Spain’s Bankia to refund all clients over “abusive” mortgage clauses - Sarah Waddington Solicitors

With over 20 years’ experience in many aspects of law and litigation

01920 481 499

Contact Us

Mill Studio, Crane Mead, Ware

Hertfordshire SG12 9PY

Spain’s Bankia to refund all clients over “abusive” mortgage clauses

Free Consultation

Article from El Pais

El_Pais_logo_wordmark_El_País

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.

Read the full article here

money-168025

Following a judgment of the European Court of Justice on 22nd December 2016 you may be able to claim compensation from your bank if you have a mortgage containing a so called “floor clause” or clausula suelo.

Please contact us for a free review of your mortgage deed if you suspect that you may have a mortgage containing this clause and you are interested in claiming compensation Contact Us

Request Call Back

  • This field is for validation purposes and should be left unchanged.
Widbury Barns, Widbury Hill, Ware, Hertfordshire, SG12 7QE