Question-01. What is a FLOOR CLAUSE?

A “floor clause” or “clausula suelo” in Spanish, is a clause contained in a tracker mortgage that requires the borrower to pay a minimum interest rate, even when the interest rate it is tracking (Euribor) is lower.
These 'floor clauses' have consequently resulted in people paying much more interest than they should have. On a typical 30 year mortgage of €150,000 this could amount to €200 or more per month.