Mortgages:
Through a mortgage loan, the person is allowed to obtain financing for their personal or professional needs, guaranteeing the payment of the debt or obligation assumed with an asset, normally a property, so that if the debt is not satisfied, The property may be auctioned to satisfy the creditor with the amount of the sale.
The person who constitutes the mortgage always has the right to choose the Notary who will advise him.
Necessary documentation:
DNI, passport, NIE or residence card of the natural persons who are going to establish the mortgage or documents that prove the personality and representation of the legal persons.
Title proving ownership of the property subject to the mortgage or note from the Property Registry.
Mortgage cancellation:
They consist of verifying in the Property Registry that a mortgage debt has already been satisfied so that from now on it appears without said burden.
Requirements:
Request a ZERO BALANCE CERTIFICATE from the financial institution that granted the mortgage proving that the mortgage debt has been satisfied.
Only the representative of the financial institution will attend the signing at the Notary Office, who will have to prove his or her powers in accordance with the general rules of corporate representation.
Novations and subrogations:
They are modifications to a mortgage that can have varied content. Thus, among other assumptions, there may be changes in mortgage debtors (adding or increasing their number), change in creditor entity, extensions or reductions of term or capital or alterations in relation to the interest rate.
Requirements:
As a general rule, both the financial institution and the people who will remain on the mortgage loan must sign. This implies for natural persons presenting their DNI, passport, NIE or residence card and for legal persons the documents that prove their personality and representation.
Previous minutes of material transparency:
These are notarial files in relation to a mortgage established by consumers. In this case, prior to the date of signing the mortgage or novation, free notarial advice will be provided, where the Notary will explain in detail the essential characteristics of the loan, its scope and the consequences of its assumption. , so that the client knows the extent of his responsibility.
Requirements:
The client or clients must inform the bank of the Notary they choose.
The bank electronically sends a series of documents to the notary and the mortgage cannot be signed in Catalonia until 14 calendar days have passed since sending it or ten if the client waives the extra period established by Catalan legislation.
The client goes to the notary and the Notary will explain all the documents personally. After that, the mortgage signing date can be scheduled.
Payment dations:
These are contracts in which an asset is delivered in exchange for the extinction of a previous debt, thus releasing the previous debtor.
Necessary documentation:
DNI, passport, NIE or residence card of natural persons or documents that prove the personality and representation of legal persons.
Title that certifies the ownership of the property that is the object of the dation in payment.
Identification of the debt that is going to be extinguished.