Revocation loan in Metabank
Newer contracts of Metabank can also be revoked. The revocation of the loan also works with the revocation of a term loan. Renewed recognition of Metabank in questions of withdrawal Metabank has received recognition in one of proceedings before the Regional Court for the cancellation of loan agreements. Metabank has fully recognized the claim. On 21 December 2017. http://cheekysquirrel.net has more details
Revocation of the contested credit agreement
Thus, both the effective revocation of the contested credit agreement was legally decided and the remaining debt of the borrowers was determined as of the balance sheet date. This excludes, among other things, further claims for compensation for use by yaberns as of the date of revocation. Thus the action was a complete coup for the borrowers. You can find the law firm hünlein rechtsanwälte in am Main at the following address (contact): Eschenheimer Anlage 28 60318 aM A contact form and further information can be found under Contact.
According to investigations of the interest group revocation this results in the practice savings of mostly at least 10000 EUR for the private debtor. The so-called revocation loan applies to normal mortgage lending as well as to loans in which the repayment term does not start until years after conclusion of the contract: the so-called term loan. The decisive factor is that the loan is after the balance sheet date.
By the middle of 2010, interest rates on a 10-year mortgage had just dropped from five to 3.5 per cent. For example, anyone who took out a forward loan at this time could secure an interest rate of around four percentage points on a loan that will be disbursed in 2015 and thus has a fixed interest rate until 2025. So many property owners are very angry when they realize that the base rate for a ten-year construction loan is now just over one percentage point – but they have recently received a loan for which they will pay significantly higher interest rates in the coming years,
But here, too, the withdrawal yookers help, especially with loans from Metabank. According to investigations by the Revocation Interest Group, most of the construction financing of Metabank between mid-2010 and 2015 is not intact. The loan period is not specified in the loan agreement. Otherwise, the period of usually 14 days does not expire.
The borrower can also indicate the years of cancellation after the loan offer has been signed and withdraw from the loan – without paying a prepayment penalty. An undelivered forward loan can also be reversed. For example, anyone who raised a five-year forward loan in mid-2012 will receive this loan this year and will then be tied to high yield for ten years.
The revocator can terminate this order without penalty,
Whereby a penalty (so-called non-acceptance fee) is to be paid to the house bank. This means that the savings that consumers can derive from withdrawing a term loan are, in many cases, much greater than with a regular construction loan. This is illustrated by the following example: In the middle of 2012, a real estate buyer concluded a construction loan of EUR 200,000 as a term loan.
The forward period is five years, so the loan is to be paid out by the middle of 2017 and then tied to the respective interest rate for a period of ten years. In 2012, the normal borrowing rate was three percentage points plus a forward premium of 0.5 percent. All in all, our real estate owner receives a loan in just a few days, for which he then pays an interest rate of 3.5 percentage points for ten years.
If he does not want to accept this loan, eg because the planned construction is not completed or because the property is to be sold, the house bank will charge him a non-acceptance fee of around EUR 5,000, ie 25% of the loan amount! In the case of erroneous loan agreements, eg for loans of Metabank from 2010 to 2015, this capital can be saved with the cancellation joker; in the case of a termination, the house bank is not entitled to a non-acceptance fee or an early payment fee.
But even here, as in almost all cases around the revocation Joker applies: Without competent lawyers is little. If the client wants to find his own way of dealing with the house bank, he will be released in practice. In a first step, the loan agreement of a lawyer, for example, free of charge and without obligation, on our review form under www.widerruf.info. be checked.
This is usually an out-of-court procedure in which the lawyer writes to the house bank and demands the revocation. On the other hand, it may be possible to enforce the revocation before the Court without having a cost recovery risk. The above texts reflect the views of the respective authors.