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.
The activity of granting loans may be executed by real estate lenders when they are legally registered in the corresponding Registry, as long as they meet the requirements of article 28 of the Real Estate Credit Law: Article 28: “Registry management. 1. The management of the registry will be assumed by the Bank of Spain or by the competent body of each Autonomous Community […]. 2. The Bank of Spain will be responsible for managing the registration of: a) real estate credit intermediaries that operate or will operate with borrowers with addresses located throughout the State; b) Real estate credit intermediaries that are going to operate in Spain through a branch or under the free provision of services regime. " |
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