Mini-guide: Understanding abusive clauses in Spanish mortgage contracts
In Spain, the prevalence and impact of abusive clauses in mortgage contracts have been a significant legal issue, impacting a vast number of consumers.
Mortgages
Understanding the CJEU’s landmark decision on early repayment clauses in consumer credit contracts
The crux of the CJEU’s decision lies in the judicial scrutiny of early repayment clauses in consumer credit contracts. These clauses, often seen in mortgage agreements, allow lenders to demand full repayment of a loan before the agreed term under certain conditions.
Understanding reverse mortgages: A financial opportunity for seniors
Recently, Mapfre and Santander have announced the launch of their much-anticipated reverse mortgage product, a financial solution designed to provide seniors with a steady income stream based on their home equity.
Understanding mortgage novation: A comprehensive guide
Mortgage novation is the process of renegotiating and changing the terms of an existing mortgage loan with your current lender. This is typically done by modifying the original contract through an agreement reached with the bank and formalized in the presence of a notary.
Unlocking the trend of co-living: flexibility, community, and legal insights
In an era of soaring property prices and unaffordable rents, young adults often find themselves in a housing conundrum. How can they achieve the dream of living independently without breaking the bank?
Frequently Asked Questions about the Mortgage Opening Commission Ruling
The court declared a mortgage opening commission clause, signed between a couple and Unicaja, as null and void due to its abusive nature, obligating the bank to refund €1,812.50, plus interest and legal costs.
EU ruling opens the door to claims over “unclear” IRPH-linked mortgages
The Court of Justice of the European Union issued a ruling on 13 July 2023 which could pave the way for claims against banks which used Spain’s mortgage price index …
EU ruling opens the door to claims over “unclear” IRPH-linked mortgages Read More
EU ruling adds damages compensation to refund amounts in Abusive Clauses Cases against Banks
A recent judgement from the Court of Justice of the European Union (CJEU) has strengthened consumers’ rights in the case of a mortgage loan being cancelled on the grounds of …
Two new positives for off-plan buyers in the new housing law in Spain
The Law for the Right to Housing, published on 25 May 2023 in the Spanish Official State Gazette, has brought with it a raft of changes aiming to reform and …
Two new positives for off-plan buyers in the new housing law in Spain Read More