The next declaration ‘s the Commission’s Study from the costs and you will Great things about the various Plan Options to possess Financial Borrowing (Western european Percentage, 2009, look for particularly Annex B: Court Information)
To check on our very own main theory the to early repayment will increase the interest rate pass on amongst the banks’ credit speed and you will lending cost inside the a far more authoritative fashion, we first constructed a buyers safety index. The brand new index categorizes nations with regards to the type of compensation, if any, one to customers need to pay to their loan providers whenever they want to pay off their mortgages through to the contractual deadline. Our very own categorical directory variable ranges regarding lower quantity of consumer defense Are discussed = 0 toward highest number of user safeguards No charge = 2.
Right here we expected the fresh main financial institutions, ministries away from financing of the Representative States and you may financial otherwise consumer safety associations concerning the applicable amount of individual defense inside their respective places
All of our directory classifies the newest statutes ruling very early repayment in every Eu Representative States between 2006 and you can 2016 to your thirty day period-to-month foundation. Locate details about what guidelines influenced very early payments at which era in the confirmed nation, i mark of numerous provide. A study held because of the European Commission within the effort to harmonize the new Western european mortgage areas, achieved detailed information for the federal home loan , look for particularly pages 5581). Read More
