Expansion of mortgage loan periods without further charges for two years

Subject to agreement between pawner and pawnee, this measure promotes the expansion of the mortgage loan period in the case of those mortgages granted for habitual residence purchase, construction and refurbishment over the two years following its enforcement (April 2008) without commissions. Besides, public deeds proving the extension of the mortgage loan period will be exempt from paying the transfer tax and stamp duty. Finally, this expansion is also exempt from the corresponding notary and registrar fees.

Beneficiaries

Mortgage loan holders who decide to extend the loan period until April 2010 will pay less to do so. Applications must be submitted to the corresponding financial entity.