News for hackers. Stuff that matters.

A comment on Europe's $24T Breakup with Visa and Mastercard Has Begun. Parent comment

Re:Europe's $24T Breakup with Visa and Mastercard Has Begun by Beretta_Vexee on Wednesday February 11, 2026 @03:38AM (#46972420)
This is not the only difference in the banking system; 25-year fixed-rate mortgages are also a feature that is rarely found elsewhere.

The minimum 10% deposit is mainly there to cover taxes, which cannot really be recovered by the bank in the event of default.

[ Parent | on HN ]
Re:Europe's $24T Breakup with Visa and Mastercard Has Begun by wolvoleo on Wednesday February 11, 2026 @03:58AM (#46972566)
It's not a 10% deposit though, it's 30% (so 10% taxes and 20% investment in the house)

And the fixed-rate mortgages are a good thing (though only when the rate is low hehe)

[ Parent | on HN ]