We also encourage those clients who may not be subject to a floor clause, but who did not sign at the time confirming that the Euribor would be the reference for interest rates; but instead signed up for other references such as the IRPH or multidivisa. In fact, these types of interest rate can also be annulled with huge economic advantages for the client.
Finally, anyone who has signed a mortgage contract, including those who repaid it in full less than four years ago, as the right to reclaim the majority of the expenses that they paid for the constitution of the mortgage. In other words: the notary fees, registry costs, administration and taxation fees etc.
All of this is permitted due to the abusive practice of attributing all the costs to one party when both parties – bank and client – are beneficiaries of the mortgage contract given that the buyer not only obtains finance for his or her property purchase, but the bank also gains from the interest rates on the mortgage.
For this reason, the fact that clients have paid all costs without having been given the opportunity to negotiate this has been ruled as abusive by Spanish courts, and clients have the right to reclaim. For all of these reasons, it makes sense to contact us with your mortgage agreement. We’ll provide you with further information and assess your claim.