The variable mortgage is a loan that is part of the instruments used by users to access a property, such as a home. Because of its usefulness, it is common to notice many people requesting this type of financing to guarantee the fulfillment of a purchase commitment. In view of its importance, in the following lines we will tell you…
The mortgage for a second home is viable even if the mortgage for the main residence is active. Many people have the option of buying a new apartment without selling the one they already own. If you are one of them and want to know how to manage a second mortgage and its requirements, be sure to read on. What…
The cadastral value is associated with the purchase and sale of farms and other real estate, even the amount of various taxes depends on this value. That is why it is important to know this valuation in order to have a real estimate of the price of a property. Below we will see what this value is, how it is…
The fixed mortgage is a legal figure that guarantees the fulfillment of certain contractual obligations contracted between two or more parties. We are talking about real estate loans, among others, where the house itself to be acquired, or some other, serves as collateral for the creditor on behalf of the debtor. In this type of financing, a determined payment in…
Taking out a mortgage is a very important form of credit in today’s society. It is a financial product that you should know well in order to enjoy the benefits it offers. In this sense, there is a universal protocol for the initial procedure that includes a series of requirements that allow for guarantees and understanding between the parties. It…
Have you ever wondered how a mortgage works? Acquiring a mortgage loan is one of the most popular ways of acquiring a home in Spain and much of Europe. Knowing its main elements will help you understand how it works and here we are going to show them to you. Mortgages are one of the most widely known and used…
Since 2015 there has been a lot of debate regarding mortgage fees, as many people consider them excessive. That is to say, expenses such as: notary, registration, agency, appraisal and opening commission. In view of this problem, clauses have been established to regulate this process. That is why we inform you about the new measures to regulate mortgage expenses. Updating…
Do you know to what extent earnest money contracts are relevant in real estate transactions? We know that buying a property is not a simple process or anything like it. In fact, one of the details to highlight is the documentation that must be in place at the time. What is an earnest money agreement and what is it needed…
Law came to regulate human behavior. Owners in condominiums are subject to rules of coexistence and respect. However, they are also entitled to assert their prerogatives before neighbors and third parties. The legislation of Spain, through the Horizontal Property Law, regulates the powers of the owners living under this regime. Rights of owners in a condominium The powers of the…
Civil liability of homeowners’ associations Owners of properties or developments have civil liability if they unfortunately cause damages to third parties as a consequence of mismanagement of common areas. In this sense, it is the duty of the owners to ensure the proper functioning and conservation of the construction elements. This liability implies that damage may be caused to the…
