10 Common Abusive Clauses in Spanish Mortgage Loans

[Lawbird Lawyer]

Dear Madam,

As explained in my last article, Advice to Struggling Mortgage Borrowers in Spain – 3rd February 2010, one of the solutions I propose is simply to swap lenders to waive bothersome collar clauses.

For example you have Banesto bank which is marketing really aggressively their mortgage "hipoteca smash". They offer to pay for ALL transfer expenses to switch over to them, including Notary, Land registry fees, cancellation commission of your lender, gestorÃ*a, surveyor etc.

https://www.banestopromociones.com/h...h/?idm=53-ud8i

You also have La Caixa bank offering an equally aggressive product "hipoteca rompe suelos" (collar clause breaker):

http://www.euribor.us/hipoteca_rompesuelo_la_caixa.php

Let us know if we can assist you changing your mortgage to another lender or else renegotiating your mortgage terms and conditions and formalising it at a Notary public in a deed (called "novación" in Spanish).

Yours sincerely,
Raymundo LarraÃ*n Nesbitt