The Spanish Floor Clause – What You Should Know

9th November 2017
The Floor Clause, or in Spanish, ‘Clausula Suelo’ was featured in many Spanish Variable Interest Rate (VIR) Mortgages. What this meant for homeowners, was that their Mortgage, designed to increase or decrease interest payments in line with the Euribor, were in fact capped at a minimum, in order to protect the Spanish banks from negative interest.As a result of this, after the initial introductory period, VIR mortgage repayments increased dramatically, with Spanish Homeowners, many of whom were English ex-pats, forced

The Deptherapy Awards 2017

23rd October 2017
Earlier this month our principal solicitor Sarah Waddington, attended to the Deptherapy awards 2017. Deptherapy is our chosen charity, who provide an underwater escape for former soldiers who are suffering from PTSD or who have life-changing injuries. Scuba-diving with Deptherapy gives these men and women the opportunity to escape in total peace, while embracing the physical challenges that Scuba Diving brings.The 2017 award ceremony was a fantastic opportunity to show gratitude, support and admiration for the amazing people the charity supports,

Diamond Customers: Will Apollo’s Buyout Impact You?

Diamond Resorts has been bought by Apollo Global Management. What does this mean for existing Diamond Customers?As some of you will be aware, Apollo Global Management recently bought Diamond Resorts International. Many of you will also know that when a company is bought or goes through any form of merger, all liabilities, debts, clients, customers, responsibilities, existing legal proceedings, assets and everything else owned by or due to the company are transferred to the new owners.This means that for existing

The law is changing regarding Package Holidays. Here is what you need to know

5th October 2017
In November 2015 the new Package Travel Directive (2015/2302/EU) was introduced, bringing the EU legislation up to date to current developments in the travel market. This is going to affect Package Holidays. When will the new Package Travel Directive come into effect for consumers? As of the 1st January 2018, the new Package Travel Directive (2015/2302/EU) will be applicable. These changes will give holiday-makers extra holiday protection. What changes can consumers expect because of the changes? The new Directive will now apply to 3
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