Claiming your multi-currency mortgage, is easy

The Spanish Supreme Court and the Court of Justice of the European Union have ruled on the matter. They declared that multi-currency mortgages must be converted into euros if they do not pass the transparency test. This occurs when the consequences of taking it out have not been clearly and plainly explained. And, if you aren’t a financial or currency exchange expert.

Your monthly mortgage repayments vary constantly. This is due to fluctuations in the currency in which you have taken out the loan.

Over the past few years, exchange rates have not been unfavourable. This has led to substantial increases in your monthly instalments, as well as in the total amount owed. What’s more, the more time that passes, the more it will increase.

You don’t have to worry about a thing, from start to finish. There are several stages in the process. We’ll be in touch at least once a month or each time there are updates on your claim. You’ll always have access through your account.

The first step is to lodge an out-of-court complaint to try to reach an agreement. If this is not possible, we’ll proceed to make a claim. If the claim is admitted for processing by the judge, he/she will inform the respondent about the trial. In some cases, your presence may be required. If so, we’ll let you know in advance and give you all the necessary information. After this, the judge will issue a ruling. And if it’s favourable, the deadline to recover your money starts.

They’re costs incurred by each of the parties involved in legal proceedings. These are the fees of Lawyers, Court representatives, and expert witness fees (if necessary). As well as copies, court notices or registered faxes, among others. When the court allocates costs, it means the losing party has to pay these expenses for the opposing party.

That’s why we always give you the option to include our insurance. So you don’t have to worry if your claim is unsuccessful. We’ll cover all costs that may be incurred against you.

So you can file your claim free of charge, we take on a huge financial burden. What’s more, plaintiffs in mass claims try to delay compensation payments for as long as possible. While knowing that this means our chances of incurring heavy losses will increase.

That’s why, if the court allows it, we retain the interest and court costs imposed on the other party as fees, under article 44.2 of the Spanish General Statute of the Legal Profession. This ensures continuity in our project. And that everyone can access justice to defend their rights in an easy, convenient, and affordable way.