Evaluation of the Mortgage Credit Directive
The Mortgage Credit Directive (Directive 2014/17/EU) aims to create an efficient and competitive internal market for consumers, creditors and credit intermediaries. It aims to provide a high level of consumer protection; and promote financial stability by ensuring that mortgage credit markets operate in a responsible manner.
All Member States fully transposed the Mortgage Credit Directive by June 2019.
This study was commissioned to RPA by the European Commission (DG FISMA) to support an evaluation of the Directive and to address the regulatory requirements under Articles 44 and 45. The aim of the study was to assess the effectiveness, efficiency, relevance, coherence and EU added value of the Mortgage Credit Directive as well as the simplification and burden reduction potential, in line with Better Regulation principles. The research has combined a review of the literature with extensive stakeholder consultation, including interviews, a mystery shopping and a consumer survey.