It is now possible to claim and sue to recover the formalisation costs of your mortgage loan.
If the wording of your mortgage loan contract has a similar clause to this:
“…All of the taxes, commissions and costs incurred by the preparation, formalisation, correction, processing of deeds, modification – including division, segregation or any change that involves the alteration of the guarantee – and execution of this contract are the responsibility of the borrowing part, as are the payments and reimbursements deriving from this as well as for the constitution, conservation and cancellation of the guarantee…”
It should be known that a ruling of the Supreme Court in the first Plenary Session, nº 705/2015, of 23rd December 2015, declared the nullity, due to abuse, of this kind of clause that means costs fall upon clients, obliging financial organisations to return the following to borrowers:
1. Appraisal of the property.
2. Authorising notary fees.
3. Property registration fees.
4. Taxes.
5. Processing agency.
At ATO Lawyers SLP we are specialists in Banking Law and in claiming the nullity of abusive clauses in mortgages and can help you to recover your money.
Request an APPOINTMENT by ringing +34 959 255 856 or via email info@atoabogados.com, and we will take a FREE detailed look at your case.