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Featured on BBC Breakfast TV – Spanish Mortgage Compensation Group – Off Plan Developers and Banks to Compensate Clients

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Off Plan Developers and Spanish Banks to Compensate Clients – Featured on BBC Breakfast TV Customers that have paid in advanced for off plan developments in Spain are now entitled to thousands of Euros in compensation from developers and Spanish Banks. This is a landmark ruling by the European Courts that opens the floodgates to […]

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Spanish banks lose European case over mortgage floor clauses

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Yes that is correct. Spanish banks have lost a European Court of Justice case. Therefore the courts have ordered lenders to hand back to their clients all the money they made on “unfair” mortgage floor clauses. Spain’s banking sector suffered an unexpected blow on Wednesday when the European Court of Justice ordered lenders to hand […]

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WHAT IS THE “CLAUSULA SUELO” (“Floor Clause”)?

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WHAT IS THE “CLAUSULA SUELO” (“Floor Clause”)? It is a small ‘clause’ slipped into the weighty terms and conditions of many ‘tracker’ mortgages & loans provided by over 40 Spanish banks, over the past decade or more. This ‘clause’ had been judged ‘unlawful’ by the European Court of Justice. The ‘clause’ placed an arbitrary minimum […]

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About Us

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WHO WE ARE AND OUR CREDENTIALS Spanish Mortgage Compensation Group” (UK and Spanish based) is a subsidiary of the “Spanish Claims Group” and a fully compliant member of the independent umbrella organisation “Class Action Consumer Litigation Management”, headquartered in Berkeley Square, London (See www.caclm.com). We are specialists in litigation against large corporations and governments, on […]