Cláusulas suelo

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This topic contains 2 replies, has 3 voices, and was last updated by Profile photo of Fuengi (Andrew) Fuengi (Andrew) 3 years ago.

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  • #57853
    Profile photo of Anonymous
    Anonymous
    Participant

    Please could someone explain the meaning of “cláusulas suelo” in relation to Spanish mortgage agreements?
    I have been told by my Spanish lawyer that ‘we have noticed that your loans are not affected by the so called “cláusulas suelo”. I don’t know what he means!

  • #118652
    Profile photo of Fuengi (Andrew)
    Fuengi (Andrew)
    Participant

    no minimum on the interest rate.

  • #118646
    Profile photo of Anonymous
    Anonymous
    Participant

    It’s good news, be happy 😀 The lower the base rates fall, the lower your mortgage repayments.

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