The mortgage dictionary is a section of the website that allows you to know in detail the definition of all the terms related to the contracting of a mortgage or mortgage product, one of the financial operations that must be thought about and analyzed the most because it involves a significant debt that will be paid over several years. The Notary Bosch-Bages of Barcelona wants with this page to facilitate the knowledge of the most important concepts related to this type of Notarial services related to mortgages.

TweetWhat is early repayment?

At any time, the debtor (borrower) may decide to fully or partially repay the outstanding capital. The parties may agree on a period of prior communication that may not exceed one month.


When the borrower expresses his willingness to repay early, the lender will have three business days to claim the borrower the delivery of information to carry out the valuation of this operation.  The financial loss suffered by the lender will be calculated, proportionally to the repaid capital, as a negative difference between the outstanding capital at the time of the early repayment and the present market value of the loan. 
Consult BOE Law 5/2019, of March 15, regulating real estate credit contracts
Tags: Law, Mortgage.

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