Mortgage & Cap, Floor Clauses, IPRH

CPM LAWYERS can assist with removing these clauses from your mortgage agreement.

Most of borrowers with mortgages in Spain taken out in recent years could be entitled to a substantial refund.

Recent judgments in the EU and Spain are in favour of the clients who signed the mortgages without having transparent information. Some Spanish mortgage lenders/banks have been overcharging borrowers using illegal ‘FLOOR’ CLAUSES that limit the minimum interest rate.

If your mortgage agreement includes a floor clause, whether referred to EURIBOR or IRPH indicators, you should get paid back the difference between the level of the floor rate and the level of interest reference for the period below that, as well as compensatory interest.


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