Best Mortgage Lawyers in Tirana

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Andoni Law & Tax

Andoni Law & Tax

1 hour Free Consultation
Tirana, Albania

Founded in 2019
6 people in their team
English
Italian
Albanian
About Andoni Law + TaxWelcome and thank you for exploring Andoni Law + Tax. We invite you to connect with our firm, where your aspirations and challenges become our focus.At the heart of Andoni Law + Tax lies our profound industry expertise paired with top-tier legal acumen, positioning us to craft...
Hoxha Law Firm
Tirana, Albania

Founded in 2000
50 people in their team
Albanian
English
WHO WE ARE?Hoxha Law Firm operates through a group of specialists in various areas of expertise, ready to assist by providing advice, expertise and representation in resolving your cases and protecting your interests. Hoxha Law Firm is located at the city of Tirana, and operates all over territory...
Law Consulting Manaj
Tirana, Albania

Founded in 2000
50 people in their team
Albanian
English
You’ve Come To The Right Place​LCM is a prestigious law firm in Tirana founded by Av. Shefika Manaj. It is licensed by the “National Chamber of Advocates” and also licensed in the recruitment field. With seven years of exceptional experience, we offer efficient and professional services...

Founded in 2011
7 people in their team
Albanian
English
Italian
Turkish
French
Tivari & Hareçari law firm was created in 2011 by lawyers Att. Idlir Tivari and Att. Elda Hareçari. Our law firm aims at providing their clients with legal services and representation in national and international jurisdictions at all levels, fiscal and financial consultancy, through a...
CR Partners
Tirana, Albania

Founded in 2018
50 people in their team
Albanian
English
CR Partners in cooperation with Karanovic & Partners is a full-service law firm from Tirana, Albania. We provide premium corporate & commercial legal services to local and global clients.CR Partners in cooperation with Karanovic & Partners is a full-service law firm from Tirana,...
ASL Tax & Legal Advisors
Tirana, Albania

Founded in 1997
50 people in their team
Albanian
English
Legal ServicesCorporate and Commercial LitigationAntitrust & Competition LawDispute ResolutionRegulatory ComplianceContracts and third-party riskDeals and FinanceWorkforce and PeopleReal Estate LawCivil and Administrative LawInternational TaxTax Strategy and OptimizationCross Border...
Shehu & Partners

Shehu & Partners

30 minutes Free Consultation
Tirana, Albania

Founded in 2010
10 people in their team
Albanian
English
Italian
About our SuccessesWHY SHEHU & PARTNERS?It started as an idea and manifested in reality! Our firm has evolved from a legal office to a consulting firm bringing under a roof, experts from various fields of law, procurement, finance and accounting, real estate, management and information...
Consulting AL
Tirana, Albania

Founded in 2010
11 people in their team
Albanian
Italian
English
French
CONSULTINGAL Law Firm, is one of the largest and most sophisticated services for foreigners that would like to start business in Albania. Our team of 19 experienced lawyers provides a highly qualified service to our international and local clients. CONSULTINGAL  has ample experience of having...
Optima Legal & Financial
Tirana, Albania

Founded in 2008
50 people in their team
Albanian
English
Optima Legal & Financial (Optima) is among the leading commercial law firms in Albania, providing a broad range of legal services with a distinct focus on business law and energy. Located in central Tirana, the firm delivers advisement to national and international clients in both private and...
S-Myftari & PartnerS
Tirana, Albania

Founded in 2018
10 people in their team
Albanian
English
Excellent Consulting Agency For Legal Issueswonderful serenity has taken possession of my entire soul, like these sweet mornings of spring which I enjoy with my whole heart.A wonderful serenity has taken possession of my entire soul, like these sweet mornings of spring which I enjoy with my whole...
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About Mortgage Law in Tirana, Albania

Albanian mortgage law is a blend of ancient principles and modern regulatory frameworks. It covers the rules and regulations governing buying, selling, and mortgaging property in Albania, particularly in Tirana, the capital city. A mortgage is a legal instrument which gives the lender a conditional right on the borrower's property. Essentially, if the borrower fails to meet their loan obligations, the lender has the right to seize the property and sell it to recover the debt.

Why You May Need a Lawyer

The process of getting a mortgage in Tirana, like in many cities, can be complex and challenging for those unfamiliar with legal terminology and the procedures. A lawyer provides insightful advice on the mortgage process, helping you understand potential risks, liabilities, and the terms of your agreement. This can be beneficial in situations such as negotiating loan terms with your bank, dealing with mortgage default scenarios, or when you want to restructure your mortgage.

Local Laws Overview

In Tirana, and Albania generally, the lending bank usually prepares the mortgage agreement, but it should always be reviewed by your own lawyer. The lender's rights over the property in case of a mortgage default are strongly protected. Another important element to note is that, unlike many jurisdictions, Albanian laws allow banks to start enforcement proceedings immediately after one missed payment. Additionally, foreign individuals and companies are allowed to own property and take out mortgages, but there are some restrictions to note, particularly concerning agricultural and woodland properties.

Frequently Asked Questions

Can foreigners get a mortgage in Tirana, Albania?

Yes, foreigners can get a mortgage in Tirana, Albania but certain restrictions apply, most notably when it comes to farmland and woodland properties.

What happens if I default on my mortgage in Tirana?

If you default on your mortgage in Tirana, the bank has the right to start enforcement proceedings immediately. They can seize the property and sell it to recover the debt.

Can I negotiate for better loan terms?

While the bank usually prepares the mortgage agreement in Albania, it's still possible for you or your legal representative to negotiate better terms.

Do I need to hire a lawyer when mortgaging a property in Tirana?

Although it's not compulsory, hiring a lawyer is often beneficial. They can help you understand the mortgage terms, negotiate better conditions, and guide you through the legal process.

What happens if the mortgaged property’s value goes below the loan amount?

If the property’s value goes below the loan amount, you're still obligated to repay the entire loan. You may want to consider discussing options with your bank or seeking legal advice on how best to handle such a situation.

Additional Resources

You might find helpful information from the Albanian Real Estate Agency and the National Housing Agency. It’s also suggested to contact the local bar association, they can provide a list of lawyers specialising in real estate law.

Next Steps

If you need legal assistance with a mortgage in Tirana, begin by seeking legal counsel with expertise in Albanian real estate law. Make a list of your concerns and questions before your appointment to ensure you cover all pertinent issues. Ask for clarification on anything you don't fully understand, like terms and conditions of the loan, and ensure you're familiar with the entire mortgage process and potential risks.

Lawzana helps you find the best lawyers and law firms in Tirana through a curated and pre-screened list of qualified legal professionals. Our platform offers rankings and detailed profiles of attorneys and law firms, allowing you to compare based on practice areas, including Mortgage, experience, and client feedback. Each profile includes a description of the firm's areas of practice, client reviews, team members and partners, year of establishment, spoken languages, office locations, contact information, social media presence, and any published articles or resources. Most firms on our platform speak English and are experienced in both local and international legal matters. Get a quote from top-rated law firms in Tirana, Albania - quickly, securely, and without unnecessary hassle.

Disclaimer:
The information provided on this page is for general informational purposes only and does not constitute legal advice. While we strive to ensure the accuracy and relevance of the content, legal information may change over time, and interpretations of the law can vary. You should always consult with a qualified legal professional for advice specific to your situation. We disclaim all liability for actions taken or not taken based on the content of this page. If you believe any information is incorrect or outdated, please contact us, and we will review and update it where appropriate.