Month: December 2016

Declared null the limitation interest clauses in mortgages. Asking the banks the refund of the overpaid to them

By Andreu & Alenda Abogados- legalservice@andreualenda.com The “clausulas suelo” , translated as limitation interest clauses, were included in most variable home mortgages, to put a minimum interest rate that the client should pay, regardless of what the Euribor eventually lowered. Variable interest was calculated adding a rate to the Euribor (the main benchmark for most… Read more »