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Spanish Bank Refunds News

Bankia Floor Clause News

 

Spanish lender Bankia on Monday announced it plans to refund charges to all of its mortgage holders affected by so-called “floor clauses” (cláusulas suelo), which saw a lower limit imposed on monthly mortgage repayments no matter how much the interest rate on the loan fell, and which have been found to be abusive according to a ruling by the European Court of Justice (ECJ). Some 1.4 million bank customers in Spain are thought to be affected.

 

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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[…]