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...]

Spanish Banks Ordered to Repay Billions to Mortgage Borrowers

      CLAUSULA SUELO Spain's banking sector was hammered on Wednesday after the European Court of Justice ruled that lenders will need to reimburse mortgage customers who were overcharged on interest payments. The Spanish Supreme Court had previously ruled that the refunds should only apply … [Read more...]

Have you lost money on an off-plan property development in Spain? We can help you!!!

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Case won in the Orihuela First Instance Court against BANCO POPULAR for an off-plan property from the developer San Jose at Playa Golf III in Jumilla

                We recently informed our clients that we had won their LEY 57/1968 Bank Action case against Banco Popular in the First Instance Court in Orihuela for an off-plan property they reserved at Playa Golf III in Jumilla from … [Read more...]

Our Top Five Cases Against Off-Plan Property Developer’s Banks

We have now won more than 220 cases against Spanish Off-Plan Property Developer's Banks and have sent millions of euros back to our clients, making them happy and achieving good justice in Spain. Victims were those whose off plan purchases failed in Spain after the financial and real estate … [Read more...]

LEY 57/1968 WON CASE in SUPREME COURT AGAINST CAJA INSULAR DE AHORROS DE CANARIAS (now BANKIA) FOR OUR CLIENTS WHO PURCHASED TWO OFF-PLAN PROPERTIES FROM THE DEVELOPER CONSTRUCCIONES LUAYRA S.L. AT THE ‘EL SOBRAO’ DEVELOPMENT IN TRIQUIVIJATE, FUERTEVENTURA

We were extremely pleased to inform our clients today that we had won their case against BANKIA in the SUPREME COURT. The clients paid their off-plan deposit to the developer’s account at CAJA CANARIAS (now BANKIA).  The clients did not receive an individual Guarantee for their off-plan deposit … [Read more...]

LEY 57/1968 WON CASE in FIRST INSTANCE COURT AGAINST CLEYTON GES S.L. & BANCO CAM S.A.U. FOR FINCA PARCS BUYERS AT LAS HIGUERICAS

We were extremely pleased to inform our clients today that we had won their case against developer, Cleyton GES S.L. & Banco CAM in the First Instance Court in Hellín. The 13 claimants were included in Finca Parcs Action Group Lawsuit 2 which was submitted to the Court in December 2012.  The … [Read more...]

LEY 57/1968 BANK ACTION WON AGAINST CAJA RURAL CENTRAL FOR PROMOCIONES EUROHOUSE BUYER ON RESIDENCIAL LOS BALCONES DEL VALLE

WON CASE AGAINST CAJA RURAL CENTRAL FOR PROMOCIONES EUROHOUSE BUYER ON RESIDENCIAL LOS BALCONES DEL VALLE We were pleased to notify one of our clients today that we had won their case against Caja Rural Central.  The client did not receive an individual Guarantee from the developer, Promociones … [Read more...]

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