All EOS blogs All Spain blogs  Start your own blog Start your own blog 

Spanish and United Kingdom Law

Knowledge and professional experience in English, Spanish and Qatari law.

The Supreme Court rules in favour of the banks for mortgage expenses
16 April 2018 @ 16:40

The Decision has already aroused the first controversies in the Spanish legal scene and in the Consumers Associations that will undoubtedly raise this case to the European Court of Justice which will have the last word to say.

The decision of the Spanish Supreme Court

It is not the first time that the CJEU corrects and amends the decision of the Spanish Supreme Court. Although, the complete sentence has not been published yet. The Supreme Court agreed with the banks in detriment of the consumers considering the AJD Tax (Actos Jurídicos Documentados) should be paid by consumers.

Who pays mortgage expenses

We advanced in our last article Who pays mortgage expenses – lender or borrower? The jury is still out , that clients were expecting this decision as a good opportunity to recover part of their high amount paid on mortgage expenses.

Patricia Suárez, President of Asufin (Association of Financial Users)

Many voices have been already heard against this decision; Patricia Suárez, President of Asufin (Association of Financial Users) who quotes that “the economic impact on banks and the increase in litigation may have weighed on this decision, but Magistrates have been wrong “

Read more



Like 0




0 Comments


Leave a comment

You don't have to be registered to leave a comment but it's quicker and easier if you are (and you also can get notified by email when others comment on the post). Please Sign In or Register now.

Name *
   
Spam protection: 
 
Your comment * (HTML not allowed)
 
 
(Items marked * are required)



 

This site uses cookies. By continuing to browse you are agreeing to our use of cookies. More information here. x