Recent Developments in Mortgage Loans in Spain and the Effects of the Subsequent Legislative Reforms

Autor:	Lucía Boedo Vilabella, Begoña Álvarez García
Rok vydání:	2020
Předmět:	040101 forestry 050208 finance Political science 0502 economics and business 05 social sciences 0401 agriculture forestry and fisheries Financial system Legislature 04 agricultural and veterinary sciences
DOI:	10.4018/978-1-7998-2440-4.ch007
Popis:	This chapter analyses the evolution of the mortgage loan in Spain during the present century. The economic development of Spain is described with its great connection to mortgages. The text centres on the new conditions incorporated in the loans in the years before the crisis, which were subsequently demonstrated to be unfair terms and caused serious problems for consumers and a lack of confidence in the financial sector. This provoked the reaction of legislators. This chapter studies the effectiveness of the subsequent mortgage laws in their intention to minimize the asymmetrical positions that the lender and the borrower occupy in the contractual relationship. Among the conclusions of the chapter, the authors highlight how each law is more precise but its effectiveness is lacking if the banking culture is not changed in terms of the relationship between to clients.
Databáze:	OpenAIRE
Externí odkaz:	https://explore.openaire.eu/search/publication?articleId=doi_________::2a2278b3667bad508d8deb2da14a3977 https://doi.org/10.4018/978-1-7998-2440-4.ch007 Zobrazit plný text záznamu