MULTI-CURRENCY MORTGAGES

They sold you “savings” in another currency; we make sure you recover what you overpaid.

Multi-currency mortgages index your loan to a foreign currency (typically JPY or CHF) and to LIBOR, not Euribor. Between 2006 and 2008 they were sold as “cheaper,” but currency fluctuations drove up installments and, in many cases, even increased the outstanding principal.

At PEREZ DOMINGO, we analyze your deed and payment receipts, evidence the lack of transparency regarding exchange-rate risk, and claim partial nullity (removing the multi-currency option), conversion to euros from the outset, and a refund of what you overpaid.

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 these mortgages are complex products:

The bank was required to clearly explain exchange-rate risk (that your debt could increase even if you kept paying), the reference index (LIBOR), realistic currency-movement scenarios, and their impact on both installments and principal.

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If that information was missing or insufficient, partial nullity may apply: the multi-currency option is removed, the loan is recalculated in euros from the start, and the lender must refund any overpayments.

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WHAT DO I GAIN IF I MAKE A CLAIM?

01.

Conversion to euros from the signing date (or from the applicable date).

02.

A reduction in the outstanding principal and lower installments.

03.

Refund of what you overpaid (installments, spreads, and exchange-rate effects), plus interest.
The average figure we typically see is around €20,000, but we’ll calculate your exact amount with no obligation.

HOW CAN I MAKE A CLAIM?

STEP 1

Free review: deed, payment receipts, and the loan’s history.

STEP 2

Out-of-court claim to the bank: we request partial nullity, conversion to euros, recalculation, and a refund.

STEP 3

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

USEFUL DOCUMENTATION TO GET STARTED

National ID / NIE (foreigner ID)

Loan deed and any novations/currency-change agreements.

Amortization schedule and representative payment receipts (from the start and the most recent ones).

Statements showing the currency/euro conversions and the exchange rate.

Bank communications (simulations, information sheets, FEIN/binding offer, if available).
Missing something? We’ll help you request duplicates from the bank.

HOW MUCH DOES THE CLAIM COST YOU?

WHAT ARE MY CHANCES OF SUCCESS?

We assess whether the bank truly informed you about:

01.

Exchange-rate risk (that the debt could increase).

02.

The impact on installments and principal, exchange rates, and scenarios.

03.

Differences between LIBOR and Euribor.

04.

Wording of the clauses and pre-contractual documentation (dual control: incorporation and transparency).

WHY CHOOSE PEREZ DOMINGO?

Our goal: reduce your debt, stabilize your payment, and recover what you overpaid.

Because we are banking and consumer-law specialists with experience in multi-currency mortgages, IRPH, floor clauses, and other terms. We offer:

Send us the contract/order and the statements/settlements.

NEXT STEPS

01.

Send us the deed and 3–4 payment receipts (from the start and recent ones).

02.

We provide you with an estimated refund/savings figure.

03.

If no agreement is reached, we handle your lawsuit and keep you informed at every stage.

We only charge if you recover your money.

SHALL WE GET STARTED?

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