Everyday agents · Housing · European Union
What must a lender give me before I sign a mortgage in the EU?
- What applies?
- For credit secured on residential property, the lender must give the consumer a personalised European Standardised Information Sheet (ESIS) and at least 7 days to reflect or withdraw.
- What must I do?
- Give the ESIS before the consumer is bound. Allow a reflection or withdrawal period of at least 7 days. Assess the consumer's creditworthiness. Allow early repayment under the conditions in national law.
- What happens if I do nothing?
- National competent authorities impose penalties set by each Member State, and the credit agreement can be challenged.
- Who regulates this?
- National competent authorities for consumer credit in each Member State
- What is the deadline?
- At least 7 days of reflection or withdrawal before or after signing.
Sources
- Directive 2014/17/EU, Art. 14
- Directive 2014/17/EU, Art. 18
- Directive 2014/17/EU, Art. 25
- Directive 2014/17/EU, Art. 38
Read 2026-10-14 · ID agent:eu:everyday:mortgage-credit · sha256 d845c521ff49183c8faccec0a002d4f237ff5d99a1039b9b626cde8d86fc43c0
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Read next
Court decisions
- C-778/18 Association française des usagers de banques v Ministre de l'Économie (Court of Justice of the EU, 2020-10-15)
Tying and bundling practices in credit agreements for residential property under Article 12 of Directive 2014/17/EU.
Machine readable: JSON. Not legal advice. Source: NovaCopilot.