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Boomtime Mortgage borrowers could get thousands back as European Court of Justice opens floodgates to claims against banks for abusive mortgage clauses

Posted by: In: Real Estate 24 Dec 2016 Comments: 0 Tags: , , , , , , , , , , ,
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The decision is final: Spanish mortgage lenders are now on the hook for billions more in refunds for overcharging mortgage interest payments based on illegal clauses that limit the minimum interest rate they can charge. Borrowers with mortgages in Spain taken out in the boom years ago could be entitled to a substantial refund.

Source:: Spanish Property Insight

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