On 21st December 2016, the European Court of Justice (ECJ) ruled that the minimum interest rate clauses contained in some Spanish mortgages were “abusive” and therefore invalid.  This opens the opportunity to claim back the excess interest and capital that were taken during the mortgage.

These minimum interest rates are what are known as “Floor Clauses”, and following this judgment, the government has recently established an out-of-court procedure to claim the money back from the bank.

To ensure your rights, we recommend that you contact one of our Spanish legal advisors, so that we can assess the amount of money that you should receive, and ensure your refund is correct.

This applies to both foreign and Spanish residents, so do not hesitate to contact us by email at juridico@sfgestion.com, and one of our lawyers will be pleased to help you.