Floor Clauses in Spanish. Mortgages

Floor Clauses in Spanish. Mortgages

Some Spanish mortgage lenders have been overcharging borrowers using illegal ‘floor’ clauses that limit the minimum interest rate they can charge. Borrowers with mortgages in Spain taken out in the boom years could be entitled to a substantial refund. What is a...
WIPE YOUR MORTGAGE OUT: DACIÓN EN PAGO

WIPE YOUR MORTGAGE OUT: DACIÓN EN PAGO

Do you want to leave Spain but you cannot sell your property because of the current market price? Are you unable to cancel your mortgage? Are you thinking about giving the keys back to the bank? We give you the keys in this blog. The collapse of property prices has...