Suspended Family Law and Credit Impact

On Monday, January 12, 2015, the Constitutional Court suspended the new Family Law, adopted in June 2014.

All legal proceedings that took place under the established family law, which was put into effect on the first day of September 2014, have been suspended. Until the final decision of the Constitutional Court is rendered, the old 2003 Family Law applies.

Objections to the New Family Law


According to judges and attorneys, but also the general public, the new law is fraught with deficiencies in almost all areas regulated by family law (marriage, parent-child relationship, adoption and child custody).

The new family law emphasizes the peaceful resolution of disputes, and thus the relief of the courts. Those in the know believe that our society is not ready to solve problems in this way without some education.

The main argument for the suspension of the law is the fact that the new law is difficult to apply and certain legal provisions are unclear even to experts. The biggest problem is operating procedures that have not been fully developed.

A large part of the institute at the time the law was enacted did not even exist in practice (eg institute of special guardian).

The objection was also raised to the law-making process itself, which did not include the necessary professional staff.

Application for a loan with the new Family Law

Application for a loan with the new Family Law

The application of the new family law also affected banks when granting loans (housing and mortgage loans) which use real estate as an instrument for securing the collection of claims.

Under the new family law, the bank is required to register the lien on the property, to seek the consent of the spouse or extramarital spouse of the landowner of the property.

A spouse or spouse may not, without the written consent of the other partner, sell or encumber a lien on a joint property (eg a family home).

Banks’ view on the application of the new family law


Most commercial banks have for many years required the signature of the spouse of the seller of the property seller on a separate form, most commonly called the Pledge Debtor Statement, in the process of loan realization.

The said Statement remained in the bank’s archives but was not authenticated by a notary public because the seller’s spouse had not entered into the loan agreement.

In addition to the standard large-scale documentation required to obtain a loan, with the entry into force of the new family law, the property owner (the mortgagee) had to prove the origin of the property.

Thus, the owner of the property being purchased or pledged had to additionally attach to the bank:

  • Statement that the property is not a marital / extra-marital property.
  • The written consent of the spouse for the alienation and / or encumbrance of the real estate constituting the matrimonial property.

The signature of the spouse must have been certified by a notary public.

This law is also subject to the rental of real estate, and for a lease longer than 12 months, the owner of the real estate was obliged to submit the consent of the spouse.

Real Estate Owner Reactions


Today’s owners who have acquired the property in a marriage or extramarital union often have only one of the partners registered as owners.

In this way, they save time and reduce the supporting documentation needed to buy a property.

When selling the same property, even though only one of the partners is a registered book owner, under the new family law, both partners must sign the documents required for the sale.

The situation is the same with the realization of a mortgage loan for the registration of a lien.

Disadvantages of the New Family Law


Given the increase in the number of participants in a home and mortgage loan, in addition to the certification of consent, the higher price of the notary public is also affected by the number of certification of the loan agreement.

Namely, each participant has the right to request a copy of the loan agreement, and solemnization is paid by the loan beneficiary.

Potential problems are also complications related to obtaining documentation to prove the manner and timing of the acquisition of the property.

Property owners were further aggravated by the circumstances and the fact that both spouses had to come to the bank and be certified by a notary public.

Benefits of the New Family Law

Benefits of the New Family Law

Under the new law, the ability of one spouse to sell or encumber common property without the knowledge of the other is minimized.

The new family law represented a transparent relationship between the seller and buyer of the property, the bank and the borrower.

The fact that the spouses had to participate in the realization of the loan, ie the registration of the lien, guaranteed the bank greater security of regular repayment of the loan.

As things stand now, some changes will have to wait. With the suspension of the New Family Law, some lost and some profited.

What will the apartment savings be enough for? – Loans

Nowadays, saving for a home has become very popular not only for home loans, but also for the achievement of our future home purpose. We have examined what this saved amount is

at maturity. What we can use for how much we can manage at the end of the savings.

If we can pay for two $ 20,000 contracts for 10 years

We will have enough money to buy an average home at the end of the savings, along with state support and interest. LTP has a wide range of applications, and can be used for almost anything within a home!

It is very popular that 30% per year, which is max. $ 72,000 per contract – comes as state subsidy to our annual savings. Let’s look at the same with numbers in an example.

Looking at an average home savings, we count on a monthly saving of HUF 20,000. State aid, which is added every year in the form of interest, together with capital, will surely make us a millionaire within 4 to 10 years, but let’s just look at it specifically.

  • After 4 years, HUF 1,250,000,
  • After 10 years we can spend HUF 3.100.000 on housing.

What is the amount for a housing project if we are renovating or buying

What is the amount for a housing project if we are renovating or buying

The sample apartment we would buy is 50 m2, where the average m2 prices in the capital is 500 thousand HUF / sqm, in our rural towns half of it is 250 thousand HUF / sqm.

  • When renovating, we can take 1.5% of the apartment value. This translates to HUF 1-2 million, regardless of location.

The smaller the renovation work, the faster the money will come together. If we look at Budapest, our savings come together in 6 years.

Renovation Shopping

Time amount (Ft) Budapest National Budapest National

4years 1,250,496 66% 139% 5% 10%

6years 1.877.620 99% 209% 7.5% 15%

10years 3,135,630 165% 348% 12.5% ​​25.1%

The average price of a 50 sqm flat in Budapest is HUF 25,000,000 and in the countryside HUF 12.5 million.

Renovation value: 1.5% of the value of the apartment per year, 7.5% every 6 years, up to 0.9% to -1.9%.

When buying a home with one piece of home savings

After 10 years only 12.5% ​​of the Budapest apartment and 25% of the rural apartment can accumulate the savings. With this variation, there is no need to fear a rise in the price of a home. If you would like to collect a lot of money from LTP, we have two options:

We do not contract one, but several contracts in the name of our family members, which we will use for our own residential purposes.

During the term of the contract or at the end of the term, we may use the credit or the bridging loan. This amount almost doubles the amount of money we have available. In the case of pre-maturity loans, we can think of bridging loans, which naturally have a higher interest rate on loans taken after maturity.

Why it is important to make a business plan You will need it! – Company Loan | Business Loan

There are businesses that are successful and others that are not. Surely you have already noticed, but have you wondered why some fail?. It is usually because the business in question does not have a plan behind. This makes the company drift without objectives, strategies or contingency plans, etc.

Make a plan   It is important and you must have it before applying for loans for your own business . The reason is very simple: without a plan you don’t have a strategy that lets you know how long you will pay the debt and when you will start generating your own money as a company.

What is a business plan?

What is a business plan?

A business plan is a document that serves as a guide to know how the business we have started will work. Within a business plan, the strengths, weaknesses, opportunities and threats of our company are established.

In this it is also possible to write down the estimated revenue that we plan to generate with it, the expenses that it will have, the business projections, etc.

Importance of a business plan

To create profitable businesses with little investment a business plan is essential. Thanks to the plan we will be aware of the income we have versus the expenses. So we can identify the amount of money we need to generate to reach a point of balance with expenses and generate profitability.

A business plan is also important if we want to apply for loans or credits for our company at some point. And is that no bank, or investor would put their money in a company that did not have an established plan.

What you cannot ignore in a business plan

What you cannot ignore in a business plan

In a business plan you should not fail to include:

* The description of your company – in which you can not forget to mention the elements that make you stand out about your competition.

* A market analysis

* The detail of the products and services you offer

* Strategies to get customers, etc.

If you want to see your business grow and be a candidate for financing if you see it necessary, the plan will be your great ally. With a good plan, forget about unpayable debts and see your money grow for the future.

Keep track of your savings 2019 – Loan Offers

If you lose your phone in the toilet, or get your bicycle stolen, it can be difficult to buy a new one if you have not set aside money for unforeseen expenses. With a savings you are always ensured if the accident should be out. If you have a savings, you are better off and your personal finances are stronger. So you are no longer dependent on waiting until the next payday, with your unforeseen expenses paid. Read on here and learn more about how you can save money in your daily life and thus get more money between your hands and more opportunity to save more money.

Benefits of a savings

money savings

There are many benefits to a savings. In addition to the benefits we have already mentioned, a savings can also save your personal finances if you have several bills to pay in a month. Unforeseen bills can topple an economy. If you receive a bill that you did not expect, or thought to come at a later date, you are secured with a savings. If you have a savings that you can take from, you avoid any reminders and fees that you would otherwise receive if you did not have money in the account to pay for your bill.

The advantage of having a savings is also that you can, for example, if there are good deals that you cannot resist. That way, you can ultimately save money because you have the opportunity to strike at the right time.


The savings are your safety

money cash

There are many Danes who have a good private economy, but there are still several who are in a situation where their financial situation is poor. People with a poor economy who are unable to obtain financial support from friends and family are at a disadvantage if unforeseen expenses suddenly arise in their finances. If you find yourself in a situation where you often find it difficult to afford all your expenses, you can read our advice on how to optimize your finances.

If your monthly available amount does not allow you to make a savings, you can use our 5 savings tips to get more money between your hands in your everyday life. In the longer term, it may allow you to make a savings that you can benefit from at a later date.


5 good tips for saving money in everyday life

1. Eat at home
If you often buy take-away or eat out, you can save some money in your monthly budget by eating at home instead. Often we do not think about how much we spend on food and drink while on the move. Although small amounts each time, it will be a lot of money in the long run. Therefore, think about your consumption – you can save the money up instead.

2. Stop smoking
If you smoke, you can save a lot of money by either cutting back on the smokers, or quitting smoking altogether. If you go from smoking a pack a day to half, you can save up to DKK 600 a month. This is money that could look much better on your savings.

3. Change or get rid of your car
Do you have a car that you can do without? Having a car is expensive. In addition to the car being expensive in itself, for example, you also have to pay insurance, excise duty and gasoline. If you cannot do without the car, you can instead cut down on your fuel consumption and take the bike to work. You can generally save a lot of money on prioritizing cycling rather than taking the car.

4. Turn down water and electricity consumption
Even if you don’t think about it in everyday life, you can save a lot of money annually by thinking about your water and electricity consumption. For example, remember to turn off the light when you are not using it, take shorter baths, or make sure to fill your washing machine when you put it over. You can also switch all your bulbs to LED bulbs – there are many options.

5. Stop impulse buying
One of the big items in the budget that you can save money on is avoiding impulse purchases. This applies both when you are in the supermarket and when you shop for example clothes, shoes and furniture. It’s hard to avoid being tempted, but when you think about what you put in your basket, you quickly discover how many items you don’t necessarily need. If you want to avoid impulse purchases, you can set a budget so that you are sure that you are not spending more than what you can really afford.


Does your savings not cover your contingencies? Get help here

Are you in a situation where you are missing money now and here for unforeseen expenses? Maybe your savings are not enough or you may not have a savings at all. Then it’s help to pick up at Menildresa. We offer loans of between 3,000 and 20,000 kroner for exactly what you need. We always make sure our borrowers get a quick payout because we know how important it is that you don’t have to wait long for the money to be available in your account. Therefore, you can apply for a loan today and already get the money paid out within minutes. The transfer is done via our instant transfer, so you can get the money right away and on all days of the week.


Because we Peruvians have bad saving habits – Take out Loan

Did you know that the person with the most financial problems in Peru is the young population? Good Finance recently revealed that out of 10 young people have trouble dealing with their debts.

Bad habits from this stage of life prevent this population from saving for retirement, emergencies, etc. Discover in this note the three great reasons why Peruvians have bad saving habits .

We take out unplanned debts

We take out unplanned debts

The first bad habit that does not allow us to save is to borrow without conscience. How do we do this? Through credit cards that we can obtain since we reach the age of majority if we have sustainable income.

Another way in which we borrow is by taking out loans to undertake without having made a business plan . We also increase our debts by buying with loans or credit what we could get if we save a little.

We are not clear about our personal budget

We are not clear about our personal budget

If we want to start saving and not just pay debts or live with the right one, what we have to do is be clear about what goes in and out of our pockets each month.

Preparing a personal budget is vital, this will prevent us from spending as if there were no tomorrow and always have a fund for emergencies that may arise.

We believe that credit is more money

We believe that credit is more money

They increased your credit line!: You have more money to buy. This is not true, what you have is more plastic money, that is, not real money, but the loan that the bank gives you to use as you want. Ideally, do not use this money unless it is an emergency – or a planned expense. It is that you should know that the interests of the credits are not at all low.

Did you know that we are not so bad in savings figures either? According to reports almost half of the population saves. It is true that from this figure not all people save in banks – they prefer to do it outside the system – but it is already an important amount that they are thinking about their future. The goal is for us to be more and more savers!