Thousands of Brits who lost their deposits on properties in the Spanish property market crash now have a way to claim their money back.
If you think you may have been affected and would like to reclaim a Spanish property deposit, here are five key things you need to know.
1. MySpanishDeposit can help you get your money back
If you paid a Spanish developer a deposit for a holiday home between 2005 and 2016, and the holiday home was subsequently not built with you not getting your money back, then it is highly likely that you can reclaim your Spanish property deposit.
The legal team at MySpanishDeposit is helping Brits who lost out in Spain’s property crash a decade ago. Our lawyers have recovered over €200 million worth of lost deposits on behalf of thousands of people like you. You can check to see if you are eligible to claim here.
If you think you are eligible to claim, you can start your claim and we will take care of everything for you. If you have any questions you can call or email us and a member of our team will be happy to talk things through with you.
2. Your claim can be processed regardless of where you live
The legal team at MySpanishDeposit will use its London base and a combination of international and local law expertise to make sure the process is as easy as possible for you.
You may live in Birmingham, Manchester, Southend, or Benidorm. Regardless of where you now live – whether that’s the UK or Spain – you can start your claim with us now and we’ll take care of everything for you.
If you join MySpanishDeposit, you will be represented by a team of English and Spanish speaking lawyers from Hausfeld & Co LLP, an international law firm with its European base in London, and lawyers from Madrid-based law firm Eskariam.
3. You can claim again even if you have claimed before
In 2015, the Spanish Supreme Court ruled that banks and insurance companies should have properly safeguarded the deposits put down by buyers of Spanish holiday homes. Up until then, the only hope buyers had was to reclaim their money from the developers.
What this means for you is that even if you have previously tried to get your deposit back, you now have a new way to reclaim your Spanish deposit: you can claim your deposit back from Spanish banks and insurance companies. You can do so by using a legal team comprised of some of the Spanish lawyers who were instrumental in gaining the original ruling in the Spanish Supreme Court in 2015.
4. There is zero cost and zero risk to you
You risk nothing by letting us handle your claim. Your claim will be assessed for free without any commitment, and there is zero up-front cost and zero risk to you.
If your claim is unsuccessful, you won’t have to pay any fees or costs. If your claim is successful, you will pay your lawyers a fixed percentage of the sum awarded, with no hidden fees and no extras such as VAT.
5. The clock is ticking
The Spanish Supreme Court has ruled that all claims need to be filed by October 2020.
There is a lot of paperwork for the legal team at MySpanishDeposit to do. The sooner you get in touch with us, the more time we will have to act, and the sooner you will get your money back.