Pattern for the withdrawal of mortgage loans
Despite deviations from the sample, the revocation instructions remained incorrect. Withdrawal pattern as PDF. Termination of the loan and legal protection insurance Exercising the right of revocation is very expensive. A letter says, “I hereby terminate my credit agreement with the xx.” However, the financial institution concerned will not tolerate the revocation so easily. Due to the confusing and multi-layered legal situation and the sometimes very different case law, it is difficult for the consumers to assess the chances of success of their opposition.
Revocation offers borrowers
Regardless of the great possibilities that a revocation offers borrowers, the expenses for a revocation procedure must not be disregarded. Withdrawal is a process in which the risks to the customer are low. In addition to an out-of-court settlement trial, necessary judicial proceedings often involve considerable expenses.
This also applies to follow-up financing. If none of these exclusions applies, the legal costs insurance, which covers the costs, nothing stands in the way. Only when the so-called legal dispute occurs, is the legal protection insurance effective. The borrower can “produce” the legal protection himself by declaring the revocation to the bank. We are happy to send free sample letters to all interested parties.
Of course, samples from the Consumer Centers or the warrant test collection can also be used for this purpose. As soon as yabenrs rejects the revocation or expires the deadlines set, legal protection takes effect. Only in very few exceptional cases are credit institutions required to submit mobile settlement offers to a revocation issued by a consumer on their own initiative, so that the legal protection case exists in about 100 percent.
You will have to pay the incurred expenses yourself
In this case, you will have to pay the incurred expenses yourself. Only when the guarantee holder puts the revocation in his own hands and his application is rejected, does the legal expenses insurance cover all expenses and fees incurred. In practice, many legal expenses insurance companies have generally tried to refuse to pay the expenses on the grounds that the legal expenses insurance did not exist when the loan agreement was concluded.
However, this reasoning is no longer valid since the decision of the Federal Court of Justice of 24 April 2013. The Federal Supreme Court has ruled that the relevant breach that triggers the obligation to pay is the bank’s refusal to recognize the revocation. It is therefore still possible in principle to take along a legal protection insurance with a subsequent declaration of revocation. However, it should be noted that there should be no waiting period due to the upcoming cancellation of the revocation.
For example, ÖRAG offers a corresponding price. 95% of our customers realize their interest with the help of the legal protection insurance. For the most part, lawyers have proven to be reliable partners to our clients. The conclusion An attorney cost insurance has therefore paid off.