MORTGAGE LOAN AMORTIZATION
❓ Identified Question
"How is the mortgage loan amortization calculated when selling an autonomous fraction in horizontal property?"
🎯 Direct Answer
The amortization of the loan depends on the value of the fraction sold and the total amount of the loan, and it may be necessary to amortize proportionally to the value of the fraction.
Official Documentation
📋 Context & Applicability
Amortization must be carried out proportionally to the value of the fraction sold in relation to the total loan amount.
The establishment of horizontal property does not extinguish credit obligations but may affect the manner in which they are amortized.
- Calculate the value of the fraction in relation to the total property.
- Determine the portion of the loan to be amortized based on the sale.
✅ Technical Checklist
- Verify the total amount of the loan.
- Calculate the value of the fraction to be sold.
- Determine the proportional amortization.
💡 Practical Example
Scenario: Sale of a fraction of a building with a loan of €100,000 and fraction value of €30,000.
Calculation: Amortization = (30,000 / 100,000) * Total Loan.
Result: Proportional amortization of 30% of the loan.
Legal Notice
This content is for informational purposes only and does not replace personalised legal advice.
Always confirm critical decisions with a qualified lawyer or professional.
The content is specific to Portuguese law and may not apply to other jurisdictions.