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Clausula suelo: Mortgage floor rate clause ( minimum interest clause). It is legal?. How to claim against Spanish bank for interests charged back.

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    Consumers and Users Rights in Spain. The Municipal Information Office for Consumers OMIC.

    We frequently receive consultations regarding possible abuses made by companies and businesses against consumers. Our firm provides advice in this field, in issues such as bank preference shares, mortgage loan floor clauses, claims for goods in poor condition, and in general on those practices which violate the consumers’ and users’ rights, when they have relevant […]

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    Finally, the complete Spanish High Court Order concerning the mortgage floor rate clauses has been published. If you have a mortgage loan, this is of interest for you.

    Dear Readers , As informed previously, a mortgage or interest floor rate (clausula suelo) is a clause included in most mortgage loan agreements, setting a minimum rate of interest. These clauses limit any possible fall in the level of interest rates, normally the Euribor. As announced some weeks ago, the complete Court Order from the […]

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    Spanish Consumer Laws and Problems. Purchase of second hand or used cars, motorbikes, and vehicles in Spain. The consumer rights to get the money back for the repairs made to the vehicle.

    Dear readers, Some months ago, we answered a consultation of Mr M., through the Round Town News. Mr M. bought a car from a local car dealer and after some months the head cylinder and the motor were replaced as they were in a really bad condition. Mr. M instructed us to start a legal […]

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