What is a Clausula Suelo or Floor Clause?
It is a clause in a Spanish tracker mortgage agreement that requires you to pay a minimum interest rate, even when the interest rate that the mortgage is tracking – such as the Euribor – is lower.
This means that you could be paying thousands of Euros more than you should be, and the European Court of Justice and the Spanish Supreme Court has agreed that these clauses are abusive and you are entitled to make a claim.
What is the average claim?
It depends on many different factors but the average claim for our customers is about 12,000 Euros
Regardless, the money you receive back is simply whatever you have overpaid, plus the legal amount of interest on that money. If you are unsure, get in touch with our claims team and we can do a FREE assessment and find out what you are owed.
Who can make a claim?
Anybody who at some stage has had a Spanish mortgage. It does not matter if you still pay the mortgage, have paid it off or even have sold the property, you can still claim back the money you overpaid!
What paperwork is needed to check if I have a claim?
Just a mortgage statement. If you have the mortgage deed then great, but if you have a mortgage statement showing the breakdown of capital and interest then we can normally see if you were overcharged.
Get a full and FREE assessment
Once we have the relevant paperwork, our in-house legal team who are experts at bank claims! Will assess your claim and explain what you are owed and the full procedure.
Making a claim against a financial institution in a foreign language
can be difficult and frustrating, we are here to simplify the process!
why choose Rapido Claims?
We take pride in offering an un-rivalled service for all of our clients regardless of the size of the claim
Our dedicated claim managers and in-house legal team ensure we treat each claim in accordance to the current law
All of our team are fluent in English. We speak your language and 80% of our clients are from the UK or Ireland
All clients are aware of what we are doing and why we do it. A clear process is laid out with time frames and costs with no hidden surprises
All clients details are securely stored within out internal systems so when we are contacted we can provide a full update
While we charge for claim submissions our original consultancy is free and we provide a no obligation claim review at the outset
DEDICATED CLAIM MANAGER
A dedicated claim manager will be applied to each case so all clients have the same point of contact through the life of the claim
LOWEST INDUSTRY FEES
Our fees are the lowest in the industry (15% of overall claim), in many cases less than half of what other providers charge
IN HOUSE LEGAL TEAM
Our in-house team are fully qualified lawyers and all registered with the Malaga Bar association and can operate anywhere in Spain
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The Law On January 21st 2017 the Spanish government issued a Royal Decree due to the European Court of Justice (ECJ) Ruling on the 21st December 2016, relating to Clausula Suelo (Floor Clause) Claims [...]