The Spanish high court has ruled that a clause in some mortgages are illegal becuase of a “floor clause”, meaning that the mortgage rate can’t drop below a certain level
What is “Clausula Suelo” ?
It is a clause in the mortgage contract that stipulates a minimum interest payment. A “Floor clause”
On a variable rate mortgage a “Clausula Suelo” is a minimum interest payment.
How much can I claim ?
This depends on a number of factors:
- What the minimum interest rate was set at?
- The loan amount
- How long the floor clause was active for,
How do I claim ?
X offer a free assessment, to see if you have been affected by this and whether you can make a claim.
To start the process please complete the form below and X will connect you
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