The clausula suelo is the most common claim against lenders as this clause would ensure that the interest rate you would pay would never go below a certain level which in most cases have been around the 3 – 5.5% mark. Given that interest rates since 2011 have plummeted and that the EURIBOR is actually below zero, this means that you would be paying an extremely high interest rate compared to current market rates.
Spanish mortgages
British Banks and mortgages in Spain
Having been arranging mortgages in Spain for over 13 years I feel like we at Fluent Finance Abroad, are well placed … Read more
10 reasons for a Spanish mortgage when buying property in Spain!
If your liquid funds are in a currency other than Euro, you could fund part of the purchase by getting … Read more
