La Caixa Bank. This preliminary ruling intends to clarify if Spanish legislation complies with the consumer protection requirements regulated by the European Directive 93/13/ECC. This Directive was approved to ensure consumers’ protection against their disadvantageous position with respect to a …
legal advice, mortgages, New building declaration, New sales, PREVENTION, property law, Stamp Duty, taxes »
I would like to update you about some new measures carried out by the Junta de Andalucía, containing many reforms in the different existing taxes (not exactly to re-boost the current market situation…).
Concerning those interesting, we will focus on the Stamp Duty (A.J.D.), a tax applied to those public acts formalized on public documents to be registered in the different Public Registry offices with an economic amount (e.g. new property sales, new building declarations, or a mortgage deeds, among any others).
So, last week, the 19th of June, the Junta of …
derecho hipotecario, euribor, hipoteca, mortgages »
GRAN INCREMENTO EN LA DEMANDA DE HIPOTECAS INVERSAS
Según un informe publicado por la consultora Optima Mayores, la demanda de hipotecas inversas ha crecido un 17% hasta abril en relación con el mismo cuatrimestre del año anterior, con unas 19.900 solicitudes.
Este incremento de la demanda de hipotecas inversas responde a la creciente necesidad de los jubilados de obtener ingresos, y al cada vez mayor conocimiento de este producto en España, donde se introdujo en 2004. Las pensiones de los jubilados españoles son en general un 40% más baja que la media …
derecho hipotecario, euribor, Headline, hipoteca, Inmobiliario, intereses, mortgages, Property law, property law »
Lifetime Mortgage (reverse mortgage)
According to the report published by “Optima Mayores” Advisers, the demand of lifetime mortgages has increased to 17% (19,900 applications) until April in comparison to last year same four-month period.
This increase in the lifetime mortgage demand matches the senior citizens’ growing needs to obtain an income and the better knowledge of this product in Spain, where it was first launched in 2004. Spanish Senior citizens’ pensions are at 40% below the European average, what indicates their necessity to face their retirement financing with a peace of mind. …
conveyancing, euribor, Headline, interest, judgment, mortgages, Property law »
On the 30 September 2010, Court no. 2 of Seville gave judgment declaring the “floor clause” introduced by the respondent entities Spanish bank BBVA, Saving Banks Cajamar and Caja de Ahorros de Galicia in the mortgage loan deeds formalised with them abusive and therefore null and void, for considering that the minimum threshold interest rates set by them are abusive and detrimental for the consumer.
Although the judgment has been appealed by the three financial entities mentioned, the Court has ordered the provisional application of the resolution. Therefore, as from …