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Spanish Bank Refunds

European Court of Justice Ruling Against Spanish Bank Floor Clause

European Court of Justice Ruling Against Spanish Bank Floor Clause   The European Courts have now ruled the Clasula Suelo of Floor Clause illegal and anyone who has this clause in their deeds “Escritura de Hipoteca” can now claim back since the date the mortgage or loan/s were taken out with them. Are you looking Read more about European Court of Justice Ruling Against Spanish Bank Floor Clause[…]

Affected by the Floor Clause?

Floor Clause News for Spanish Mortgage Holders

“The mortgage ‘floor clauses’ are a fraud.” Floor Clause News for Spanish Mortgage Holders A floor clause (or “cláusula suelo” in Spanish), usually entered in a financial agreement in relation to a cap floor, refers to a specific condition generally included in financial contracts, principally loans. Thursday, April 7, 2016, could go down in history Read more about Floor Clause News for Spanish Mortgage Holders[…]

Spanish Banks owe Millions of Euros to Mortgage Holders

Posted by Stephen Symington Published on: 07/05/2016 Hundreds of thousands of homeowners who bought in the height of the last boom, are finding that they have negative equity in their  Spanish Homes . Many are finding it difficult and near impossible to meet the monthly mortgage payments. For these people it is not a question Read more about Spanish Banks owe Millions of Euros to Mortgage Holders[…]