Our Blog

“MORTGAGE GROUND CLAUSE” (MINIMUM INTEREST RATE): CAN I CLAIM MONEY BACK FROM MY BANK?

Submitted by on Friday, 10 March 2017 09:31

If you have a mortgage in Spain and if you are wondering if you have a “ground clause or minimum interest rate” in your mortgage and if you can claim money back from your bank, this information may be useful for you.

THE PLUSVALÍA TAX DECLARED UNCONSTITUTIONAL BY THE SPANISH LAW, IN CASE YOU SELL YOUR PROPERTY AT A LOSS

Submitted by on Thursday, 09 March 2017 19:41

The plusvalía tax is a direct tax on the increase in urban land value, which is realized on its transfer (for example when the property is being purchased, inherited, donated or exchanged) or when other property-related rights, such as the right of use or usufruct, are being constituted or transferred. The tax is calculated with the cadastral value and the length of time the property has been owned, taken as a reference; but the real value of the property and of the land is not taken into consideration; in spite of us all knowing that these prices have gone done considerably during last times of crisis.