Euribor Rates On Mortgages


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  • #56716
    Profile photo of Anonymous

    Hello Everyone,

    I am a relatively new owner to spanish property. I bought a property in Lanzarote in July 2010. I took out a builders mortgage on the property at the time. After the first year, my mortgage was to be based on repayments with the Euribor rate. However this has not been applied to my repayments. Im in a bit of a muffle and would greatly appreciate any help or advice on sorting this out. I do have a solicitor who is not taking any responsibility and the rate should have been changed in August of 2011 and hasn’t. I am very concerned over this and the vendor is threatening me with legal action.?

    Please help 😕

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