Lots of Britons and foreigners from other countries purchased Spanish off-plan properties during the last decade. In order to do so, they had to make large deposits in advance. However, the financial crisis came along and many developers went out of business, leaving the buyers without their promised property, not reimbursing their deposits.
Spanish Supreme Court ruled in 2015 that banks had to guarantee your deposits by law, keeping such amounts in a secure and independent bank account. Now, those affected can claim against the bank and get their money back plus legal interest of 4.5% per annum.
As we have stated previously, your deposit had to be guaranteed by law, either through bank insurance or bank guarantee. We recommend you to claim if:
Now you’re closer to getting your money back. Our advice is to start your claim as soon as possible.
We have set up this brief online form to get to know your case. You can fill it out from your computer or smartphone at any time. You just have to: