On the 14th March 2013 was granted by the Court of Justice of the European Union (ECJ) a court order about the 93/13CE directive on consumer contracts and unfair terms, and if the Spanish procedural law is contrary to it or not. Basically, and very briefly the ECJ decision states that the Spanish legislation infringes […]
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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Consumer and Banking Law in Spain: The Spanish mortgage floor rate clauses. Are the mortgage loan interest floor rate clauses legal?. Answer from the Spanish courts, lawyer etc.
CONSULTATION: Dear Carlos When I took out my mortgage I was not advised that there was a mortgage floor rate ( clausula suelo), I was only told it was variable and linked to the euribor. For the last few years I have been paying 4.25% interest even though it is linked to the euribor rate. […]
First of all, it is quite common for people without a good knowledge of Spanish to get lost with all the different names given to the banks in Spain: caixa, kutxa, caja, banca, banco etc. The truth is that now days, this picture has been simplified, at least concerning names and types of banks, as […]