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El blog de Maria

Your daily Spanish Law reporter. Have it with a cafe con leche. www.costaluzlawyers.es

Legal tip 1318. Mortgage on an illegal property? Did the Bank impose a mortgage on you?
03 September 2015 @ 14:23

 Do you have a mortgage on an illegal property? Did the Bank impose the mortgage on you?

I have recently been reviewing great pro-consumer, pro-buyer Case Law on illegal mortgages. We have several clients suffering from these situations: either because of having mortgages on illegal properties or because the mortgages were illegally imposed on the buyer.

So….maybe not you (lucky you), but perhaps a family member or a friend is in one of these predicaments:

  • Is paying a mortgage which was imposed on them before completing because the developer had over-mortgaged the development with no previous consent of the off-plan buyers
  • Is paying thousands of euros for a mortgage on an illegal property.

There is now Case Law for a solid defence of these situations in favour of consumers. Good punishment to Banks again!

A field closed to Zahara de los Atunes, Cadiz, Costa de la Luz, South west of Spain

 

 



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