Mortgages: Improved Consumer Protection
The Ministry of Finance clarifies the obligations of borrowers when taking out a mortgage.
“The analysis of the solvency of borrowers is regulated:
- The lender must perform a thorough assessment of the solvency of the borrower.
- The borrower is informed by the lender at the pre-contract stage in a clear and simple way what information is needed to carry out the assessment of his solvency.