Spanish Mortgage - Supreme Court Decision
Oct 18th 2018, 12:32 pm
#1
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Spanish Mortgage - Supreme Court Decision
Today the Supreme Court finally ruled against the banks and stated clearly they are responsible for their own fees associated with setting up a mortgage. Up until now they have always charged the customer for "Actos juridicos". The cost varies by region but can be anything from €800,- to a few thousand.. This decision is a complete reversal of their previous decision and opens up the opportunity for mortgage holders who took out a mortgage in the last four years to claim directly against their bank for a full refund.
If you have a mortgage - go for it. I tried to claim a year ago and got caught out by the previous ruling.
If you have a mortgage - go for it. I tried to claim a year ago and got caught out by the previous ruling.
Oct 18th 2018, 8:03 pm
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Re: Spanish Mortgage - Supreme Court Decision
Why only the last four years my Abogado started a no fee claim about a year ago and my mortgage is 10yrs old. When the original court decision was made he started to mark time waiting for this judgement since the part of the claim which would have been allowed was not great. This decision was fully anticipated since the residents groups were up in arms about the last one and would shurely have gone to the ECJ and won just as they did with Claudio Suelo!
Oct 19th 2018, 8:26 am
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Re: Spanish Mortgage - Supreme Court Decision
Why only the last four years my Abogado started a no fee claim about a year ago and my mortgage is 10yrs old. When the original court decision was made he started to mark time waiting for this judgement since the part of the claim which would have been allowed was not great. This decision was fully anticipated since the residents groups were up in arms about the last one and would shurely have gone to the ECJ and won just as they did with Claudio Suelo!
Oct 20th 2018, 8:19 am
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Re: Spanish Mortgage - Supreme Court Decision
Nov 7th 2018, 3:09 pm
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Re: Spanish Mortgage - Supreme Court Decision
U-Turn confirmed..............https://elpais.com/elpais/2018/11/05...12_665951.html
Nov 7th 2018, 3:46 pm
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Re: Spanish Mortgage - Supreme Court Decision
U-Turn confirmed..............https://elpais.com/elpais/2018/11/05...12_665951.html
Nov 10th 2018, 9:02 am
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Re: Spanish Mortgage - Supreme Court Decision
Nov 10th 2018, 9:39 am
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Re: Spanish Mortgage - Supreme Court Decision
Nov 10th 2018, 12:54 pm
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Re: Spanish Mortgage - Supreme Court Decision
It isn't over until it's over. The government in the process of shifting legislation now to "credit score" mortgage applications. Also looking at how the banks always insist on linked insurances etc. Whole new can of worms.
Nov 15th 2018, 10:32 am
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Re: Spanish Mortgage - Supreme Court Decision
This from https://moneysaverspain.com/
More Mortgage (Good) NewsThe Government has announced that more changes are on the way and that in the future consumers will only have to pay the valuation fee when taking out a mortgage.
This would finally help solve the current problem that homeowners, in most cases, can't change mortgage provider to get a better deal due to the high extra costs that are included.
Additionally, after the approval of last week's new law regarding banks now having to pay the mortgage tax, banks have announced that, for the moment, they won't be changing their mortgage rates for fear of a public backlash.
Could it be that after years of consumers paying around 10% to take out a new mortgage just in fees, that we could finally end up paying an average of only 400€?
More Mortgage (Good) NewsThe Government has announced that more changes are on the way and that in the future consumers will only have to pay the valuation fee when taking out a mortgage.
This would finally help solve the current problem that homeowners, in most cases, can't change mortgage provider to get a better deal due to the high extra costs that are included.
Additionally, after the approval of last week's new law regarding banks now having to pay the mortgage tax, banks have announced that, for the moment, they won't be changing their mortgage rates for fear of a public backlash.
Could it be that after years of consumers paying around 10% to take out a new mortgage just in fees, that we could finally end up paying an average of only 400€?
