The EU Court of Justice ruled on the 21st December 2016 in respect of floor clauses (Cláusulas suelo): Spanish banks will have to return to customers the total amount of what they received in relation to floor clauses.
Spain receives another cautionary warning from Europe regarding its mortgage law. Brussels is urging the Spanish government to adapt to the European standards. In fact, Spain had the obligation to make effective the new European guidelines in terms of mortgage before the 21st of March 2016.
Just a few weeks ago we discovered the shocking news that Britain had in fact voted out of Europe. This has been followed by some major decisions that have shaken the political landscape of the United Kingdom. If you are a British citizen with a property in Spain you may be wondering how all these changes will affect you.