Behind the concept of the European mortgage... Is a single European mortgage form operating in the whole of the European Union. At present there are a number of models, ranging from those which would supplement national models to those which would replace national models. Also its usefulness is extremely disputed, since the introduction would require an extensive reform of many national legal systems in order to implement the changes. Should these changes though occur, the utility of this law would be even less, as the basic framework could then also be compared due to other reasons.
^{See the Mortgage Credit Foundation (Hrsg), 2005, Basic Guidelines for a Eurohypothek: Outcome of the Eurohypothek Workshop November 2004 / April 2005}