The so-called “floor clauses” is a current and unstoppable phenomenon affecting millions of clients in the whole Spanish territory. Today, we are going to stop in something that is not very well known by the clients and it is, how banks treat their clients who are affected by floor clauses in their mortgages. Since 2015, some banks contacted clients that …
Article by Spanish Property Insight A Court of First Instance of Seville has ruled in favor of the complete recovery Of the costs of setting up a mortgage. The main novelty is that the return of the Documented Legal Acts (AJD) has been included, which account for the majority of the claim. Beginning with the Supreme Court Judgment of December …
Article from Financial Times Spanish bank shares fall on mortgage compensation fears… Download pdf of article here or Read article here Pleae note that this article is for subscriberes of Financial Times only.
Article from The Guardian Many were left high and dry by the 2008 financial crash, but a legal judgment means banks could be liable… Read full article here
Article from The Irish Times Spanish consumers win supreme court victory on mortgage payments… Read full article here
Article from Wall Street Journal Judge in Spain Rules Against Mortgage-Floor Clauses. Spanish lenders must reimburse clients whose mortgages had unclear interest-rate clauses… Download pdf of article here Or Read full article here Pleae note that this article is for subscriberes The Wall Street Journal only.
Article from El Pais EU wants banks to refund all money earned from mortgage ‘floor clauses’… Read full article here