Real estate loan now revocation CheckUncategorized
Retirement loan now revocation
The Commission will examine each case on the basis of the relevant loan agreements. Who should terminate his mortgage now. For you we check the options for a transparent and fair price.
Under current legislation and our practice, consumers have a good chance to revoke and revoke their loan agreement even after years.
Due to the cancellation of a costly real estate loan (eg 5%) and the conversion into a currently possible debt restructuring loan (eg 2%), the savings often amount to tens of thousands of E.
There is a good prospect for borrowers, especially in real estate and consumer loans, that you have a not inconsiderable legal right against the house granting the loan. Since the BGH judgment of 01/03/2012, Az. III ZR 83/11, it is certain that an incorrect opposition statement can not initiate the opposition period.
In this respect, all loans completed since the deadline of 31 December 2002 may be terminated if the blocking instructions were incorrect. According to a survey by the consumer center Hamburg, 80 percentage points of 1,800 audited letters of credit were wrong in their withdrawal instructions. The objective of the revocation: The continued possibility of revoking the loan means that the bank customer can still withdraw from the contract today.
This is useful, for example, to reduce the interest charge on “old loans” by revoking the possibility of concluding a new loan agreement at the currently very favorable interest terms. After the revocation, the compensation for the early repayment can be stored or reclaimed: In case of a mistake in the revocation instructions, the bank can demand the return of the paid prepayment penalty.
Experts expect a wave of revocations until the spring of 2016, as the right of appeal for old cases will expire on this date.
Already, the consumer center points to a waiting period of up to 6 calendar weeks for the verification of the contradiction instruction. We check your instructions free of charge, by a specialist lawyer and within a reasonable time frame of about one calendar week.
In our experience, the bank does not respond to the revocation, delay or refusal of a transaction. Exclusion period: The revocation of real estate loans is only possible until 21.06.2016: In the case of incorrect revocation instructions, consumers were able to cancel their real estate loan until now. Meanwhile, this unrestricted withdrawal joker has been abolished under a government law. This concerns real estate loans taken out between 2002 and 2010.
Even after the deadline, many loans and credits can be withdrawn. Also many short-term loans and credits are faulty and revocable. Car, motor vehicle and other consumer loans do not fall under the exclusion period.
We check your credit agreement and your termination policy free of charge, simply and promptly. You will be informed in a transparent manner about the expenses incurred and whether the cancellation pays off for you. For the revocation check and the written initial consultation, which also includes the application for coverage with your legal expenses insurance, you can submit us via the form or an e-mail.