Members of the European Parliament said an EU-wide mortgage proposal which got initial approval on November 14 would remove barriers which dissuade lenders for selling mortgages in other member states and prevent people from shopping around to find the most competitive mortgage.“The report aims to simplify the decision for consumers and assist all borrowers, in particular, first time buyers, those on a low income, or people who choose to buy a home outside their EU country of residence,” said it...

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