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Multicurrency

1. What is a multi-currency mortgage?
   

   It is a mortgage loan taken out with a bank in a foreign currency, usually in yen or Swiss francs, and is indexed by the Libor. If you have one, it is more than likely that you have paid more than you would if you had a mortgage in euros and indexed by the Euribor.

   You can start your claim by filling in our form. It will take you less than 99 seconds.

2. Why can I claim my multi-currency mortgage?
   

   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.

    

3. How does having a multi-currency mortgage affect me?
   

   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.

4. I think I have this type of mortgage, what can I do?
   

   Our recommendation is that you claim. You can start by filling in our form. It will take you less than 99 seconds.

5. What can I hope to achieve with my claim?
   

   The aim is to annul the section of the contract on foreign currency in order to:

   1. Convert your mortgage to euros.
   2. Reduce your monthly repayments.
   3. Get back the money you have overpaid.

6. Is my claim a sure win?
   

   A very high percentage of these types of claims are accepted. However, it is difficult to predict exactly how the procedure will end.

   What we can say is that we are very confident in what we do, and in how we do it. That’s why we are committed to our no No Win No Fee policy. In addition, during the process, you can always include our legal expenses insurance. This way you’ll have nothing to worry about in the unlikely event that your claim is unsuccessful.

7. The bank has offered me a settlement, should I sign it?
   

   Our recommendation is to not sign anything. You should know that if you take the settlement, it is very likely that you’ll be giving up a large part of the claim.

8. What documentation will I need to file my claim?
   

   All you have to do is fill out our form with the information we will ask from you. You will reach a point where we will ask you to attach this documentation if you have it. If not, we will let you know how you can obtain it during the process.

   1. The deed for your mortgage loan. This is essential.
   2. The last instalment slip or repayment table.