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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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    Floor and suelo clauses. Court decision made by the special court 5-Bis in Alicante.

    Question: Dear lawyer, I am an expatriate living in Javea and have been informed that I cannot claim for my floor clause or for the expenses I paid for my mortgage loan in the local courts of Javea. I have been told that I have to claim in Alicante, in a special court, and that […]

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    Again the competence of special courts dealing with mortgage floor clauses has been extended, now up to the end of 2018.

    Dear Readers,   IN today’s article, we have to inform you that the General Council of the Spanish Judiciary (CGPJ) announced on June 27, 2018, that it has decided to extend for another six months, (that is, until December 31 2018), the emergency plan, which was approved more than a year ago, in relation to […]

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    Floor clauses: the danger and validity of agreements signed with banks waiving legal actions

    UNFORTUNATELY, there are many people affected by the mortgage floor or ‘suelo’ clauses who were contacted by their banks and asked to attend their offices to sign agreements without advice from an expert lawyer. According to the banks, these agreements aim to improve the conditions of the clients’ mortgage loans. Unfortunately, what most of these […]

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