Spanish Property | Mayo Wynne Baxter

Spanish Supreme Court has obliged banks to reimburse mortgage interests to clients

Courthouse

It is rather impressive how the Spanish property investment changed from being one of the main economy sectors to being one of the factors that caused the crisis in Spain. During the golden years, investors around the world invested in properties mainly in the Mediterranean Coast with some taking on Spanish mortgages. Considering the last… Read the rest of this post (No Comments)

European court of Justice ordered full refund of overpaid interest in Spanish mortgages

Gavel and columns

Following on my colleague Cristina’s article regarding the decision of the Spanish Supreme Court obliging banks to reimburse mortgage interest to customers, the European Court of Justice (ECJ) has now confirmed that there is no temporal limit and therefore claims can be made for a total retroactivity. In May 2013, the Spanish Supreme Court ruled… Read the rest of this post (No Comments)

Spanish inheritance – a few brush-strokes

spainish-street

“Happiness is not something ready made. It comes from your own actions” Dalai Lama If you are enjoying a holiday home in Spain, it may be a good idea that you also consider organising your paperwork to try to make your heirs’ life easier at the time of bereavement. Unfortunately, many people have been thrown… Read the rest of this post (No Comments)

Spanish Supreme Court has obliged banks to reimburse mortgage interests to clients

Sunrise over Genalcuacil, one of the white villages or"pueblos blancos" of Andalucia, Spain.

It is rather impressive how the Spanish property investment changed from being one of the main economy sectors to being one of the factors that caused the crisis in Spain. During the golden years, investors around the world invested in properties mainly in the Mediterranean Coast with some taking on Spanish mortgages. Considering the last… Read the rest of this post (No Comments)

Glimmer of hope for those lost Spanish property deposits

spanish-house

The beginning of the 21st century property boom encouraged many people to invest in property abroad and particularly in the South of Spain. Investors saw potential of the area, whilst lots of Britons enjoying the great weather decided to invest their life savings in a property there, maybe for holidaymaking or to retire. At that… Read the rest of this post (No Comments)

La ley aplicable bajo el derecho inglés para casos de responsabilidad civil por lesiones antes de Roma II

Soccorso autostradale

Por Carmen Calvo-Couto, Solicitor en Mayo Wynne Baxter LLP Cuando nos encontramos ante litigios con elementos transfronterizos, es importante tener en cuenta qué ley aplicará el tribunal competente de la cuestión. Aunque en ocasiones pueda parecer sencillo, no es necesariamente el caso cuando estamos hablamos de litigios ante los tribunales ingleses y, particularmente, cuando preceden… Read the rest of this post (No Comments)

An eye on the Spanish property market

The BBC recently reported sharp fourth quarter falls in sales in the Spanish home market. An 11.2% fall last year followed by a 9.6% drop in just the last quarter, all served up on a backdrop of high unemployment and a continuing struggle with recession. More importantly, what does this mean for you and your… Read the rest of this post (No Comments)