You believe you have found the right bank to make the mortgage subrogation. You’re excited about the lower installment of the old mortgage and sign the new contract.

However, they inform you only at the end that a commission will be applied for the subrogation operation on your mortgage of around 2,000 euros.

But is that really what it should be? Let’s find out together.


Mortgage surrogate: let’s clear up some doubts

Mortgage surrogate: let

If this situation has already happened to you and you have run into some trap by paying undue costs to transfer your mortgage, do not despair, you are not the only one.

If you want to save time and money with your first home loan , but your new bank has deceived you, this post is for you. In this article I want to guide you through the things you need to know to get the subrogation and save time and money. What you will learn in this post will let you know how to move with the banks starting immediately.

The bank that granted the loan cannot deny or make the subrogation of the loan to its client.

Therefore, contractual clauses providing for the charge of penalties or other charges to be borne by the borrower are to be considered as having no foundation.

No charges or commissions may be imposed on the customer for:

  • the granting of new loans;
  • the investigation;
  • cadastral assessments.

In particular, the cadastral assessments are carried out according to procedures of collaboration between intermediaries based on criteria of maximum reduction of time, obligations and associated costs. Intermediaries do not apply to customers any kind of costs, even indirectly, for the execution of the formalities connected with the subrogation operations.

Any agreement subsequent to the stipulation of the contract, with which the exercise of the subrogation is prevented or made burdensome for the debtor, is also void.

Therefore, one of the greatest advantages of the subrogation mortgage lies precisely in the fact that the customer has no further additional charges and expenses of any kind. He must not pay either the substitute tax, notary fees (charged to bank agencies), or pay the bank the costs of preliminary investigation and appraisal.

The only expenses that the borrower will have to face are the charges related to the payment of state stamps and the costs of opening the new current account, with the incoming bank.

So, you don’t have to worry about subrogation costs because it’s a completely free operation!


The mortgage subrogation is a totally free instrument by law

So it is imperative to keep costs under control

If you impose costs that you should not pay and you have difficulty managing the situation, contact me and we can talk about your problem with confidence.

Contact me if you are considering subrogating your mortgage , we can talk about your case and carefully check the details and clauses of the subrogation proposal that the bank has made to you.