Tips when taking a mortgage

1. Only obligatory Insurance is a  home insurance with coverage against flood, fire or earthquake. Just the house ( nor soil or content) needs to be insured. Look at the  "insuring value" that the property has. This is contained on the valuation report made by the Bank. 2. Any other insurances … [Read more...]

Refund if Ground Floors in mortgages

 Congratulations to clients, ADICAE and Cuenca Appeal Court, . Teaching the Spanish Supreme Court to understand what nullity is and what are their effects under very basic and general principles of Law. Since Roman times. Nullity have always clear consequences: effects to be reversed. In short … [Read more...]

Floor clauses. How the fight is going

PLease enjoy this post written by one of the Law Fim´s legal assistants, Manuel Guerrero: THE WAR OF THE “FLOOR CLAUSES” by Manuel Guerrero Since last May 9, when the Spanish Supreme Court condemned three Spanish banks to withdraw from all their mortgage contracts the so-called "floor clauses … [Read more...]

Spain Supreme Court and lack of finances

Recent Court Decission by  Spain Supreme Court has established that cancellation of  off plan contract operates if delay by the builder brought the building period to reach the financial crisis and, therefore, mortgage was not granted to the buyer. Principles substaining this decission are those … [Read more...]

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