As an expatriate living in Spain; do you find that the Spanish bureaucratic system
can be disconcerting? Have you discovered that the simplest of transactions are difficult to conclude?
Find yourself searching for answers to problems only to discover that there is nowhere where you could find a solution?
I am assuming that the answer is yes and that is why should be a member of our web site if you arent already.
This article was provided to us by a law firm with expertise in banking products.
“We have been observing frequent cases of homeowners who signed multi-currency mortgages , in which the quotas and the capital to be amortised are determined
For those concerned as they have a case against Banco Popular to recoup the monies owed and removal of the floor clause, please note the information below provided today by one of the lawyers who are acting for some of our members.
This topic was discussed with Bill Padley interviewing CAB adviser. Talking about the law and the possible implications.
Since the interview, we have seen some of the agreements. One includes that during the three months negotiations. Also menti
For those who have bought a property in Spain with a mortgage will have paid costs and fees associated with the mortgage on the purchase. These costs will include: valuation, notary, registry,(judicial taxes) and management fees.
The Supreme Cou
On the 21/12/2012 the European Court of Justice ruled the invalidity of the abusive floor clause and demand that the banks return the amounts overcharged retroactively. The ECJ has ruled that the Spanish Supreme Court did not have the ability to
This is the message from one of the group of lawyers who support our members.
“Although our legal team does not yet have access to the judgment document to analyse the specific issues, we are pleased to announce that the ECJ has declared t
Many who took out a mortgage with a Spanish bank are not aware that they are still paying excessively high interest rates and are probably owed thousands. The monies lost are due to the high interests rates charged increasing the monthly mortgag
Update on the final ruling to banks expected from the European Court of Justin expected at the latter part of this year. The European Advocate General has agreed with the Madrid Supreme Court ruling that banks should only have to make repayments
Monday June 13 live on Talk Radio Europe. Lets Talk with Bill Padley at 11.00 am till 12 noon.
Full story on the Clausula Suelo affecting millions of mortgage holders. Mortgages with most banks affected.
What it is, how to check if this clause
‘Scam’ definition: a dishonest scheme.
I am presuming that most mortgage holders are aware of the abusive clausula suelo, (floor clause) where over forty Spanish banks added a clause into their mortgage contracts stipulating that; intere
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