What is a floor clause?
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.
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Is my mortgage affected by the floor clause?
The floor clause is a contractual abusive term illegaly included in many mortgages in most cases according to the Spanish courts. It establishes the minimum interest rate to be applied in the monthly instalments of your mortgage, regardless of the actual interest of the market.
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How does it affect me?
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… claim!
Start your claim nowHow does it work? By answering some questions, you will know if you qualify for claiming (and get a few extra quid in the pocket)
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:
1. Answer some simple questions.
2. Scan and send us the requested documentation.
3.A legal expert will contact you to let you know how much money you can claim back.