26 Jan 2021 9:13 AM:

Just thought I would add an update for anyone trying to get money back from a floor clause in their deeds.

As you can see from my other post I filed against the Sabadell bank in February 2018.

Well we had to use a company to fight our cause and initially we lost because the bank claimed I had signed a disclaimer which I had no knowledge of, it appeared that when I was invited to change the terms of my mortgage to a fixed rate, the bank manager managed to sneak in the disclaimer, as I don't have great Spanish I had no idea I was signing my rights away.

Sooooo we appealed and on the 13th of Jan, the appeal was hear and WE WON !!!

So any of you guys going through it, hold your nerve. x

Lorna

Thread: Mortgage Floor Clause Question

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06 Aug 2019 7:55 PM:

Hi, we filed against the Sabadell in February 2018. The bank was originally the Caixa Penedes, As it is now August 2019 I wondered if anyone has had a successful court decision and also how long did it take. The court dealing  ( or not) is in Tarragona .

Basically I just need to know that there are some successes and how long the court process took

 

Lorna x

Thread: Mortgage Floor Clause Question

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08 Jan 2019 6:40 PM:

Hi Maria, thank you so much for replying, does the average of 16 months apply from the time the lawyer applied to the court, I thought we were waiting for a date for the preliminary hearing. So far the wait has been 11+months

 

Are most cases settled at the preliminary hearing stage ?

 

 

Thread: Mortgage Floor clause

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07 Jan 2019 8:31 PM:

Hi all, ( sorry if I have posted in the wrong section)  I posted over a year ago about our Sabadell bank floor clause, as expected the bank refused to pay back the overpaid interest so we have now gone down the legal route.

Our lawyer filed in February 2018.

I just wondered if there have been any successes on this forum and if so how long did it take once you involve the courts.

Thread: Mortgage Floor clause

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31 Oct 2017 8:38 PM:

We don't understand that either, we did query it but we were fobbed off by the bank.

Great news about your claim though ! Do you know what level of interest you had added to your claim, I know in the UK with PPI claims it is 8%

 

 

Thread: Floor Clause

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