Tag: Spanish mortgages
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Returning the keys to the bank after the death of a relative
One of the first phrases that I learnt when I moved to the UK to work as a Spanish lawyer was “catch 22”. At the beginning I did not have a clue as to what it meant (‘a paradoxical situation from which an individual cannot escape because of contradictory rules or limitations’ says Wikipedia) but…
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Spanish mortgages – Latest news.
Following our previous article about mortgages in Spain. The CJEU resolution (21th of December 2016) allows consumers to claim their money back retrospectively from Spanish Banks As we explained in our previous article, The Court of Justice of the European Union (CJEU) was recently asked to decide about an important case for Spanish…
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Returning the keys back to the bank
A REAL CASE OF A SUCCESFUL DACION EN PAGO This is a real case that we saw in the office some months ago. For obvious reasons, no names will be mentioned. The important thing is what happened and how the matter was resolved. Let me explain what happened. In year 2006 two friends bought…
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CHANGES TO THE SPANISH LEGISLATION REGARDING FORECLOSURE
Given the increase of evictions and the drama that this carries to the Spanish society, a new Law (1-2013 14th May) has been launched in order to protect those who cannot pay the mortgage. The new law aims at helping those who, if provided with…
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Here we go again
I am a usual reader of the news bulletin from Idealista.com. I like it because it comes every Friday with a summary of the most relevants news in respect of the property market. The interesting thing about this news bulletin is that it does not have any alliances and you can easily…
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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…