28 Sep 2016 12:05 PM:

I have spoken to a local solicitor who stated there is no way the Banks will volunteer any refunds and that I will need help from a solicitor to obtain this redress. I am waiting until the final ruling to see if the courts will back date redress to the start of the loan.

It will be interesting to see what happens.

If this were a UK Bank - we would be able to simply write a letter of complaint and recieve redress directly or via Financial Ombudsman decision.

 

Thread: Spanish Bank - Judgement of the Supreme Court - December 2015 - minimum exchange rate clause

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22 Jun 2016 4:18 PM:

I can  remember really struggling to keep on top of this mortgage when the credit crisis hit, at a time when my repayments should have reduced significantly due to Euribor falling through the floor. I questioned my rate in 2009 and was pretty much fobbed off and lied to.

I will certainly not let off the Bank from repaying the overpaid interest.

Thread: Spanish Bank - Judgement of the Supreme Court - December 2015 - minimum exchange rate clause

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22 Jun 2016 1:36 PM:

Yesterday I received a call from my bank in Spain, making me a wonderful offer out of the blue - to fix my mortgage for the remaining 10 year term at 1.75%. Sounded really good!

However, once they forwarded me a copy of the offer to sign - I realise they are trying to get me to sign away my right to claim against the Bank under the above ruling - which orders the Bank to repay overpaid interest from May 2013 and possibly for the whole of the loan.

Really underhand!!

Does anyone know if I need a solicitor to make this claim or do I just claim directly from the Bank?

Should I wait until the ruling from Court of Justice of the European Union (in the next few months) before i claim?

Warren

Thread: Spanish Bank - Judgement of the Supreme Court - December 2015 - minimum exchange rate clause

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