Frequently Asked Questions
FREQUENTLY ASKED QUESTIONS (FAQ)
MORTGAGE FLOOR CLAUSE CLAIMS
Please send us a copy of the document signed with the bank along with a copy of the mortgage deed and we will help you to clarify the position.
Please let us know if you want to receive a proposal.
Please let us know if you need any assistance.
In addition, you are entitled to claim your mortgage set up costs (notary, appraisal, Land’s Registry, tax, stamp duty or any others costs charged on signing with the bank).
Please send us a copy of the mortgage deed and we will help you to clarify the position.
The client wins the money refunded from illegally paid overcharges, and in the case of losing the case, does not has to pay any additional fees. Our Firm studies each case thoroughly to ensure success in our claim of overpaid mortgage interests and expenses.
What are floor clauses?
Floor clauses are found in some mortgage contracts and state that the interest payable shall never be less than a certain percentage. This so-called ‘floor’ on the mortgage means repayments on the mortgage will never be less than that minimum amount, even if the rate on which repayments are indexed has fallen to lower levels.
How does the Claim Process Work?
We charge €150+VAT for the preparation of the claim and for dealing with all administrative matters.