An easy way to understand multi-currency mortgages

The main risk of having a multi-currency mortgage is due to the fact that when the rate of the foreign currency rises, the total amount owed on your mortgage will also increase exponentially. So you could end up paying much more than you owe.

You can now start your claim to get your money back. It will take you less than 99 seconds.

 

 

I want to claim my money back

How much could I recover

The average multi currency claim amounts to around €57,000.

Filing your claims has never been so easy

We want to make access to justice affordable, convenient and simple for all people and small and medium enterprises (SMEs). That’s why, when we talk about convenience, we mean it.

  • No Win No Fee

    No upfront payments. We will advance all costs, including Court Representative and power of attorney. You will only pay our fees if your claim is successful.

  • You are in control

    Where and when you want. The steps to file your claim are 100% online. We will bring you up to date on the status of your claim at least once a month. And you’ll always have access through your a

  • Receive your compensation upfront

    If we think you have a strong case, we will automatically offer you an advance payment. And if you don’t win, you won’t have to pay it back.

  • If you’re at peace, so are we

    We offer the option of including our insurance. So you won’t have anything to worry about in the unlikely event that your claim is unsuccessful. We will cover all incurred costs.

I want to claim my money back

How can I file my claim

We have worked hard on making sure recovering what’s yours, is as easy as possible

  • Share the documentation

    We’ll tell you what we need to represent you. You choose how to send it, from your phone
    or computer.

  • We file your claim

    You are in control. We’ll be in touch at least once a month. Simply put, we’ll keep you in the loop for each step of your claim.

  • Receive your compensation

    When the process comes to an end, we’ll send you the settlement and ask for your bank
    details to issue the payment. We guarantee transparency from start to finish.

I want to start my claim

How long do I have to put forward my claim

Your right to claim and get your money back may expire at some point. This is why we advise you to file a claim as soon as possible.

How much will I receive in my account

We will advance all the costs so you don’t have to pay anything upfront. If you don’t win, you won’t have to pay our fees.

Let’s give you an example. Imagine your claim has won and the court has ruled that the €20,000 charged by your bank was unlawful. This will be the ‘principal’ amount. In this case, you would recover €15,887.21 and the rest would be for our fees.

Clear sums. Here are our estimates of what your net compensation would be:

  1. Percentage over the ‘principal’ amount: 15% x €20.000 + 21% VAT = €3,630
  2. Costs: €399 + 21% VAT = €482.79
  3. Net compensation: €20.000 – €3,630 – €482.79€ = €15,887.21

I want to know more about multi currency mortgages

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.

How our clients see us

There is no time like the present to claim on the unfair terms of your mortgage

If you have or have ever had a mortgage, it is very likely that you have been affected byunfair terms.

What’s ours is yours

We will tell you everything we know.

Mi salud legal

El 99% de personas y pymes tienen algo por lo que reclamar y no lo saben.

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