Mortgage Services
Agreement

The client wishes to contract New Property Mortgages services and the Parties have negotiated and accepted a proposal of objectives and activities, as well as the fees specified in this contract.

The purpose of this contract is the provision of advisory and brokerage services, on an exclusive basis, to secure a mortgage loan in Spain for the acquisition of a property.

The lending party decides whether to lend and the lending terms. The power to grant or deny the intended financing, as well as the determination of its specific conditions, will correspond solely to the Lender. New Property Mortgages does not have the power to influence or overturn the lending party's decision.

The Service will be provided for a period of three months from the date of accepting these terms and conditions and will be extended tacitly for one month and successively until the signing of the public deed, unless either party notifies the other in writing at least 7 days in advance.

New Property Mortgages will keep the Client informed of the progress of the service during the term of the contract. New Property Mortgages is not responsible for delays caused by financial institutions and how such institutions manage their processes or decision making.

• The Client may withdraw from this contract within a period of 14 days from its formalization, notifying New Property Mortgages in writing of their unequivocal desire to withdraw.
• New Property Mortgages, without any penalty, may withdraw from the contract once, having considered a sufficiently substantial number of financing contracts, it has been found impossible to find at least one that meets the preferences and/or circumstances expressed by the Client.
• The contract may be unilaterally terminated in advance by whoever, having complied with the agreed obligations, alleges a serious and essential breach of the counterparty's obligations.

The Client undertakes to facilitate the performance of the object of this contract, faithfully providing the necessary documents and information within the deadlines established at the commencement of the contract.

The Client agrees to work on an exclusive basis for a mortgage in Spain and undertakes to inform New Property Mortgages of the processes initiated prior to accepting these terms and conditions, providing institutions' names and points of contact, as well as all communications and results. Henceforth, these processes shall become part of the object of this contract.

• The minimum fee is €2,000 (excl. VAT).
• Payment shall be made by bank transfer to the account of NPM when the Client accepts the offer from the bank.
• New Property Mortgages will not demand from the Client any other fee more than the 1% described above for services rendered during the term of the contract.
• Excluded from the fees are the rights derived from services provided by third parties such as Notaries, Managers, Appraisers, Property Registrars, or others, as well as other expenses, fees or taxes legally corresponding to the Client or the lending entity.

• Law 5/2019, of 15 March, regulating real estate credit contracts.
• Law 2/2009, of 31 March, regulating the contracting with consumers of mortgage loans or credits and intermediation services.
• General Law for the Defense of Consumers and Users and other complementary laws, as well as development provisions approved by the competent Autonomous Communities.

New Property Mortgages (NPM) is the Responsible for the treatment of the personal data of the Interested Party and informs that this data will be treated in accordance with the provisions of Regulation (EU) 2016/679 of 27 April (GDPR) and Organic Law 3/2018 of 5 December (LOPDGDD).

Rights of the Interested Party:

• Right to withdraw consent at any time.
• Right of access, rectification, portability and deletion of data, and of limitation or opposition to its treatment.
• Right to file a claim with the Control Authority (www.aepd.es) if you consider that the treatment does not comply with current regulations.

• The Client must contact New Property Mortgages as soon as an issue occurs and request an assessment of their case.
• Contact: by emailing hola@newpropertymortgages.com to arrange an appointment with Gorka Etxeberria.
• New Property Mortgages will review the case and answer the Client in writing within a period of 10 days.

New Property Mortgages has civil liability insurance to cover liabilities that may arise as a result of professional negligence.