Doubt concerning new EU rules mortgages
BRUSSELS (DUTCH PRESS AGENCY) - the European Commission
wants of banks, consumer groups and other people concerned know how
there more European, cross-border competition can come in the market
for mortgages at the presentation of its ' consultation document '
said responsibly to euro commissioner McCreevy however that he doubts
concerning new legislation European rules introduce concluding a
mortgage loan outside the border easier make, goes accompanied by
administrative rompslomp and that costs money. For this reason
McCreevy said study want firstly or the costs of new rules, however,
even out the profits. Possible presenting its next year
approximately 1 expect per cent of all mortgages is concluded outside
its own country. That comes according to McCreevy partly because
consumers for such a large expenditure go rather to an institute that
they know and where they speak the same language. , but also the
uitleners of the money remain kinder in their own region. Then
they know which rules are there for collecting debts and where former
debts stand differ registered '', empty McCreevy TraditiesDe
traditions for mortgages strongly from country to country in the EU.
Thus much Dutch banks lend more than 100 per cent of the value
of the house from, so that the purchaser costs also, purchaser '' can
finance. The usual mortgage period is thirty years. But in
France it is well almost impossible a house buy without considerably
what own money (or money of family) must be generally paid off, and
the loan in fifteen years of age. Also the deductibility of the
mortgage interest is long not everywhere this way wide such as in the
Netherlands McCreevy Tuesday obtained further from to the banks
because they would put too little speed behind the setting-up of a
European pay system. The European Commission gladly sees that
consumers can pay exactly this way easily a subscription on the local
newspaper as the hiring of the holiday maisonnette in Italië.
For that the complete pay system must, at present nationally
regulated, on the shovel. A working party of banks aims on a new
system in 2008, that the years are langzaamaan introduced, but that
lasts the Irish euro commissioner too long. , I am not with that
timetable '', this way glad said he, adding that he will come with
measures.
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