Stop negative equity in Spain

There are hundreds of buyers with negative equity in Spain as they were granted huge mortgages during the real estate/ financial boom for properties that have suffered a dramatic value loss along the last years. Once the bubble burst and many property buyers were over debiting, Spain Government … [Read more...]

Responsibility of the bank in urban unlawfulness

La Reserva de Marbella was one of the illegal developments that, nevertheless, was finished and “occupied" by its buyers. In these cases where the buyer signs a Notary sales deed for the purchase of a non-licensed house, he is placed in a legal "limbo" in which he can "occupy" his property - … [Read more...]

The Mortgage Price Reference Index (IRPH)

The majority of mortgages signed in Spain have Euribor, a European index that regulates the interest rate of loans between banks, as a reference to mark the price of mortgages. But there are other less known and less widespread methods such as the Mortgage Price Reference Index (IRPH). Between 10 … [Read more...]

A deposit contract can ruin your purchase

In many cases when clients come to us for conveyancing work, they have already signed the deposit contract. They have generally done it under the pressure of the agent or the seller. Bad start! Play your part in the negotiation (with the assistance of a good lawyer) in order to have … [Read more...]

Santander, BBVA, Caixa & Bankia are coordinating on a new mortgage deed standard template

Four of Spain’s biggest banks, Santander, BBVA, CaixaBank and Bankia, have taken account of the legal challenge regarding the floor clauses and have launched an image cleansing operation that will, among other aspects, implement a new generalized model of mortgage deeds in Spain. The objective is … [Read more...]

Questions and answers on extrajudicial (out of court) procedure for the return of overpaid interest due to floor clauses in Spanish Mortgages

How to claim a refund of overpaid interest due to floor clauses in Spanish Mortgages These steps need to be followed:1.- Claim to your bank office/branch 2.- The bank must send to the consumer the calculation of the amount to be returned, including interest or, where appropriate, the … [Read more...]

Remove the Floor Clause from your mortgage and claim a refund of overpaid interest

1. What is a Floor Clause? (Cláusula Suelo) Many property buyers in Spain were sold mortgages by Spanish Banks at a variable rate linked to the Euribor (the Eurozone base rate). However, a large number of those mortgages also included a 'floor' (Cláusula Suelo) which was normally set anywhere … [Read more...]

Claim a refund for fees imposed on you by the Bank when opening your Spanish Mortgage

IF YOU HAVE A MORTGAGE IN SPAIN YOU COULD CLAIM A REFUND FOR SOME OF THE FEES YOU PAID WHEN TAKING OUT THE MORTGAGE In December 2015, the Spanish Supreme Court ruled that mortgage clauses introduced by Banco Popular and BBVA that forced borrowers to pay all fees related to taking out the … [Read more...]

Lawyers liabilities & Professional negligence

When is a lawyer liable for a “bad result”? The professional obligation of the lawyer is not determined specifically by the result but by using all the right means, using his knowledge and professionalism solely in the interest of the client and aiming to achieve the best result. Lawyers work … [Read more...]

Off Plan Property developments and developers we have won cases against

If you have lost money on an off plan development in Spain please contact us today for a free appraisal of your case. We have won more than 230 cases against off-plan property developer's banks on the developments listed below. These are not just won cases, but won cases where our clients have … [Read more...]

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