The next bank claim!

Not to flog a dead horse but, once again we are sorry to say that there is another issue that banks have to answer for that some of our readers may not know about.

In 2015, the Spanish High Court ruled that any client taking out a mortgage, should not have had to pay for the Notary Fees relating to that mortgage. However, as usual, the banks were happy to let the clients pay Notary fees for an agreement that the bank holds the rights to until the very last payment.

Until the mortgage is paid in full, the bank are the legal owners of a mortgaged property and are responsible for the costs involved in setting up a mortgage on that property.

Again, like the Suelo, this situation will drag on, the banks will dispute it, will delay it but eventually, should have to pay out on it, they took money from clients who, in many instances, had to scrape and save for every Euro in order to secure their mortgage. A few thousand would go a long way for any client that is buying a house, no matter what it is used for, the obligatory Life Insurance, the demanded House Insurance, that nice new Sofa or the 50” TV.

If you wish to have more information about how you can claim on this new situation, please do not hesitate to contact us through any of the methods listed below and we can look into the case for you.

The Clausula Suelo, success is starting!

It’s been a long hard slog, in 2013 the Spanish High Court ruled that the “Clausula Suelo” was immoral and should not have been included in mortgage contracts in Spain.

Most of the major banks (Santander outstanding) were caught up in this ruling and went into damage limitation mode. Denials, excuses, delays and rejections were the normal course of action for the following few years.

Then, Europe, yes Europe came to the rescue, who would have thought it! In December 2016, the European Court of Justice upheld the Spanish decision about Clausula Suelos and ordered the banks to pay back, not just from 2013 but from the start of the mortgage, we can be excused for thinking it would be that black and white!

However, the banks huddled again and went running to the Spanish Government looking for a way out of their predicament. However, all the government gave them was time, and not a lot of it. They decreed that the banks had to get themselves in order and respond within 3 months to a claim. As usual, this did not happen, delays came, deadlines passed but finally, issues are starting to be resolved.

It is with great pleasure that we can announce another banner month against the Clausula Suelo and we have had offers in this month for various clients, totalling just over € 50,000. The banks have learnt that the clients will not go quietly into the night and neither will their representatives.

Many of the leading banks in the country are now looking at the Clausula Suelo situation properly and are dealing with the damage it has caused to you, the client. We are delighted to see that offers are coming in but we still have work to do and patience to ask.

Some banks are still denying the case, some are giving lesser offers, we will deal with each as we need to, for now, we wish to rejoice with those clients that have had their reward and remind those waiting, it is coming, the tide is turning.

We are happy to help, so if you would like more information please get in touch or give us your number and we will call you back.