Do you have a mortgage in Spain? Take our two-minute test to see if you’re owed money by your lender

Do you have a mortgage in Spain? Take our two-minute test to see if you’re owed money by your lender

Forget the coronavirus… there is something almost as bad for many homeowners in Spain. Let’s call it the BANKING PANDEMIA, or the Floor Clause illness, also known as the ‘Clausula Suelo’ or ‘Suelo Hipotecario’. This was simply a clause that was inserted into variable rate mortgage agreements in Spain during the last 20 years that affects the interest rate payable on the mortgage. And it means that mortgage holders are being conned and do not benefit from the fall in the EURIBOR as there will be a minimum rate of interest payable on the mortgage (this floor, also known as a ‘suelo’ is often 3- 4% depending on the bank). […]

Living in Spain and bringing your pet

In Spain, as in the other EU member states, the legislation that applies to the movement of pets since 2003 is contained in Regulation EC/998/2003 which sets animal health rules for the movement of pets for non-commercial purposes. Non-vaccinated dogs, cats and ferrets aged under 3 months are allowed to travel, subject to prior authorisations, provided that they are accompanied by a passport. In order to request this authorisation, you should contact the Spanish authorities and provide them with the following information: –  Name and date of birth of the animal. –  Microchip number. –  Passport number. –  Fax number for purposes of sending authorisation. Potentially dangerous animals In Spain, the following […]