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?