Mortgage floor clauses and mortgage expenses are distinct concepts, and it's important to differentiate between them to determine if you can make any claims.
During the first half of 2024, both the Court of Justice of the EU and the Supreme Court ruled that the statute of limitations for claiming reimbursement of mortgage expenses begins when the clause is declared null and void by a court ruling , regardless of when the mortgage was signed. In other words, if your mortgage predates 2019, you can claim back your mortgage expenses , as confirmed to us by Heras-Sasot Abogados , experts in these matters.
However, as this firm, which works both in the Bajo/Baix Cinca region and in the courts of Monzón , tells us, mortgage expenses should not be confused with the floor clause.
A mortgage floor clause refers to the applicable interest rate. Mortgage expenses, on the other hand, are the costs you paid when you took out your mortgage . Therefore, if your mortgage predates 2019, you can claim back these expenses. In this case, you may be entitled to 50% of the notary fees, 100% of the land registry fees, 100% of the appraisal fees, and 100% of the administrative fees, plus legal interest from the date of payment.
Thanks to these rulings, anyone with mortgages taken out before 2019 can save thousands of euros . These claims may seem complex at first, but Heras -Sasot Abogados indicates that it is a fairly simple process, although they obviously advise those interested to consult professionals and seek advice from experts in these matters before taking any action.
Branded content created by Diario del Bajo Cinca in collaboration with Heras-Sasot Abogados
