A new sentence declares void the ground clauses in mortgages

Yesterday, Thursday, the Commercial Court No. 11 of Madrid has estimated floor void clauses that are unclear in its wording by abusive consider. While the decision is still not final and can be appealed by the parties to move forward will involve the return to customers of all amounts from the May 9, 2013, when the Supreme Court ruled for the first time the invalidity of the clauses floor. This ruling affects most banks and savings banks of Spain. In the judgment it has not been admitted full retroactivity for amounts paid before that date. Recognition of retroactivity since the start of the contract is pending the resolution of the European Court of Justice, which will meet on April 26 to resolve this issue.

OCU recalls that last January the TS also estimated, for OCU, declare abusive clauses soil of Banco Popular and BBVA, as well as 31 other clauses, highlighting the suppression by the Bank of more than 100,000 ground clauses for its customers. OCU reports that the floor clauses do not meet transparency requirements set by the TS, and available to all affected consumers information and assistance clauses soil through the "Abusos bancarios" campaign: http://www.ocu.org/money/mortgages/report/clauses-floor-OCU

Given the cascade of orders declaring abusive the soil clauses OCU reports that all parliamentary groups called for the eradication of "floor clause" of all contracts, many entities in 2015 include still in its mortgage loan contracts a clause It limits the lowering of interest rates.