THE LAW RELATING TO REMORTGAGES

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This topic contains 13 replies, has 6 voices, and was last updated by Profile photo of Anonymous Anonymous 6 years, 8 months ago.

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  • #55481
    Profile photo of Anonymous
    Anonymous
    Participant

    I Understand that in order to help mortgage holders a law was passed which either allowed to make reduce taxes or no taxes on transfer of a mortgage.

  • #97507
    Profile photo of Anonymous
    Anonymous
    Participant

    Is this a question or a statement?

  • #97508
    Profile photo of Anonymous
    Anonymous
    Participant

    I understand that you should never eat yellow coloured snow.

  • #97509
    Profile photo of Anonymous
    Anonymous
    Participant

    I think there’s a lot of yellow snow eaten in Spain by the amount of people taking the p*ss!

  • #97510
    Profile photo of Anonymous
    Anonymous
    Participant

    @goodstich44 wrote:

    I think there’s a lot of yellow snow eaten in Spain by the amount of people taking the p*ss!

    Probably due to bad advice from property agents/developers and given credence by the justice system.

  • #97511
    Profile photo of Anonymous
    Anonymous
    Participant

    All these statements are true, but I don’t see how they connect. What has yellow-coloured snow got to do with the new mortgage law? Am I being thick?

  • #97512
    Profile photo of katy
    katy
    Spectator

    I must be thick too. I thought Shakeel wanted a bit of information 🙄

    Shakeel, I think I read somewhere about a year ago that people could change their mortgage terms without cost. I don’t have links to it.

  • #97513
    Profile photo of Anonymous
    Anonymous
    Participant

    Sorry Mark, was trying to be ironic. Somehow that intention seems to have been somewhat off.

  • #97516
    Profile photo of Anonymous
    Anonymous
    Participant

    Sorry mark that was a question???.

  • #97518
    Profile photo of Anonymous
    Anonymous
    Participant

    Katy, you are right I need this link or the law in question.

  • #97521
    Profile photo of Anonymous
    Anonymous
    Participant

    Any comments on this please ?

  • #97522
    Profile photo of katy
    katy
    Spectator

    http://www.parasaber.com/hogar/buscar-casa/comprar-casa/hipotecas/subrogacion/articulo/subrogacion-comprar-casa-precio-cambiar-hipoteca-alza-tipos/3859/

    I googled this, not sure if it is up to date or if it is what you mean. I looked for subrogación which I think you are refering to?

  • #97523
    Profile photo of Anonymous
    Anonymous
    Participant

    This link has been forwarded to me by my Spanish friends.

    http://www.boe.es/boe/dias/2007/12/08/pdfs/A50593-50614.pdf.

    I am afraid my Spanish does not go this far. Any body can point to the relevent section. Specially if there is a section which exclude non residents.

  • #97524
    Profile photo of Anonymous
    Anonymous
    Participant

    Thanks Katy. This relates to subrogation i.e. moving from one lender to another. Yes and than there will be other cost.. So the old Spanish trick of having heads at both side of the contract.

    Apparently, moving from one product to another with the same lender is construed as new or a remortgage even though the amount, person and the collateral is the same.

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