FLOOR CLAUSE

They capped Euribor falls; we recover what you overpaid.

The floor clause sets a minimum interest rate for your variable-rate mortgage: even if Euribor falls, your instalment doesn’t. It was very common in loans signed between 2001 and 2012 (and also in some later novations).

At PEREZ DOMINGO, we review your mortgage deed, calculate what was improperly charged from the start, and seek a declaration of nullity of the floor clause, a recalculation of the loan, and a refund of the amounts paid.

We explain how to proceed, what documents you need, and what the next step is.

Our commitment: We only charge if you recover your money.

WHY CAN I MAKE A CLAIM?

Because the validity of a floor clause depends on the bank having met the transparency test: it had to clearly explain how the floor worked, its financial impact, and provide instalment simulations under Euribor-fall scenarios, offering alternatives.

If there was not sufficient transparency, the clause is null and void: it is removed from the contract and the bank must refund what you overpaid with interest, recalculating your loan (a doctrine consolidated by the Spanish Supreme Court and the CJEU, with full retroactive effect).

WHAT DO I GAIN IF I MAKE A CLAIM?

01.

Refund of all amounts overpaid from the start (or from the novation), plus interest.

02.

Removal of the floor clause from your contract.

03.

Recalculation of the outstanding principal and a reduction in your monthly payment.
As a reference, the average we see in real cases is around €5,500, but we’ll calculate your exact figure with no obligation.

HOW CAN I CLAIM BACK MY FLOOR CLAUSE?

STEP 1

Free review of your documentation.

STEP 2

Out-of-court claim to the bank’s Customer Service Department: we request nullity, a refund, and interest.

STEP 3

Response: if they don’t uphold it or the offer is insufficient/unclear, we file a court claim before the Court of First Instance.

USEFUL DOCUMENTATION TO GET STARTED

National ID / NIE (foreigner ID)

Mortgage deed and any novations

Binding Offer/FEIN (if available) and the information leaflet

Amortisation schedule and representative payment receipts

Any bank communications about the floor clause or any “discounts” that were agreed.
Missing something? We’ll help you request duplicates.

HOW MUCH DOES THE CLAIM COST YOU?

WHAT ARE MY CHANCES OF SUCCESS?

We assess whether the bank truly informed you: numerical examples, simulations with falling Euribor, explanation of the cap, the wording of the clause, alternatives offered, the signing/novation context, etc.

If transparency was missing or insufficient, the clause can be annulled with a full refund and interest.

WHY CHOOSE PEREZ DOMINGO?

Because we specialise in banking and consumer law and we handle numerous cases involving floor clauses, IRPH, and other abusive terms. We offer you:

Our goal is for you to recover what you overpaid and reduce your monthly payment.

NEXT STEPS

01.

Send us your mortgage deed and 2–3 payment receipts (and any novation deed, if applicable).

02.

You receive an estimated refund amount.

03.

If there’s no agreement, we bring your claim and keep you informed at every stage.

We only charge if you recover your money.

SHALL WE GET STARTED?

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