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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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    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. […]

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    Banking and Costumer Law in Spain: complaints against banks in Spain, How to proceed.

    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 […]

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    Consumer Rights as per the Spanish Law: claim for the repair or compensation, problems with a second hand (used) cars in Spain.

    CONSULTATION:Five months ago I purchased a second hand car from a dealer in Spain. Last week while I was driving the car started to overheat and I had to take it to the garage. The mechanic confirmed that the head cylinder and the motor are distorted and in poor condition and must be replaced, being […]

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