The bank is already designing the strategy to face the last front it has open. After the European blow that forces the sector to return all the money overcharged by the floor clauses from the beginning of the mortgage, also must assume part of the expenses of formalizing the mortgage loans before notary, in the Property Registry or the payment of the AJD. A cost that, in one form or another, will end up paying the customer.
At the moment, as assures Juan Villén, responsible for idealistic mortgages, the entities do not have a defined strategy, although the market assumes that in the coming weeks will clear the unknown.
Until you know what the final roadmap will be, the main alternatives that are contemplated are the increase in interest rates on mortgages, the imposition of opening fees or the obligation to pay during the first year of life of the loan a fixed interest , despite the fact that it is a variable mortgage. In any case, the cost will be assumed by the mortgaged futures.
The first option on the table is the rise in interest rates, which directly impacts the share paid by the mortgaged. The sector itself has already made it clear that the increase in spreads would be a side effect of the judicial decisions that have given reason to those affected both in the case of the clauses ground and in the formalization.
Another alternative that is being discussed is to recover the commissions for opening mortgages, a condition that had practically disappeared in recent months in the face of fierce competition for lending. In this sense, mortgages that apply an opening commission interest rate (0.5%, 1% ...) and even set a minimum amount (500 euros, 1,000 euros ...) can be generalized.
The latter condition mainly penalizes small-scale loans. For example, in a mortgage of 100,000 euros, a minimum opening fee of 1,000 euros is to pay 1% of the requested amount, while, for a mortgage of 30,000 euros, it would be equivalent to 3.3%.
Now, as its name implies, this opening commission is only paid once: upon opening the mortgage. In contrast, the rise in interest rates affects the term that the mortgage is held.
The last option on the table that the bank has is to demand a specific interest rate for the first year, even if the mortgage is variable. That is, in a loan subject to a 1% + euríbor, the entity set during the first 12 monthly installments a 1.75% or even more. It should be remembered that at the very beginning of the mortgage is at least amortized (most of the share corresponds to interest and not to capital), so the bank would ensure an extra income with which to pay the cost of formalization.
So, as idealistic mortgages recalls, "it will become increasingly important to compare mortgages not just by interest rates, but by all the variables that come into play."
More concrete conditions, but no links
Financial sources assure idealista / news that some banks have already moved tab and have decided to raise prices and resume the opening fees with minimums never seen in exchange for assuming part of the expenses of formalization of new loans. On the other hand, others are considering "challenging" the Supreme Court ruling and maintaining the debtor's expenses, leaving prices unchanged, but adding transparency to the hiring process.
And that could be a constant from now on. The market, at least, is convinced that the financial sector will make sure to define in detail in the mortgage contracts each and every one of the conditions. In this sense, we can not forget that the nullity of these clauses decreed by the Supreme Court does not respond to the illegality of the same, but to the lack of transparency and concreteness in establishing them.
On the other hand, the market discards that the future mortgage offer brings with it a rebound of the bonds that the banks demand to the clients to improve their loan, like the use of cards, the contracting of insurance or the contribution to a pension fund .
What to complain and how to do it
The Supreme Court, in its ruling 705/2015, declared abusive the clause in which BBVA imposes on the borrower the payment of all expenses, taxes and commissions derived from the mortgage loan.
The reason is that the court considers that "all the taxes, commissions and expenses caused by the preparation, formalization, correction, processing of deeds, modification - including division, segregation or any changes that are
