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BBVA to remove mortgage floor clauses
13 June 2013

BBVA to Stop Applying Mortgage Floor Clauses After Supreme Court Ruling

BBVA and Cajamar will remove mortgage floor rates Banco Popular and Sabadell resist in bid to avoid losses 425,000 customers could benefit These clauses must be removed if there is a lack of...
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Euribor closes at historic minimum in March
03 April 2013

The Euribor Hits All-Time Low and Reduces Mortgages by 780 Euro a Year

The Euribor had been on a steady rise for the last two months Those due for mortgage revision will see their repayments reduced by 65 euro per month The Euribor now sits at 0.545%. In March 2012 it...
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Does your Spanish mortgage contain a floor clause?
26 March 2013

Is There a Floor Clause in Your Spanish Mortgage Agreement?

A floor clause sets a minimum interest rate for mortgages, usually around 3 or 4% If the Euribor + differential is lower, clients cannot enjoy the benefits A court ruling announced that floor clauses...
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