A Canarian court declares a multi-currency mortgage null

It has ordered the entity to reimburse the excess paid in cash.

The Court of First Instance number 6 of Las Palmas de Gran Canaria, has declared the nullity of a multi-currency mortgage. It has estimated the partial nullity of the mortgage loan signed with the plaintiff in November 2003, a nullity that applies to “all the contents related to the multi-currency option.”

In addition, the ruling that the effect of the partial nullity “entails the consideration that the amount owed by the plaintiff is the outstanding balance of the mortgage, referenced to euros.” Likewise, it has ordered the entity to reimburse the excess in cash, in the event that the plaintiff has paid a higher amount in concept of capital and interest.

Redacció / pisos.com