What happens to the mortgage when the sale is canceled?
Verified 10 July 2023 - Legal and Administrative Information Directorate (Prime Minister)
When you took a loan to buy real estate from a bank, but the sale is canceled, you must repay to the bank:
- The money that the bank has already released
- Interest already accrued
- A tuition fee. The bank may charge you a fee for your studies, the amount of which may not exceed 0.75% the amount of the loan, or €150. The loan offer must indicate the amount of these fees and how they are paid to the bank.