Did you take out a mortgage in Spain between 2000 – 2016? You may be entitled to compensation.
Thousands of overseas buyers have been affected by unfair mortgage terms such as floor clauses, IRPH, and mortgage expenses. Whether you’re concerned about overpaid interest or simply want to understand your rights, it’s important to know where you stand and what action you can take.
Start your no win no fee claim
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You can file a claim in the following situations:
Current mortgage holder
If you still own the property and are paying the mortgage.
Ex Spanish mortgage holders
If you still own the property but have already paid off the mortgage.
Owned a Spanish property
If you sold the property and paid off the mortgage.
Took out a Spanish mortgage
If you had a Spanish mortgage between 2000 and 2016 to purchase or renovate a property
3 ABUSIVE CLAUSES
There are essentially three abusive clauses through which affected consumers may be able to recover a significant amount of money:
IRPH
Floor Clause
Mortgage Expenses
You can claim restitution for any of these individually or collectively.
DOES THIS APPLY TO YOU?
EXPLANATION OF EACH ABUSIVE CLAUSE
IRPH CLAIMS
At JLCA & AS, we’re dedicated to protecting your financial rights. If your mortgage uses the IRPH—a rate that often leads to higher costs due to hidden fees and a built-in margin, recent legal rulings have confirmed that banks must fully disclose its impact.
WHAT IS A FLOOR CLAUSE?
Between 2000 – 2012, banks added clauses to mortgage agreements that prevented borrowers from enjoying lower rates even when the market index dropped. For example, if your mortgage had a floor clause fixing your rate at 4% while the index fell to 2%, you’d be charged extra each month. This practice is both illegal and fraudulent.
WHAT ARE MORTGAGE EXPENSES?
Mortgage loans involve processing costs like notary, registration, management fees and pre-purchase property valuations — expenses that should be fairly shared between you and the bank. Yet, under previous regulations, banks forced clients to cover these costs entirely, a practice we recognise as abusive.
If you provide us with a copy of your Notarial Deed of Mortgage Loan, we will evaluate the viability of your claim for free. Our Law Firm offers the option to pursue the case with no costs to you (No Win, No Fee), with the only exception being the fee for the Notarial Power of Attorney needed to represent you before the Spanish court.
You can claim in the following situations:
If you still own the property and are paying the Mortgage.
If you still own the property but have already paid off the Mortgage.
If you sold the property and paid off the Mortgage.
STUDY OF DOCUMENTATION
Free preliminary study of the Mortgage Deed and other available documentation to identify any clauses that are abusive.
CALCULATION OF AMOUNTS TO BE RECOVERED
SIGNING OF THE POWER OF ATTORNEY
SUBMISSION OF CLAIM
Submission of the out-of-court complaint to the corresponding banking institution
FILING OF CLAIM
Filing a claim against your bank, requesting the nullity of the abusive clauses and the recovery of the money that corresponds to you with legal interest.
OBTAIN YOUR MONEY
Once we have a successful judgement, we will arrange the payment to your bank account.
We are here to help, get in touch now.
This initial consultation puts you under no obligation to use our services.
The fastest way to start your claim is to complete the enquiry form. It only takes 20 seconds, and we will get straight back to you.
Or call us on +44 20 7190 9911