Blog Category: Mortgage Clauses

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Spanish Multi-Currency Mortgage Claims

Posted and filed under Current Claims Possible to Win Back Funds, Legal Issues 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 »

Supreme Court Tribunal Blow to Consumers Regarding Mortgage Clauses

Posted and filed under Current Claims Possible to Win Back Funds, In the Spanish News, Newsletters.

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 »

Banks and Floor Clauses in Mortgages

Posted and filed under Legal Issues in Spain, Property in Spain.

Recently I received a letter from my bank in Spain with a wonderful mortgage offer. I have always known the old adage of “Do not look a gift horse in the mouth” but sometimes you just have a feeling that something is a bit odd. Banks in Spain donĀ“t normally have the gifting generous traits, can be helpful yes, but… Read more »

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