The importance of the wording on a Purchase and Sale contract.. Penalty clause vs “Arras Penitenciales” (Penitential Deposit).

Question : Dear lawyer, I signed a purchase deposit contract as a seller, on it was agreed that if I do not fulfil the contract I must return double the deposit received. Now, we have an appointment to go to the notary, but I do not want to sell. I have informed the buyer that […]

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Are you affected by a multicurrency mortgage loan? Is your loan linked to the change between Euro-Swiss Franc, Euro-Yen, etc?

Multi-currency mortgages are apparently normal mortgage loans, but instead of operating in Euros, they are linked to other foreign currencies. Offered by banks normally to high income customers, as a formula to benefit from the changes between currencies, in practice it has caused to those affected enormous economic damage. This is because usually the evolution […]

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Mortgage floor rate. Are you sure that you are not overpaying interest? Thousands of those affected are unaware that they are paying literally thousands more than they should.

Dear readers, we highly recommend you review the interests on the mortgage loan that you are currently paying, and compare it with the interest that you paid before. If you are not currently paying a lot less interest than before, you may be affected by the clause known as mortgage floor or minimum interest rate. […]

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