Question 1

Can reimbursements be made to an account in Luxembourg?

Accepted Answer

Without any problem, you must know the IBAN and BIC accounts. There are no fees to repay your credit from an account in Luxembourg.

Question 2

How long is the mortgage loan?

Accepted Answer

The duration of the credit can be spread over a period of 10 to 30 years depending on the age of the borrower(s) and the amount of the loan.

Over this duration, two cycles can be distinguished:

the “depreciation(s) of capital” i.e. repayment of capital to the credit provider. In a word, the repayment of the amount lent to you.
the “interest” that must be paid by the borrower.
It is always in your interest to repay the capital as quickly as possible and therefore to favor a fixed rate mortgage loan/credit for the shortest possible duration.

For what ? Because the more capital you repay, the less interest you will have paid upon closing the loan/mortgage credit contract.

Question 3

What are the costs associated with mortgage credit?

adeline · Accepted Answer

Granting a loan/mortgage credit generates various costs:

Registration fees which is a tax.
Credit opening. This is a tax paid to the State by the Notary when registering the deed for the conservation of mortgages.
Notary fees (rates are set by law).
Real estate expertise (varies depending on the credit organization).
Bank application fees (vary depending on the credit organization and the capital borrowed).
Miscellaneous costs (search costs, stamps, etc.).
These fees vary depending on the amount of your loan.

Question 4

In what form will I receive my money?

Remy · Accepted Answer

You will receive your money as a transfer to your current account within three working days at most.

Question 5

Do I have to change banks to get a loan from CPE?

Remy · Accepted Answer

No way. The amount of your credit is paid to your usual current account.

Question 6

Can I take into account my investments, my securities, term or savings accounts to borrow?

Accepted Answer

Yes, the assets placed in securities, savings, term or deposit accounts can be taken into account to assess your contributory capacity.

Question 7

What is mortgage discharge?

Remy · Accepted Answer

First, let us clarify that the mortgage is the guarantee which allows a bank to cover itself in the event that the borrower is no longer able to repay his loan. In fact, the borrower could not sell the property without obtaining approval and the release of the mortgage.

The bank has the right to cancel the credit in the event of non-payment, to have the property sold during legal proceedings and to recover the balance of its debt from the proceeds of the construction of the building.

On the other hand, in the event of early repayment of your mortgage loan, the notary is required to request the release of the mortgage. Release is a legal act where the bank certifies that the borrower has fully repaid their loan.

This release is done by notarial deed which therefore generates notary fees. In practice: the release of a mortgage is only essential if you decide to sell the building. Otherwise, just let time pass to get the 30-year period to expire. In this case the mortgage will disappear automatically but this time without any costs.

Question 8

I am having difficulty paying my monthly premium. What can I do ?

Remy · Accepted Answer

You must contact us immediately. We will find a solution together. Don't forget that after 2 unpaid monthly payments, your lending organization will cancel your credit contract and you will be listed with the National Bank of Belgium. In this case, you will no longer be able to borrow on the credit market.

Can reimbursements be made to an account in Luxembourg?

Can reimbursements be made to an account in Luxembourg?

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