Brought to you by
MY SPANISH DEPOSIT
Research by the legal team at MySpanishDeposit finds that thousands of locals who lost money on a Spanish holiday home can claim thousands of euros back – but only if they take action now.
Did you lose your deposit on a Spanish holiday home due to be built between 2005 and 2016? If so, you could be in for thousands of pounds in compensation. That’s the message of the legal team at MySpanishDeposit, who are helping Brits who lost out in Spain’s massive property crash a decade ago.
An estimated 400,000 of us have a place in the sun to escape to. But a decade ago, the global financial crisis struck leading to property developers across Spain going bankrupt. More than 100,000 sun-seekers lost the deposits for their off-plan holiday apartments. Records show that this was on average €40,000 per family, but often much more.
With builders out of business, nobody could do anything to get their money back for years. But in 2015, lawyers acting for Spanish investors won an important victory when Spain’s Supreme Court ruled that the developers’ banks and insurance companies must repay any lost deposit’s they had not properly safeguarded.
You can now get your money back if you act fast.
The money many people thought was long lost can now be recovered – and banks even need to pay interest on the amount. But, crucially, a legal time limit means that claims must be properly filed in the Spanish court system by October 2020. Otherwise, the chance to do so will be lost for good.
And a lot of legal work must be done before that can happen. That is where the legal team at MySpanishDeposit come in.
- Do I have a claim?
- Did you pay a deposit on an off plan Spanish home between 2005 – 2016?
- Was the property never built or finished?
- Did you lose your deposit?
- Go to MySpanishDeposit.com to register now.
Comments: Our rules
We want our comments to be a lively and valuable part of our community - a place where readers can debate and engage with the most important local issues. The ability to comment on our stories is a privilege, not a right, however, and that privilege may be withdrawn if it is abused or misused.
Please report any comments that break our rules.
Read the rules hereComments are closed on this article