Banking Lawyer

Our lawyers specialized in banking law claim your money for the bad banking practice in Spain in the last years.

What are unfair terms? Those clauses imposed by banks in order to guarantee their own benefit to the detriment of the consumer.

Abusive clauses that entail the restitution of sums of money:

• IRPH: (Índice de Referencia de Préstamos Hipotecarios) as a general rule the IRPH has always been well above the EURIBOR and MIBOR, we can affirm that the banks used it knowing the drastic fall of the EURIBOR in their economic forecasts. The CJEU ruling of March 3, 2020 allows those affected to claim in court what was unduly paid to the bank.
• Clausula suelo (floor clause): This is a limit in the event of a drop in the interest rate. The banks included in millions of mortgage loans a clause limiting the lowering of the interest rate, knowing that the bank's own forecasts pointed to a fall in the Euribor.
• Expenses to be paid by the borrower: The bank imposed the payment of agency, notary and registry fees for the constitution of your mortgage to you, this banking practice has been considered abusive by the courts opening the possibility to claim bank charges.
• Multi-currencyclauses: The Multi-currency Mortgage is one in which the amount of the installment to be paid refers to a specific currency, either Swiss francs or Japanese yen. This product was marketed very frequently and did not seem abusive, until 2010 when, due to the financial crisis and the alarming fall of the Dollar and Euro, consumers realized that they were still paying a large amount in their monthly installments, which was declared abusive by the courts.

Other abusive clauses:

• Rounding clause.
• Credit assignment clause.
• Default interest clause.

You can find more information about abusive clauses and securitized loans in our department of Real Estate.

How do our lawyers work on banking products?

• We work through all phases of the process, from the initial assessment consisting of the review of the clauses of the contract to examine the banking malpractice to the assessment of the feasibility of obtaining compensation or economic damage in favor of the client.
• We initiate the extrajudicial phase to try to reach an agreement or if this is unsuccessful, we file a lawsuit.
• We indicate to the client the viability of the case and the probability of success.
• We work on a contingency fee basis: Our fees will be a % of your winnings.

TG Online- Legal Consulting invites you to make a first consultation free of charge and without obligation to present your case, you can see our offers at your lawyer online.