New mortgage laws in spain help protect the consumer. We can help you get the best deal in Spain.
Mortgage in Spain
Posted and filed under Financial outlook, Legal Issues in Spain, Property Purchase/Sale Service.
Mortgage in Spain
Spanish Multi-Currency Mortgage Claims
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 »
Supreme Court Tribunal Blow to Consumers Regarding Mortgage Clauses
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 »
