New mortgage laws in spain help protect the consumer. We can help you get the best deal in Spain.
Many people are now aware that the European Court of Justice ruled on abusive clauses such as Mortgage Floor Clauses, put in a mortgage deed by some banks which basically meant that when interest rates went down the bank retained a minimum floor clause, so customers still paid a high interest. Not so common are multi-currency mortgages in Spain, but… Read more »
Consumers in Spain have suffered a blow as the Supreme Court changed the precedents of the High Courts and ruled that if there is an abusive clause relating to expenses in a mortgage, that the clients are responsible for payment of the stamp duty and half the Notary fees. Previously the Civil Chamber of the High Court had made a… Read more »