THERE are tens of millions of euros waiting to be claimed from banks in Spain this year from one dodgy now outlawed policy.
Did you have a bank account with Sabadell, Sol Bank or Unicaja? Do you still have accounts with La Caixa, Santander or BBVA?
You could be in for a substantial refund if your mortgage included a so-called ‘floor clause’ (cláusula suelo), a term now widely recognized as abusive and illegal under Spanish law.
This is where my team at Fairway Lawyers steps in.
The floor clause, sneakily embedded in mortgage agreements, prevented interest rates from falling below a certain percentage, even if the Euribor (the primary index for calculating mortgage rates) dropped significantly.
For years, Spanish homeowners unknowingly overpaid on their mortgages, collectively losing hundreds of millions of euros to this unfair practice.
While many banks initially resisted refunding these sums, landmark Supreme Court rulings and subsequent European Court of Justice judgments have cemented the illegality of these clauses, forcing banks to repay affected customers.
Diego Echavarria and Fairway Lawyers: A Track Record of Success
My firm Fairway Lawyers has been at the forefront of this legal battle, transforming a complex, intimidating legal process into a straightforward, no-risk opportunity for our clients.
My specialized knowledge and tactical approach to banking litigation have resulted in countless successful claims.
But my track record isn’t measured in mere legal victories but in the tangible financial results delivered to my clients – recovering tens of thousands of euros for hundreds of individuals and families over the last decade.
Above all, my team understands that many potential claimants are wary of legal fees and the stress of litigation, especially against large financial institutions.
This is why we operate on a stringent ‘no-win, no-fee’ basis.
This commitment means that clients face ZERO upfront costs and ONLY pay a final percentage of the recovered money – AFTER – the bank has paid the refund.
If the claim is unsuccessful, the client pays nothing for the legal services, completely removing the financial risk from the equation.
The Fairway Difference: Simplifying the Claim Process
The process of claiming back the money due to the floor clause can be labyrinthine if attempted alone.
Banks often employ delaying tactics or offer low-ball settlements that barely cover a fraction of what is truly owed.
Fairway Lawyers cuts through this complexity, providing a streamlined, efficient service:
1. Free Initial Assessment: Our team first reviews your mortgage documentation to confirm the presence of an illegal floor clause and accurately calculate the exact amount you are entitled to claim. This calculation includes not only the overpaid capital but also the corresponding legal interest accrued over the years.
2. Professional Negotiation: The firm attempts an initial out-of-court settlement with the bank. Crucially, they negotiate from a position of strength, armed with robust legal analysis, ensuring the bank takes the claim seriously.
3. Vigorous Litigation (If Necessary): If the bank refuses a fair offer, we proceed to court. Our specialized expertise in Spanish banking law ensures the case is presented powerfully, leading to court orders that compel the banks to pay the full, legally mandated refund.
ALREADY SOLD? ALREADY CLOSED YOUR ACCOUNT?
Don’t worry. For clients who have already sold their property or paid off their mortgage, the ability to claim the overpaid amounts STILL remains.
We excel at tracing these historical overpayments, proving that even a decade-old mortgage can yield a significant refund.
My firm’s success is built on meticulous preparation and an unwavering dedication to ensuring that banks are held accountable for their past illegal practices.
By consistently achieving positive outcomes, Fairway Lawyers has become the trusted voice for expatriates and residents seeking justice and financial relief from the burdensome floor clause.
Our efforts are directly responsible for putting millions of euros back into the pockets of the people who were wronged.
If you want to claim for a mis-sold mortgage – NO WIN, NO FEE – or feel you may have been affected, contact diego@fairwaylawyers.com or send a message via WhatsApp to +34 606 307 885.
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