16 Jun, 2018 @ 13:49
1 min read

Malaga courts struggling to cope with number of floor clause cases

property Britain e

MALAGA is struggling to cope with the thousands of floor clause cases being brought to its courts.

The province has the fourth highest number of cases (6,928), beaten only by Barcelona (23,773), Madrid (17,299) and Sevilla (11,056).

The news comes after a special court was created with two judges to specifically deal with floor clause claims.

Judge Jose Maria Paez has said the situation is ‘serious’ and that Malaga simply ‘cannot cope’.
The wait is slowly getting shorter, at least in Malaga, where three judges were already exclusively dedicated to tackling the cases.

In the first quarter of 2018, 286 judgments have been issued in the province and 98.3% of them have been in favour of the defendant. 


Floor clauses imposed a minimum interest rate on floating-rate mortgages by setting a limit on how far they could fall in tandem with the benchmark rate.

In practice, this meant that Spanish mortgage buyers did not profit fully from the record-low interest rate which Spain enjoyed for several years.


The clauses were ruled illegal by the Spanish high court in 2013

Laurence Dollimore

Laurence Dollimore is a Spanish-speaking, NCTJ-trained journalist with almost a decade’s worth of experience.
The London native has a BA in International Relations from the University of Leeds and and an MA in the same subject from Queen Mary University London.
He earned his gold star diploma in multimedia journalism at the prestigious News Associates in London in 2016, before immediately joining the Olive Press at their offices on the Costa del Sol.
After a five-year stint, Laurence returned to the UK to work as a senior reporter at the Mail Online, where he remained for two years before coming back to the Olive Press as Digital Editor in 2023.
He continues to work for the biggest newspapers in the UK, who hire him to investigate and report on stories in Spain.
These include the Daily Mail, Telegraph, Mail Online, Mail on Sunday and The Sun and Sun Online.
He has broken world exclusives on everything from the Madeleine McCann case to the anti-tourism movement in Tenerife.

GOT A STORY? Contact newsdesk@theolivepress.es or call +34 951 273 575 Twitter: @olivepress

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