transfer mortgage from one bank to another for free? According Faissola, president of ABI, the bank offers the customer the transfer of the loan must bear all costs and those relating to penalties for early repayment, both for the subrogation of the mortgage and a new act of mortgage.
"It's a victory for the unity of the groups who initially interpreted the art. 8 of Law 40/2007 in the sense of no cost to the portability of mortgages. Said Anthony Longo, president of the Citizens Defence Movement (MDC). (Read more convenient mutual )
"We have held firm in the face of objections ABI - MDC Longo continues - and here comes the positive result. We are confident that now the banks can not escape that, which is not only a "recommendation" ABI Executive unanimously, but also an interpretation shared by the Ministry of Economic Development, which has always been clear in this regard.
After the notaries who have done their part to make the procedure easier portability, the banks now finally open the market. "(See How to choose the best mortgage )
" That's right - said the President Defense of the Citizen's Movement - a bank that wants to earn our customers offering the underwriters of the loans portability at no cost, which means to bear any penalty, the costs of the transfer of the mortgage and the activation of the new loan, even mortgage online.
We also hope that it triggers a mechanism for healthy competition, always in favor of the customer, with a general willingness to renegotiate the loans from the bank to which they belong. "
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