(Source: European Commission)
EU rules on mortgage credit apply to loans made to consumers for buying residential property that is used as collateral.
This review will assess how to:
- ensure that consumers are provided with simplified, timely and relevant information
- adapt the rules to the digital environment
- foster cross-border provision of mortgage credit.
It may also explore how to strengthen consumer protection in case of economic disruptions such as COVID-19 and how to boost the uptake of energy-efficient mortgages.
Banking and financial services
Type of act
Proposal for a directive