Banks are positive for installments and stalks

& nbsp & nbspEleftheria Paizanou & nbsp; & nbsp;

The banks are satisfied with the provisions of the draft bill prepared by the Ministry of Finance and the Land Registry, which will create a mechanism to safeguard the interests of real estate buyers, protect them against the seller's obligations to banks and annul the transfer of securities. property.

As told to “F” by banking sources, with the bill, which was introduced & nbsp; In a public consultation by March 2, banks will be assured that they will receive their receipts through buyers. When the buyer and the seller shake hands and sign the contracts, the former will pay the total amount of the sale of the property to the bank, to repay a loan received by the seller from the financial institution. Initially, a provision was included in which the buyer would have to pay up to 80% of the price to the bank on behalf of the seller, however, during the informal consultation, it was finally decided that the buyer would pay the total amount of the sale of the property.

SEE ALSO: & nbsp;

They solve the Gordian Knot for stalks with express procedures Charges for sales and for Land Registry

It is worth noting that the buyer will pay the money to the bank depending on the provisions of the contract and the course of work. At the same time, the bill will solve many problems that currently exist with trapped buyers, while the property will be relieved of encumbrances, which will help speed up the procedures for issuing property titles by technocrats.

READ THE ENTIRE REPORT IN THE PUBLISHED FILELEFTHERO PRESS

Source: www.philenews.com

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