The European Court of Justice (ECJ) is set to publish their final ruling on whether Spanish mortgages which have or which had their interest rates set & calculated based on the IRPH index (Índice de Referencia de Préstamos Hipotecarios) are to be deemed abusive. These mortgages could then be deemed unfair, untransparent and therefore an abuse of the consumer.
new Spanish mortgage law
How the new Spanish mortgage law affects borrowers
We hope that you have all had a great festive period and are looking forward to having a fantastic start to the new decade as much as we are at Fluent Finance Abroad. As we begin a new decade, we also see the beginning of a new era within Spanish mortgage lending, and while we all welcome changes which are better in the long term, it does inevitably come at the price of a period of pain whilst the changes are interpreted and adopted by the banks.
Important FFA update regarding the new LRCCI Spanish mortgage regulations
Fluent Finance Abroad is very happy and proud to report that Marc Damian Elliott de Lama (owner of FFA), Ainara Anacabe and Eva María Perdigones have taken the new examination course via AFI Escuela de Finanzas and have successfully passed the test and now are fully qualified Spanish mortgage consultants or Intermediarios de Crédito Inmobilarios (ICI’s).
