Some banks have fixed a clause in the mortgage that for less than the basic interest rate use in borrowing loans between the banks and also used as an allusion for imposing the interest rate on another loan for you to always make the minimum payment. Thus the mortgagee can never profit from the drop in the rate of interest, the cost has to be paid every month. Thousands of people get affected by the floor clause, so to defend with these you have to go to the lawyer. You can contact the experienced lawyer online also. Several websites are there that offer you to sort your soil clause problem without paying too much. One of the websites that helps you in the soil clause is https://ariannaserrasyabogados.com/abogados-clausula-suelo/. They will help you to sort all your problems in a legal way. The lawyers will check about the soil clause you have by giving them a copy of your mortgage deed and then they will advise you the detail.
The floor clause is a situation that few mortgage agreements consist in which the customer is needed to give the lowest value on the mortgage once a month, irrespective of the level of interest in the market. As we know, the clauses of the floor are created by the court, so everybody has a right to claiming for each and everything that they overpaid. The abogados cláusula suelo act as a path viewer for you step by step on the whole thing you want to do. If you are questioning the claiming process of floor clause then it means that you required the service of an expert lawyer. After the disaster of soil clauses that are crises of the housing clause and loan for purchasing home, a new mortgage law has been created by the government. This law controls whole faces of financial organizations especially about mortgage transparency and the information in pre-contractual given to the customer. The main motive of this is to save the citizen and give large legal safety to the system of the mortgage. This law maintains the standards to assist the customer in two phases:
- Before buying a house:
- To deliver whole information on pre-contractual.
- Seven days withdrew period or before signing the mortgage, right to withdraw.
- Guarantee of a responsible loan via the consumer’s financial comfort.
- After buying a house:
- Provide payment flexibility.
- Honestly acceptance of credit institutions.
Several peoples who are going to buy a home or after purchasing a home they may face this clause and to resolve this they need a lawyer who guides them step by step to get out of this problem.