<\/p>\n
<\/p>\n
Putting the title of this entry between exclamation points is a nod to what more than one person must think internally who, after having paid every euro that they owed to the bank, simply wants to get the charge to disappear from the Land Registry .<\/p>\n
In order to be as clear as possible, we are going to separate a series of points.<\/p>\n
Strictly, the cancellation is the entry made by the Property Registrar in the open page of a property to record the extinction of a mortgage. The usual thing is that this cancellation is due to the fact that the loan has been paid, and to this assumption we are going to refer.<\/p>\n
The cancellation of a mortgage is carried out through a public deed in which the Bank, through its representatives, declares that it has collected what was owed to it by reason of a loan and consents to the removal of the mortgage from the Land Registry. .<\/p>\n
Therefore, a public deed is required that will later have to be presented at the Property Registry. It is not necessary to carry out the deed before the same notary that constituted the mortgage<\/p>\n
No. A mere request will suffice, which may be made by means of an instance with a signature authenticated before a Notary or by appearance before the Registrar, provided that the twenty-year period has elapsed, from the day scheduled for the payment of the last agreed installment of the loan. , and there is no record in the Property Registry that the mortgage has been renewed, the prescription interrupted or duly foreclosed.<\/p>\n
Mortgage cancellation has as fixed expenses those corresponding to the notarial public deed and the property registry, but since the year 2000 mortgage cancellations do not accrue any tax.<\/p>\n
Both the notary and registration expenses are highly subsidized, compared to other types of operations. The exact price depends on the amount of the loan, unlike what happens with the constitution of a mortgage, the cost of which is calculated based on the mortgage liability.<\/p>\n
Approximately and for a loan of an initial amount of 120,000 euros, the Notary cost may be over 180 euros and a slightly lesser amount for the Registry.<\/p>\n
Since 2000 Mortgage cancellations do not accrue any tax<\/strong><\/em><\/span>. Despite this, they must present themselves for liquidation, which means filling out form 600 and presenting it at a competent office in the autonomous community where the mortgaged property is located.<\/p>\n The easiest and cheapest way to carry out this procedure, today, is from the Notary itself, through the platforms available to notaries.<\/p>\n You must check, in the event that the cancellation is made by payment before the agreed maturity, if you have agreed in your mortgage loan deed some type of commission for early repayment, but this cost is a consequence of the loan and not a cancellation cost .<\/p>\n Some financial entities tend to set commissions for issuing a zero balance certificate, the legality of which may be questionable, as well as expenses for traveling the bank representative to the Notary.<\/strong><\/span>.<\/p><\/blockquote>\n And finally, there may be agency expenses, if there is a third party (because it is not done from the notary itself) that is in charge of collecting the deed at the notary, presenting it for liquidation at the tax offices of the corresponding autonomous community and later in the Property Registry, to finally collect it and return it to the interested party<\/p>\n No way.<\/p>\n Regarding the notary, it is advisable that you present the zero balance certificate and that the notary himself be in charge of contacting the financial institution.<\/p>\n Regarding the agency, it is important to note that the Bank cannot impose any agency and that these expenses have become the main cost generated by a mortgage cancellation, if you do not manage to get out of the system that the bank offers you.<\/p>\n More information on this matter can be obtained here\u00a0<\/a>and here<\/a><\/p>","protected":false},"excerpt":{"rendered":" Poner entre signos de exclamaci\u00f3n el t\u00edtulo de esta entrada es un gui\u00f1o a lo que internamente debe de\u00a0 pensar m\u00e1s de una persona que despu\u00e9s de haber\u00a0 pagado hasta el \u00faltimo euro que le deb\u00eda al banco quiere simplemente conseguir que la carga desaparezca del Registro de la 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the Notary and the agency impose me?<\/strong><\/span><\/h2>\n