Minimum Interest Rates in your Mortgage Contract!

Millions of families across Spain, including a good number of expats, have contracted mortgages with interest rate floor clauses (“cláusulas suelo”, as they are commonly called in Spain), which prevented them from taking advantage of the very low mortgage interest rates which have occurred due to the decline in the Euribor rates since the financial crisis started in 2008 (The Euribor is currently at 0,32%).