Spanish Misold Mortgage Claims

Being mis-sold a mortgage is more common than you may think, with thousands of people experiencing this problem in Spain alone. With the global financial crisis of 2008, Spanish interest rates fell dramatically from 3.75% to 0.005%.

Normally this would mean if you have purchased a property in Spain and took out a mortgage, you would benefit from these exceptionally low rates. However, some Spanish banks did not translate these lower rates to their customers, leaving them to continue paying the heightened rates at a time of global recession.

Apart from the minimum interest rate, there are also costs that banks have been charging illegally (for example, stamp duty). Our service will include a full analysis of all costs that have been charged which should have been paid by the bank.

Why not use the button below and start your claim with the experts at Manzanares Lawyers?

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Since this time there has been an ongoing legal battle as to whether these overpayments should be paid, which in December 2016 reached it’s conclusion. The European Court of Justice overturned the decision of the Supreme Court and ruled that banks should repair overpaid interest from the date that the loan was sold, up until the date of complaint.

So, if you have or have had a loan from major Spanish banks in the past then you may be entitled to a claim. Why not get in touch with a member of the team today and see if you are eligible?

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Here at Manzanares, we have seen a rising number of cases of people who are looking to claim back the money that they have been mis-sold for all this time, and for good reason!

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If you feel like you are entitled to a sum of money as a result of this, then get in touch with the experts at Manzanares Lawyers today. Our 20+ years of experience in the field allows us to cover all bases and to give you the advice you need in what can be a confusing time.

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Simply fill out our online enquiry form to get a quick and informed response from one of the team or give one of our two offices a call on +34 952 82 41 12 (Marbella) or +34 952 59 50 42 (Alhaurin) to get put through directly to one of our experts.

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