If you lost your deposit on an off-plan property in Spain between 2005 and 2016, you now have recourse to get your money back. But that’s only because of a legal development in 2015 in Spain.
In 2015, the Spanish Supreme Court ruled that the developers’ banks and insurance companies should have safeguarded the deposits put down by Spanish holiday home buyers.
Up until then, the only way people could get their money back would be to claim it from the developers. But as most of the developers had gone bust in the wake of the financial crisis, this was not possible.
For the Spanish Supreme Court to make the ruling it did in 2015, lawyers had to fight for it. And the lawyers who were instrumental in gaining the Spanish Supreme Court ruling now work at Eskariam, the Spanish law firm supporting MySpanishDeposit.
What the lawyers fighting for the ruling effectively did was use an old law to help win the argument in the Spanish Supreme Court. In other words, because the lawyers wanted to help those who would have no other way of getting their money back, people now have a new way to reclaim Spanish home deposits. And the way it works is by claiming them back from Spanish banks and insurance companies.
Here’s what you need to know.
What this means for you is that, if you lost your deposit on a Spanish holiday home, you now have a way of getting your money back – even if you tried (and failed) to get it back before.
MySpanishDeposit can help you get your money back with zero up front cost and zero risk to you.
The Spanish Supreme Court ruling has a deadline. So, while it does mean you can reclaim your Spanish deposit risk free – you do need to act fast.
The legal time limit for a claim to be filed at Court is by October 2020. But a lot of legal work needs to be done before you can get your money back.
The legal team at MySpanishDeposit has to put together a detailed and legally watertight case file for the judge in Spain. The sooner you get in touch, the more time we have to prepare your case fully and submit all the legal documents we need to file on your behalf. The good news is, once you get in touch with us with the details of your lost deposit there is little else for you to do.