Spanish Mortgage Loans: An Overview

by Spanish Lawyer - as credited
Hits: 181

This blog is about mortgages clauses carefully and often secretly placed within Spanish mortgage deeds - which are rules as being abusive. The list within the blog collates the ten most common abusive mortgage clauses but readers should be aware there are many more!

For those seeking a better understanding about Spanish Mortgages (beyond the relatively simple reclaim process in respect of overpaid interest) we are grateful to be able to reproduce this article from the legal web site of Raymundo Larraín Nesbitt
Lawyer – Abogado - 8th January 2012

Spanish Mortgage Loans: An Overview – 21st February 2012

For a clause to be deemed abusive under Spanish law two requirements need to be met:

a) The clause must inflict harm on the consumer, whether financial or of some other nature. The consumer can either be a physical or legal person. It is important they are viewed as an end-user or consumer who is not knowledgeable on the matter.

More info

Abusive mortgage clauses - Spanish Legal information

by Spanish Lawyer - as credited
Hits: 145

This blog is about mortgages clauses carefully and often secretly placed within Spanish mortgage deeds - which are rules as being abusive. The list within the blog collates the ten most common abusive mortgage clauses but readers should be aware there are many more!

For those seeking a better understanding about Spanish Mortgages (beyond the relatively simple reclaim process in respect of overpaid interest) we are grateful to be able to reproduce this article from the legal web site of Raymundo Larraín Nesbitt
Lawyer – Abogado - 8th January 2012

What is regarded as an abusive clause?

For a clause to be deemed abusive under Spanish law two requirements need to be met:

a) The clause must inflict harm on the consumer, whether financial or of some other nature. The consumer can either be a physical or legal person. It is important they are viewed as an end-user or consumer who is not knowledgeable on the matter.

More info