Mortgages

two women selling house

ECJ safeguards consumer rights: New ruling on the prescription of abusive clauses

The recent ruling of the European Court of Justice (ECJ) on January 25, 2024, in the combined cases C-810/21 to C-813/21, marks a significant victory for consumer rights. The court has determined that the limitation period for the restitution of payments made under abusive clauses starts only when the consumer becomes aware of such abuse.

Property sales staff submit land mortgage contract documents to home buyers for sign.

Understanding mortgage novation: A comprehensive guide

Mortgage novation is the process of renegotiating and changing the terms of an existing mortgage loan with your current lender. This is typically done by modifying the original contract through an agreement reached with the bank and formalized in the presence of a notary.

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