Daughter buys house, father has to pay €20,000 penalty interest | Money

The man had sold the house in August last year to his daughter, who had been renting her from him since 2013. When the man subsequently paid off his mortgage, he received a bill of €20,662 from Rabobank for early repayment of his loan. This penalty interest is compensation for the profit that the bank loses because the contract is terminated early.

The fine print of the agreement stated that he could only get out of the contract free of charge if he lived there himself. Literally: “The loan may be repaid without compensation upon legal transfer of all registered property that you yourself occupy.”

‘Told previously’

As late as 2019, the consumer had fixed the interest on his mortgage for twenty years. On that occasion, the bank should have pointed out to him that he could not sell the house without a fine, the man told the Kifid disputes committee. For example, he said years earlier that his daughter was going to rent the property, while he had also given himself a different postal address. In short: Rabobank should have known.

The Kifid found that Rabobank did not violate its duty of care. The committee found no evidence that Rabobank knew in 2019 that the house would be sold soon. Kifid also thought it unlikely that the man intended to do this. Why then had the father fixed the mortgage interest for twenty years? The complaint has been rejected, the father has to pay the fine.

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