28 Mar 2018 4:55 PM:

Maria does each region of Spain have different tables then? We were at court in Alicante.

Regards Ian

Thread: legal Interest rates

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28 Mar 2018 11:08 AM:

Maria , Fazarelli,

The interest I was awarded was confusing to me, however I now realise that the way it has been calculated is as follows.

For each year the interest is worked out i.e. 2005 was 4%. So multiply the deposit by 4%. i.e..if deposit was 50000 Euros the interest for this year would be 2000. This figure is then multiplied by the delay interest which was 3% which is 60 Euros, so the total for 2005 is 2060 Euros.

My one concern is that the delay interest in the table posted by Maria is very different to the one supplied by my lawyer which was for 3% for each year.

Appreciate any comments Maria.

Regards Ian

Thread: legal Interest rates

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27 Mar 2018 8:58 AM:

Morning Maria,

so are the interest added together or is the delay interest a percentage of the interest for each year. 

Regards Ian

Thread: legal Interest rates

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26 Mar 2018 4:54 PM:

Hi Maria thanks for your help but Im still not sure what it is. Is it an extra payment or is it inclusive of the rates that you put on here.

Thanks again Ian

Thread: legal Interest rates

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25 Mar 2018 8:13 PM:

Maria what does this mean, the courts need to add the judicial delay interest?

Thanks in advance.

Ian

Thread: legal Interest rates

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