A SPANISH LIFE NEWS: “Clausula Suelo”: What is it and can you claim money back from the banks?

Over the last 20 years or so, buyers from all over the world have flocked to Spain in order to buy their dream Spanish property. In doing so, many of them used tracker mortgages and, as a result, may have been paying too much interest on the money they borrowed.

Tracker mortgages offer interest rates that track the Euribor (European Interbank Offered Rate) which is a reference rate that is updated daily. It takes into account the average interest across all the countries in the Eurozone. Tracker mortgages are good because if interest rates are good because if the interest rate falls, then the amount of interest a borrow pays should also fall.

Many Spanish banks, however, have been found guilty of not passing the decrease in interest onto their clients when the rates dropped in 2009. Instead, they included a minimum rate of 3% to 4% in their mortgage agreements meaning that borrowers never benefited from the lower rates and banks continued to enjoy high profits from their lending activities.

The “clausula suelo”, or interest floor clause, caused many to lose their entire life savings as well as their homes because they could not keep up the repayments. The Supreme Court in Spain agreed that many of the clauses in the mortgage agreements are unfair and have ruled that mortgage holders are able to claim back their money.

In some cases, the amount of money which can be reclaimed runs into thousands of Euro.

If you have been affected by having a Interest floor clause mortgage and would like our help in recovering your money, then please send us a email to: admin@aspanishlife.com as we will be able to help you.

La Marina

A SPANSIH LIFE NEWS: Moving Abroad Can Be the Perfect Choice

Every year, thousands of people all over the world choose to pack up their possessions and move to another country. For some, it is the chance to start over in a new location, for others, it’s a place that they have always wanted to live. Whatever the reason may be, for many, moving is the perfect choice for them. These are some of the best reasons for finding a new home.

A Chance for a New Life

If you have been through a tough few years, the thought of going to a new country to start over can have a lot of appeals. Though many people move to other areas of their own country, due to divorce, lack of work or to move closer to family, there is still the chance that old problems can resurface. However, moving to a new country gives you the chance to begin a new life and the opportunities that go along with it.

The Chance to Learn a New Language and Culture

One of the most difficult moves can be to a country that doesn’t speak your language. Not only will you be in a new country, but communication may be difficult. However, there is a lot of excitement from learning a new language and becoming immersed in a new culture. If you are planning ahead, then you may have time to learn a few phrases before you go. If not, then you will have a lot of fun learning as you go along.

Becoming More Sociable

If you have lived in the same location all your life, then meeting new people might not happen often. That’s why moving abroad is also a good idea, because it can encourage you to meet new people and make new friends. If there is a language barrier, then seeking out others from your country is an effective way to make friends and learn the language too.

Learning the Value of Possessions

One of the things that you will soon realize when moving to another country is how little possessions mean to you. When you moved, you most likely just took a few things and some clothes because you cannot take everything with you. However, possessions are just a collection of things and do not define who you are or where you live. Starting somewhere new can lead you to a less materialistic lifestyle.

Where you choose to go is a matter of personal choice, the important thing to remember is that you enjoy the experience along the way. In the end, it will make your life richer for the new experiences and people you meet. Before you make the move, though, ensure it is the right step for you and your family.

La Marina

A SPANISH LIFE NEWS: Family-Friendly Things To Do In Costa Blanca On A Budget

Alongside the typical overpriced package holidays available in Spain, there are countless family-friendly things to do in Costa Blanca on a budget. From going snorkelling at Tabarca and exploring life below the water to touring around The Santa Barbara Castle or simply spending a day at a beach equipped with multiple facilities suitable for both you and your family, there is something for everyone in the family to enjoy.

If you’re heading on holiday abroad, and you face a financial emergency, then you may be able to apply for an online payday loan to provide you with the monetary assistance that you urgently require. However, ensuring that you budget in place for your holiday, and have a savings fund in place, can help to ensure that you have the holiday of a lifetime, without any worries! Below, we explore the top family-friendly things to do in Costa Blanca on a budget.

Go Snorkelling At Tabarca

If you are seeking family-friendly things to do in the Costa Blanca on a budget, why not go snorkelling around the stunning Isla Tabarca or Tabarca Island? Situated off the coast of the Costa Blanca, this island boasts marine life you will struggle to find elsewhere unless you know exactly what you are doing, including octopus, red mullet and sea bass.

Not only is this location along the sunny coast the perfect location for a family day trip, but should you decide to explore the beautiful Tabarca, you can venture around the small fishing village which is the perfect place to taste some of the best local cuisine.

Explore The Santa Barabara Castle

The views from Santa Barbara castle over Alicatnte are stunning
The views from Santa Barbara castle over Alicatnte are stunning
Located at the very top of Benacantil Mountain, The Santa Barabara Castle is a must-visit when in Alicante. Situated 166 meters above sea level, not only will you be able to see almost the entire bay of Alicante when visiting this iconic castle, but by embarking on a private tour, you will enter exciting places that are currently closed to the public, including the dungeons, and other memorable experiences for just €2.00!

Once you have completed your tour, you can have lunch in the Castle restaurant. We strongly suggest trying out the paella!

Terra Mitica Amusement Park

If walking around a castle doesn’t sound like it will entertain your little ones for very long, why not visit the Terra Mitica Amusement Park instead? This magnificent theme park is divided into five themed zones, which are: Egypt, Greece, Rome, Iberia and the Islands. Opened in 2000, the park now boasts an array of popular water rides including Giant Splash, Log Flume and Rapids as well as numerous roller coasters, including the heart pounding ZacSpin Coaster. Better yet, you can get admission to this amusement park for as little as €28.00, so you certainly won’t be breaking the bank for a day full of family fun!

Go To The Beach!

With more than 200km of beaches to choose from, why not go to the beach for an inexpensive family day out in Costa Blanca? Many of the beaches you can go to in Costa Banca are equipped with free facilities such as toilets, play areas, lifeguards, beach-side bars and restaurants so you can enjoy watching your loved one’s splash around safely while you enjoy sipping a cocktail watching the sunset beyond the horizon. Playa de Levante, Playa de San Juan and Cala Ambolo are just three of the most favoured Costa Blanca beaches across the board. Priceless fun in the sun!

Visit The Algar Waterfalls

For just €5.00 between June and October, why not visit the iconic Algar Waterfalls? Whatever you do, be sure to bring a swim suit, towel and a dry change of clothes! Though the areas surrounding the waterfalls can be slippery, so small children may struggle, it is still a great place to visit, which is why so many families embark on the journey along the river each year starting in the small town of Callosa d’En Sarria. Just don’t forget to take sunscreen along with you!

There are numerous fun family activities on the Costa Blanca suitable for those who want to stick to a budget. From going on a snorkelling adventure in the beautiful Mediterranean Sea to going on a road trip to Terra Mitica Amusement Park which attracts thousands of tourists every year, there is something that your entire family can enjoy, for less.

La Marina

A Spanish Life News: Rajoy says that Spain and the UK will maintain their current “wonderful relationship” following Brexit

Spain and the UK will maintain their “wonderful relationship” following Brexit says Rajoy

The President of the Government, Mariano Rajoy, stressed in London, where he met with the British Prime Minister, Theresa May, that the second phase of Brexit negotiations will start “as soon as possible”. He also thanked Theresa May for her position on Catalonia.

​At the press conference that Mariano Rajoy and Theresa May offered the media at the start of their meeting, they agreed that Spain and the United Kingdom maintain close and fruitful relations and that these will continue following the United Kingdom’s withdrawal from the European Union.

The President of the Government of Spain described bilateral relations as enjoying a “wonderful” period: the United Kingdom is the leading destination for Spanish investments and the fourth ranked trading partner while, in turn, the United Kingdom is the second ranked investor in Spain. “But the most important aspect is the relations between the people”, said Mariano Rajoy, who recalled that 18 million British tourists visit Spain each year, half a million British citizens live in our country and 250,000 Spaniards reside in the United Kingdom.

The President of the Government argued that both governments have been “very active” in defending the rights of citizens in the negotiations for the withdrawal of the United Kingdom from the European Union. He also expressed his “absolute conviction” that the second phase of these negotiations will start “as soon as possible”. The goal, he maintained, is “to preserve the wonderful relations” that exist between Spain and the United Kingdom.

Respect for the rule of law

As regards the situation in Catalonia, Mariano Rajoy thanked Theresa May for the support she offered the people and Government of Spain over this matter. “Without respect for the rule of law and for the laws of a country, there is no democracy”, he stressed.

For her part, the British Prime Minister expressed her “support for the President of the Government on the issue of Catalonia” and expressed that “it is fundamental for the rule of law to prevail and for the Spanish Constitution to be respected”.

To end, the President of the Government pointed out that combating terrorism is a priority for both countries. “We have been hit very hard, but we will win this fight and to ensure this it is fundamental, as indeed we have been doing, for our intelligence services work together ever more closely”, he remarked.

Royal British Legion - Orihuela-Costa, Spain

La Marina

People being burgled

Hi .just to inform people to be aware that there has been
3 properties burgled on El. Oasis in the last couple of weeks
I found this out from my Next door neighbor who’s friends
was one of the victims he told me this yesterday Friday the 17th,
On Saturday 11th of November I was sat on my patio when I noticed a man a woman were walking past she took a photo of the name Of my villa he was walking in front of her then I saw him point to myAlarm company’s name on my railings I thought at the time it was suspicious doing this .this couple I have never seen before and they
Looked out of place .he was a big stocky guy full of tattoos dark goatee beard with glasses aged about 30ish
She was a lot smaller long fair hair tattoos and glasses .both were using Sign language I’m not sure about there nationality.
I am back in the uk now I think I should have reported this to the police
So people be aware they could be the burglars.

La Marina

Thank you for letting people know to be on their guard. Shame that no body could set up some sort of Neighbourhood watch!

Commented Support in Alicante 2017-11-20 23:18:06 UTC


Does anyone know how to cancel an E Bay Bid??
I put an offer of 3 quid on a cowboy outfit and now I am only 6 minutes away from owning

La Marina

Very funny Sir!
Anyone else out there has any good jokes (not too rude thou)
Something that makes you smile is worth its weight in Gold!

Commented Support in Alicante 2017-05-10 10:03:15 UTC

Very funny joke,nearly as funny as Maggie Mays husband Woody Allen,and a lot older.

Commented blarter222 in La Marina 2017-05-11 21:12:15 UTC

Go on to the web site and contact eBay.uk
you may also find it as an what if question on the website

Commented FOX160 in La Marina 2017-09-28 15:03:47 UTC

Property wanted

Are there any properties that owners wish to sell in the Consum type area of the Urb 2 or 3 bed Looking for a business friend of mine friend of mine who often has clients looking for your area. Up to now he has had to disappoint them, hence my posting. Message me please if so. Possible best on facebook Ian Dundas-Collins

La Marina

The Urbanisation La Marina

After visiting this nasty horrible tacky little Britain encampment in the sun we have decided it is not the place for us, we found it to be a dirty shabby unkempt and uncared for place. The locals appeared to us to be locked in a time warp or perhaps have been extras in the film "the hills have eyes". We actually found that the people who inhabit this godforsaken corner of Spain appear to have a monopoly on stupidity either that or they were all absolutely pie-eyed most of the time.

We have decided to buy in Cornwall instead to be closer to family, good luck to all of you, I think you'll need it with the way the Brexit negotiations are not going.

Oh dear, Bill. Clearly you had a rather unedifying experience when viewing prospective properties in La Marina. That's a shame and to be regretted. Everyone is entitled to their opinion but I find your generalisations about people who chose to make La Marina their destination of choice personally offensive. As someone who has recently bought a property in La Marina and the holder of a 2:1 honours degree in Political Science, a post grad qualification in finance, professionally qualified chartered accountant and a professionally qualified internal auditor I resent your facile comment about stupidity abounding in La Marina. I hope you'll be happy in your chosen destination and find the intellectual stimulus you seem to have not found in La Marina.

Commented colintempleblu in La Marina 2017-07-14 12:18:21 UTC

I think your comments about the locals were rather uncalled for. Yes parts of the urbanisation are unkempt and untidy. ( before anybody shoots me down,, just look at the amount of weeds growing up the side of peoples houses)

As somebody that is well travelled you will find that what you found on the urbanisation, you will find in every other country in the world, even Cornwall !!!!!!

Commented silverfox1955 in La Marina 2017-07-15 11:18:35 UTC

Don't know why you felt compelled to inform us all about your long list of qualifications. You ain't gonna need them on the Urbanisation. However you will probably fit right in with all your self gratification.

Commented Bill Smyth in La Marina 2017-07-15 23:24:25 UTC

Dare I say, if you are basing your judgement of the "type" of people that you have encountered in the last few weeks as being the "window display" of the Urbanizacion you will come away slightly inaccurate view. I say this because there are a lot of tourists here at the moment and, because they are holiday makers, they might not conform to your ideal. Remember that for a considerable portion of the year the place is only occupied by residents and it's character really does change......in my opinion. it's not an unpleasant place to live at all.
Good luck in your chosen spot.

Commented Bob Smith in La Marina 2017-07-16 16:10:22 UTC

I wanted to show you, OP, that your gross generalisation about people on the urb is both unfair and inaccurate. Next time you feel compelled to post such sweeping statements at least be sure of your facts.

Commented colintempleblu in La Marina 2017-07-16 20:47:29 UTC

I think I am an average immigrant (British, French, German, Swedish,.......) who has chosen to live in la Marina and I am proud to say that this is a nice place to live in. The biggest problem for us immigrants is to learn Spanish but with a mix of languages ​​we can still communicate with most of our neighbors. And we like it.

Commented reindeer keeper in La Marina 2017-07-18 17:12:15 UTC

This is only my opinion of the time, place and people. However this was formulated after spending some time amongst you all both during holiday periods and other times. Again this is my opinion about the degeneration and over development of the Urbanisation formed after close to ten years visiting this area of Spain.
We met many people who sounded like that fellow with all the qualifications, you're all welcome to him that's one less in the UK. No doubt he'll be community president on one of the phase's somewhere, overwhelmed by his own sense of self importance.

Commented Bill Smyth in La Marina 2017-07-21 06:58:36 UTC

So glad that you decided not to spend anymore time in La Marina Urb. You are a gross idiotic knumbskull and wrapped up in your own supposed greatness. Keep your vile judgements to yourself you arse!

Commented justwills in San Fulgencio 2017-07-24 13:46:59 UTC

You really clasify my opinions and observations as vile? What a Muppet you are, you must have have been one of the cretins I had the misfortune to come across on my travels around your neck of the woods.
I think the rumours were all true that the fall-out from Chernobyl fell mostly over la marina I had suspected this to be so. Just take a wander to the bathroom and look to see what others see, it ain't pretty.

Commented Bill Smyth in La Marina 2017-07-24 20:55:36 UTC

So, you didn't make any friends then?
Better luck in Cornwall!

Commented Josie in La Marina 2017-07-29 12:37:09 UTC

bill smyth you really are a piece of shite, i have over 20 close friends here on the urb and they are the nicest people i have ever met.
i wonder if you have the guts to come back to la marina one last time and call me all those names to my face!!!

Commented exsas in La Marina 2017-07-31 11:36:18 UTC

Bill, perhaps you are just a wind-up merchant and are just out to make mischief (the kindest interpretation that can be put on your sad and angry posts about the urb). However, it's worth pointing out that you contradict yourself, thereby invalidating any of the views you've spewed out here. In another post a few months ago you asked for information about La Marina as you're thinking of moving to the area - making it clear that at that time you didn't know it at all, yet in this thread you state that your views are based on ten years' worth of knowledge of the area. Oh dear Bill, a little confused, are you???? Whatever the truth is, I think everyone agrees that it's best you keep your poisonous and ill informed views to yourself and stop knocking the urb. You come across as a sad and angry individual, we don't need your negativity in the urb. Good luck with wherever you end up, I hope you'll be happy elsewhere.

Commented colintempleblu in La Marina 2017-07-31 18:14:13 UTC

thank you and well said

Commented exsas in La Marina 2017-07-31 19:26:23 UTC

Ha - That's what you call BUSTED !

Commented Rod in La Marina 2017-08-02 15:30:46 UTC

So pleased you are not coming here. Do not like moaners, we all came here to escape your sort.

Commented Ian in La Marina 2017-09-12 09:57:31 UTC

Electrician needed

Hi, can anyone recommend a good electrician to rewire whole villa? We are in Urb la Marina. Thanks

Ley antitabaco de España de 2011

Seems as there is no risk getting caught if you are smoking in bars and restaurants or has anyone ever seen or heard of any inspection here in the urb.?

But maybe just chucked out !!!

Commented 2nd Casa in La Marina 2015-12-05 18:00:04 UTC

Might as well smoke in bars, because in my local, they stand at the front door and the smoke blows through.

Commented Al Marina in La Marina 2015-12-06 11:29:41 UTC

Something for councilor Mª Ángeles Ferrandez Aniorte? Responsible for Health Party (Casco Urbano), Social Services (Casco Urbano), Woman, 3rd Age, Or Vicente Pérez Murcia? Police, Sport, Industry, Animal Market Cemetery

Commented reindeer keeper in La Marina 2015-12-07 15:11:54 UTC

I don't think I've ever seen someone smoking within a bar since the ban.

Commented chalkie in Quesada 2015-12-10 00:38:43 UTC

i am a non smoker,but i think its disgusting and wrong for the owner of a bar not being able to have a smoking premises if he wants one,especially uk where mostly its cold and miserable outside.if non smokers dont like it they can go elsewhere.

Commented exsas in La Marina 2015-12-10 08:41:28 UTC

Like you I've never smoked but am not that anti smoking. I've heard some pubs in the UK are stopping the vapour cigarettes.

Commented chalkie in Quesada 2015-12-10 11:10:16 UTC

nearly all the bars in uk wont allow vapour cigs
still have to go outside to use them

Commented mark in La Marina 2015-12-10 12:59:30 UTC

I thought they were just flavoured water. Should kill off a few more smoking pensioners. Expect to see it Spain soon.

Commented chalkie in Quesada 2015-12-10 16:35:12 UTC

Having just repatriated to my Country of birth, I was amazed to read that some pubs had banned smoking vapour ,. That was until I took a train journey and while waiting for a train on an open station ,I heard a station announcement, which stated the this totally innocuous pastime wa not allowed on bthe platform. Just when will these sick do gooders, stop bitching and get a life.
P.. I neither smoke or vapour.

Commented Alan in La Marina 2015-12-16 19:54:50 UTC

Hello Alan,
Sorry to find out that you have returned to the UK. La Marina and this forum will miss you. When I was told about the vapour ban, I thought it was a joke. Coupled with the number of rubbish bins (5 last count) and different collection days, I was reminded why we moved here in the first place.
Still, the transport system is good, but people seem to moan about that.

Commented chalkie in Quesada 2015-12-17 12:47:23 UTC

Exposure to e-cigarette pollutants might be a health concern, as fine and ultrafine particles might be deposited in the lung.

Commented reindeer keeper in La Marina 2015-12-17 15:34:24 UTC

American blogs selling alternatives doesn't really persuade me. All I tend to see is old people freezing outside Pubs on the way to a chest infection. The selling of Alcohol will be banned in pubs in the UK next.

Commented chalkie in Quesada 2015-12-17 18:51:36 UTC

You sre perfectly correct Chalkie, The rag promoting that Vapour smoking is hazardous to health and secind hand intake is of course from someone trying to sell, what they describe AS A PERFECTLY SAFE WAY TO STOP SMOKING

Commented Alan in La Marina 2015-12-18 14:42:47 UTC

Hi Alan sorry you've left us for the 'other'place. Hope you find everything to your liking but doubt it. You know what it's like there, but, Merry Christmas and we'll miss your comments.

Commented Peter Horsfield in La Marina 2015-12-23 17:06:25 UTC

Hi PeteYep have just completed my first month, back in blighty, Must say As yet quite pleased even the weather aint bad. I am missing some of the people I met in Spain, Some of the good points include the lack of yappy dogs morning noon and night, lack of mossies, lack of cockroaches,and the thing that made my move imperative was the great public transport over here as compaired to La Marina Area.. Hope you are all well, and enjoying La Marina as much as I use to

Commented Alan in La Marina 2015-12-23 17:52:10 UTC

I assume you will still be reading and commenting on the good and the not so good points we have over here. We will miss your incisive comments!!

Commented Peter Horsfield in La Marina 2015-12-23 18:13:43 UTC

I went to a hypnotist near Benidorm to stop smoking & he fixed my depression got me slim & stopped me smoking it's like I have a whole new life he's fab
He's called Peter & he can fix just about anything call him (+34) 602 21 55 18

Commented natalie.wilson123 in Benidorm 2017-08-01 06:53:45 UTC
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