Mortgage Loans (Directive)

The Commission proposes a Directive serving to contribute to a “smoothly functioning internal market with a high level of consumer protection” for mortgage lending. Herein the Commission focuses on consumer protection and rules for the activities of credit intermediaries.


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.