Are You A Spanish Homeowner Struggling With Mortgage Repayments?
We are Costa Luz Lawyers. And we want you to know that you’re not alone.
Fastest start (recommended):
- Negative equity property debt (Spain)
- What to do when you can’t pay your Spanish mortgage
- Spanish Mortgage Claims (2026) — if the deed is driving the problem (IRPH, floor clause, fees)
The good news? We are already helping dozens of clients to get a better deal from their bank.
Many Spanish homeowners who purchased a property during the financial boom are now experiencing problems with repayments.
Banks approved huge mortgages on overvalued properties, which led to high repayments over the long-term which are unsustainable.
Now with Brexit looming in the foreground, the uncertainty of how to keep up those mortgage repayments becomes a very real concern for many.
In the current market, owners are finding themselves in negative equity, unable to sell the properties and release them of this mortgage debt.
Help is at hand
Fastest start (recommended):
- What to do when you can’t pay your Spanish mortgage
- Spanish Mortgage Claims (2026) — if your issue is driven by the deed (IRPH, floor clause, fees)
Related (recommended):
- Negative equity property debt (what it means + options)
- What to do when you can’t pay your Spanish mortgage
- Spanish Mortgage Claims (2026) — abusive clauses and recovery routes
Considering changing your mortgage terms (novation)? See: Understanding mortgage novation. If you suspect abusive terms in the deed (IRPH, floor clause, unfair fees), start with: Spanish Mortgage Claims (2026).
The Law on Your Side
A law was passed in 2013 designed to help debtors in Spain who have difficulty repaying their mortgage loan. This Law established a minimum valuation figure that banks can give to properties once they are repossessed by them after an auction.
In most cases, these minimums are very close to the outstanding mortgage debts of today.
Mortgage Deeds and Outstanding Debt
If you find yourself in this position and are concerned about your loan repayments, send your mortgage deeds to us so that we can tell you if you are nearing those values with your debt.
Important: If your repayment problem is being driven by what’s written in the deed (for example, a floor clause, IRPH, unfair fees or other abusive terms), you may also have a separate route to recover money — not just renegotiate payments. Start here: Spanish Mortgage Claims (2026) — recovery of abusive mortgage clauses in Spain.
Embassy recommended
If you are, then we can help in negotiating a settlement with your bank. We have been providing this service since 2010 with many positive results for our clients.
We are one of only a handful of lawyers in Spain recommended by the British and Irish embassies in Spain.
Frequently Asked Questions On Spanish Mortgage Debt
Key takeaway: If repayments are becoming difficult, acting early protects your options—negotiation is easier before arrears escalate.
Quick answers (fast):
When should I ask for help?
As soon as repayments become difficult. Early action gives you more options when negotiating with the bank.
What do you need to assess my situation?
Your mortgage deed (“escritura”), current outstanding balance (if you have it), and a rough idea of your payment history.
Is this only about repayment — or can I also claim money back?
If your problem is driven by deed terms (IRPH, floor clause, unfair fees), you may also have a recovery route. See: Spanish Mortgage Claims (2026).
- When can I hire this service?
- I already have a Law Firm/Debt Collector Firm pursuing me in the UK. Can you still help?
- Will I be left debt free in Spain?
- Can you help me if I stopped making my payments many years ago?
- Will this cost me lots of money?
Prefer the full 2026 overview? See: Spanish Mortgage Claims (2026).
Signed before June 2019? If your mortgage set-up costs were charged to you, you may also have a route to reclaim certain fees. See: Claiming your mortgage expenses in Spain (July 2025).
Our happy customers have a lot to say about our services!
Oh my goodness! Unbelievable!
Once again Maria and her team have showed me how remarkable they are.
Not only did they get me my deposit back in full, they have recently also got me back my fees plus interest.
I first saw Maria on the Eye Of Spain website and was very impressed that she gave up her time to give an abundance of free advice. Not too many solicitors are willing to do that!!! She looked at my case and offered No Win No Fee. I instantly thought…. What have I got to loose. Absolutely amazing.
Maria, I cannot thank you enough!
Brenda Wilkinson October 2019
A big thank you!
A big thank you to you and your dedicated team at Costaluz Lawyers for getting my money back + Interest from my case against Banco Popular for an Aifos development in 2004.
The service and advice from you and your team has been excellent throughout the case and I sincerely recommend you and your firm to anybody out there who finds themselves in a similar situation or need any legal advice.
David Shorthouse September 2019
This year we were delighted to get back over €55,000.
Maria, Keith & the team helped us through this extremely difficult and stressful time. We invested €63,000 and without them, we would not have received any of our money back. after a long hard fight with court cases and appeals, they eventually succeeded.
This year we were delighted to get back over €55,000. I would have no hesitation recommending Costaluz to anyone in the same situation. best of luck to them and anyone trying to get their deposits back?
Kerry July 2019
Have you ever considered handing the keys to your home to your mortgage provider?
Contact Us Today For Free No Obligations Chat
Which abusive clauses do we check in your Spanish mortgage?
- Floor clause (Clausula suelo) — hidden minimum interest rates
- Abusive late payment interest — rates exceeding legal limits
- Mortgage expenses — notary, registry, and management fees unlawfully charged to the borrower
- Opening commission — upfront fees that may be reclaimable
- Early maturity clause (Vencimiento anticipado) — allowing the bank to demand full repayment after minor defaults
- IRPH — a mortgage index consistently higher than Euribor, often applied without adequate transparency
- Multi-currency clauses — loans denominated in foreign currencies exposing borrowers to exchange rate risk
If any of these apply to your mortgage, you may be entitled to a refund. Request a free mortgage review
Legal Notice: The content on this page is provided for general informational and educational purposes only. It does not constitute legal advice and should not be relied upon as such. No action should be taken based solely on this content without first seeking independent professional legal counsel. Each case requires individual assessment based on its specific circumstances. CostaLuz Lawyers accepts no liability for actions taken or not taken based on this content.
Buying or selling property in Spain?
We protect both sides of your Spanish property transaction from offer to deed. Bilingual help across southern Spain since 2006.
This content has been prepared with the assistance of artificial intelligence and reviewed by María Luisa de Castro, a lawyer specialising in Real Estate Law and founder of CostaLuz Lawyers.
The information provided is general and indicative in nature. It should not be used as the sole basis for making professional, legal or investment decisions, and CostaLuz Lawyers assumes no responsibility for decisions taken solely on the basis of this content.
We always recommend personalised review by a qualified professional. For most of our services, initial personalised guidance is free of charge. Get in touch.