Mortgage Loans (Directive)

The EU passport for mortgage credit intermediaries removes barriers to the cross-border intermediation of mortgage loans. The professional requirements for credit intermediaries should not be too high. A credit refusal obligation in the case of a negative creditworthiness assessment is not necessary and leads to considerable legal uncertainty. Simplified conditions for early repayment can make fixed-interest credits more expensive. EBA’s arbitration powers are not covered by the EBA-Regulation.