Cancelling a mortgage
#2
Re: Cancelling a mortgage
1. You need a certificate from the bank confirming the mortgage has ended
2. Based on the above get a notary to issue an "escritura de cancelacion" which will alos need to be signed by the bank - the notary should arrange that.
3. Do Form 600 for Hacienda - Impuestos Sobre Actos Juridicos
4. Present all the documents to the Registro de Propiedades where it should be officialy recorded
You will need to pay the Notary and the Registro
As a check you can get from the registro de Propiedades a "Nota Simple" -a document which you probably got when you bought the home which tracks all the history of the property.
As a PS - the bank is really obliged to do all this it just takes time.
Last edited by Loafing Along; Feb 1st 2022 at 8:36 pm. Reason: Added text
#3
BE Forum Addict
Joined: Jun 2011
Posts: 1,129
Re: Cancelling a mortgage
There are two ways to do it - the bank doing everything (between €200-400, less complicated) or you doing it yourself (about €125, more complicated). This link explains the two procedures below, in Spanish:
Levantamiento o cancelación de la hipoteca: trámites y gastos
Levantamiento o cancelación de la hipoteca: trámites y gastos
Last edited by DLC; Feb 1st 2022 at 9:04 pm.