Tag: Spanish banks

  • What is a “cedula hipotecaria”?

    You may have heard about the “cedulas hipotecarias” or covered bonds. A “Covered Bond” is a financial product guaranteed by the whole mortgage portfolio of the bank itself with an interest linked to it. This is a safe product in a normal economic climate and it could be quite profitable (in fact, during the property…

  • Some hope for Spanish home owners in mortgages arrears

    The Court of Appeal in Navarra issued on the 17th December of 2010 a Judgment that is raising hopes and expectations for home owners of Spanish properties that are today in mortgage arrears.  Any person entering into a Spanish mortgage responds with all his personal assets for the payment of that debt. This means that,…

  • About the Spanish “swaps” in the banking practice

       Photograph by www.freefoto.com “Swaps”. Perhaps not a word that would mean much to the people who live outside Spain but the truth is that this is a hot topic right now in the Iberian Peninsula. The reason, as always, has something to do with the banks. In this case, the word “swaps” refers to…