Mortgage and divorce: what are your rights?
Questioner
Our daughter is getting divorced. She wants to continue living in the house she bought. This means that the mortgage must be put in her name. The XXXbank charges 5500 euros, which is the penalty interest for breaking the contracts. We believe that this is not the case. Is this allowed?Lawyer
This must be apparent from the applicable terms of the mortgage. I advise you to ask the bank what exactly they base this on. If the loan is transferred, penalty interest may be applicable. This has to do with the interest rate applicable to the loan and that of the new one.Take the next step
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