EU mortgage law to hit first-time buyers, says industry

Author (Corporate)
Series Title
Series Details 31.3.11
Publication Date 31/03/2011
Content Type

In an attempt to tackle credit market risks that were at the root of the financial crisis, the European Commission issued a proposal on the 31 March 2011 for a Directive on Credit Agreements Relating to Residential Property, the result of a year-long consultation with industry.
Source Link Link to Main Source http://www.euractiv.com/euro-finance/eu-rules-mortgages-hit-time-buyers-industry-news-503644
Related Links
European Commission: DG Internal Market and Services: Retail financial services: Credit: Mortgage credit http://ec.europa.eu/internal_market/finservices-retail/credit/mortgage_en.htm
European Commission: Press Release: IP/11/383: Mortgages: better protection for European consumers http://europa.eu/rapid/pressReleasesAction.do?reference=IP/11/383&format=PDF&aged=0&language=EN&guiLanguage=en
ESO: Background information: Surge in eurozone mortgage lending http://www.europeansources.info/record/surge-in-eurozone-mortgage-lending/
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