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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 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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    Mortgage loans expenses. Is it worthwhile to claim these following a new ruling by the Spanish Supreme Court?

    Dear lawyers, We had planned to claim against the bank for the expenses we paid for the mortgage deed that we signed before a notary in Spain. We have since learned that the Spanish Supreme Court has issued a ruling saying that the costs have to be paid by the client and not the bank, […]

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    Did you have a mortgage with a floor clause and the bank forced you pay all the loan expenses? The exclusive competence of the special courts has been extended

    Dear Readers, WE would like to confirm to you that unfortunately the Spanish General Judicial Power Council (CGPJ) has approved a new Plan for 2018 regarding the individual consumers court claims for mortgage floor clauses, mortgage expenses reclaims, abusive delay interests, etc. when these clauses are part of a mortgage loan.   This new plan […]

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