The floor clause is a contractual term included in several Spanish mortgages, it has been considered abusive in most cases according to the Spanish courts.
Literally any mortgage before 2015 could have a floor clause.
By setting a limit on how far mortgage rates can fall the bank forces you to pay a higher instalment even if the market interest rates were lower.
Our advice: If you think your mortgage contains a floor clause… You know what to do!
It will take you less than 3 minutes to know the amount you can recover.
It is recommended that you have your mortgage deed close by to access basic information such as:
The date of signature, the minimum interest rate applied or if it has suffered variations over time.
1. Enter all the data.
2. Find out how much money you can recover from your ground clause.
3. Claim your bank.
We will keep you informed during the whole process: