This article comments the last Spanish Supreme Spanish Supreme Court ruling of March the 4th 2020 on usurious interest rate on credit cards. What is usury? Nowadays usury is defined as illegal or unproportionate rate to loans. See for instance this definition. Usury laws In the UK the usury...

  This article comments on the European Union Court of Justice ruling of March the 3rd 2020 on the eventual abusive mis selling of the IRPH variable interest rate in Spanish mortgages. The ruling After all the expectation we finally have the IRPH ruling which you can find...

  EUCJ General Attorney conclusions on the IRPH official mortgage rate in Spanish mortgages. IRPH. What is that? IRPH stands for “Índice de Referencia de Préstamos Hipotecarios” and it is one of the official interest rates applicable by banks to mortgages after the most used which is the...

  The Spanish Supreme Court ruling of September the 11th 2019 settles definitely the early cancellation stipulation issue included usually in all the consumers’ mortgage contracts. The end of the story? I think so. The Supreme Court ruling is very clear and fair and gives specific instructions on...

  Many banks forced “agreements” with clients trying to eliminate the floor clauses in exchange to better interest rates but without paying all the monies overpaid by consumers back or paying back just a small amount. The validity of these agreements is expecting a ruling from...

  Case law. A default mortgage payments lead to an eviction procedure. The procedure was not notified at all to the owners until the property was repossessed by the bank. This is an interesting case law I had the honour to deal with. Facts The facts were as follows. A...

    This post is a translation into English of an article which original article you can find here in Spanish. The economic crisis forced many homeowners to put their property on the market to sell, although many were unsuccessful due to not finding a buyer or because...

  Notes on the new mortgage regulations in Spain New mortgage regulations The Act 5/2019 of March the 15th 2019 of the Spanish Parliament approved the new mortgage regulations. You can check the official journal here. Its complete name is Act of real estate contracts. The Act should...

  The EUCJ decided on the December the 21st of 2016 Ruling on some queries made by Spanish courts regarding the possibility to force the banks which applied abusive floor clauses to customers to pay back to them all the monies that the banks charged as excessive...