You can use a notary of your own choice both when you sign and when you pay off your mortgage

30/05/2023

NotariesAbre en ventana nueva perform a public function, including giving the impartial advice needed to make it easier for you to understand the terms and conditions of public deeds such as mortgage deeds. Also, it is important to remember that the State sets notaries’ fees.

Law 5/2019 on real estate credit agreements, which is currently in force, clearly lays down that consumers have the freedom to use a notary of their own choice both when they sign and when they pay off their mortgage. Banks cannot choose the notary either directly or indirectly.

Therefore, both initially when the mortgage deed is executed and ultimately when the mortgage redemption deed is executed, customers may use a notary of their own choice to advise them at such an important time, when it is essential that they understand and are aware of what they are signing.