A NEW Law 5/2019 of March 15 actually came into force on June 16 and as it is more commonly known, the Mortgage Law is a regulator of real estate credit contracts. This new law has introduced important new elements which will apply when you approach a bank for a mortgage loan. Amongst these changes, […]
Clausula suelo: Mortgage floor rate clause ( minimum interest clause). It is legal?. How to claim against Spanish bank for interests charged back.
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Accelerated repayment clause in mortgage loans. Nullity. Judgment of the CJEU.
ON March 26 of this year, the Grand Chamber of the European Court of Justice issued a court decision on the accumulated cases C-70/17 and C-179/17, relating to accelerated repayment clause or the early maturity clause contained in the majority of mortgage loans in Spain. First of all, it should be remembered that the […]
Claim for mortgage loan expenses. The last Supreme Court decision. 2019
IN today’s article we want to consider the recent decision made by the Spanish Supreme Court regarding the expenses and costs clauses included in mortgage loans deeds. Amongst others, it is important to be aware of the court decision 49/2019 of January 23 2019, which states: ABSOLUTE NULLITY OF THE EXPENSES CLAUSE – The […]