The review of the mortgage credit directive: toward a digital, sustanaible and inclusive european market

Abstract

Directive 2014/17/EU, of the European Parliament and of the Council of 4 February 2014 on credit agreements for consumers relating to residential immovable property, commonly referred to as the Mortgage Credit Directive (MCD), is still a relatively recent piece of legislation. Moreover, most Member States did not transpose on time, with Spain —one of the jurisdictions that suffered most in this area as a result of the 2008 financial crisis— being the latest to implement the MCD in 2019. Evaluating the effectiveness of the Directive is therefore complicated due to the limited availability of data