Now that Brexit has been and gone, and the United Kingdom is no longer part of the European Union, the circumstances for British buyers in Mallorca, Menorca and Ibiza have changed; but so to have the possibilities! Foreign buyers from outside the European Union have had a special exception made for them when it comes […]Continue reading
According to lawyers and legal experts consulted by Europa Press, mortgages linked to the Mortgage Loan Reference Index (MRI) in which such a clause is declared abusive and void shall subsist without accruing any interest in favour of the financial institution. This is the stance of the party defending mortgage holders, which hopes that the […]Continue reading
On Thursday the 16th of July 2020, the European Union’s Court of Justice declared that banks within the EU must return the money related to mortgage expenses that were deemed “abusive” clauses. Here we’ll explain who can reclaim these amounts and how to do so. The Court of Justice of the European Union has ruled […]Continue reading
The Government is planning to subsidize up to a maximum of 400 euros per square meter or up to 60% of the purchase price of housing intended to increase the pool of public and social properties to rent or transfer in use. This is stated in the order published on Saturday the 9th of April […]Continue reading
The Spanish Government has agreed to approve a moratorium on mortgage payments for people who have lost their jobs or had their income reduced by the coronavirus. This is part of the royal decree that will be coming into force this Tuesday to address the economic and social impact of the pandemic on families and […]Continue reading
Any rental agreement in Mallorca, Menorca or Ibiza sets out a series of guidelines that both parties must follow. If they do, there are usually no problems, but that is not always the case. Here within we detail how both parties can end a rental contract should they desire. By the Tenant In Mallorca, Menorca […]Continue reading
