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IMPORTANT NOTICE TO ALL OWNERS WITH A MANCHESTER BUILDING SOCIETY (“MBS”)...
If you are reading this article there is a good chance that you are among the 200 odd owners of Spanish property that took out a mortgage with Manchester Building Society, now part of Newscastle...
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Pensioner wins Equity Release case against Jyske Bank and SEB LIFE...
Great news for a British pensioner who has just won his equity release case against Jyske Bank and SEB Life. In a 20-page ruling, the judge in Court 5 of Fuengirola has determined that the equity...
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FUENGIROLA COURT DECLARES NYKREDIT’s MORTGAGE NULL AND VOID while CHRISTEL...
Court of First Instance 1 in Fuengirola has declared an Equity Release mortgage loan valued at €1.4 million null and void. According to the ruling, Nykredit Realkredit A/S (largest lender in Denmark)...
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ERVA FOUNDER EUAN ARMSTRONG WINS IN COURT!
Euan Armstrong, President and Founder of the Equity Release Victims’ Association, has finally succeeded in having his 2004 mortgage loan rendered illegal by a Spanish Court. When in 2010 Danske Bank...
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Málaga Appeal Court slams SLM for illegal mortgage selling.
The Málaga Appeal Court has rejected all grounds for appeal brought by SLM (Surrenda Link Mortgages) against the primary ruling by a Court of Instance in Fuengirola. In the extensive ruling, the...
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BREAKING NEWS: Supreme Court of Spain confirms the illegality of 12 equity...
The Supreme Court of Spain has upheld the illegality of 12 mortgage loans valued at six million euros, granted to British families mostly in Malaga province between 2004 and 2007, and orders land...
View ArticleInternational Property Finance (Spain) Ltd. loses right to file an answer to...
International Property Finance’s bid to have its response writ accepted by a Fuengirola Court has been rejected for being filed late. “IPFSL”, an Rothschild’s offshoot that operated in Spain without...
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Nykredit and Landsbanki rejected again in bid to remove cases from Spanish...
Nykredit and Landsbanki, desperate to avoid Spanish judges examining their corrupted mortgage loans -sold as benign “equity release” tax-avoiding legal instruments- have seen their motions to relocate...
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Landsbanki and Jyske Bank are refused to have their cases heard in Luxembourg...
Landsbanki in liquidation (perpetual it seems) and Jyske Bank are trying everything within their reach to have their cases extracted from Spanish Court and dealt with unfamiliar and likely...
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CAIXABANK SENTENCED TO REFUND MORE THAN €400,000 TO A RETIRED COUPLE
On September 23rd, the First Instance Courts No 2 in Novelda (Alicante) pronounced a sentence whereby a false equity release scheme, signed up by an octogenarian British couple in 2007, was rendered...
View ArticleCourt 4 in Fuengirola voids 9 equity release mortgages taken out by British...
Esperanza Broz Martorell, presiding over Court of First Instance 4 in Fuengirola, has declared that 9 mortgage loans worth close to 4 million Euros taken out by British property owners with...
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Rothschild lawyers prepare for Court war
N.M. Rothschild & Sons has taken the legal defense of the Equity Release (ER) cases in Spain as a matter of life or death. In a very generous interpretation of Spanish procedural laws that allow...
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Landsbanki fails to transfer Equity Release cases to Luxembourg
It has been a while since our last post, but things have been fairly quiet in the litigation front, save for Landsbanki’s cases. Undeterred by recent rotund judicial response against Equity Release...
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OLD MUTUAL INTERNATIONAL (ISLE OF MAN) LOSES JURISDICTION BATTLE
A very worried Old Mutual International Isle of Man has lost its bid to have the Spanish Courts deny jurisdiction to judge the illegality of the “Executive Investment Bond”, as reported by the El...
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Nykredit and Sydbank Cheated Foreigners with Mortgages Worth Millions
Two Danish Companies persuaded British property owners to take out mortgage loans they could not repay Following the Appeal Court ruling against Nykredit and Sydbank where both defendants have been...
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SLM Loses Again: Appeal Court reverses Court of 1st Instance Ruling
The Appeal Court in Malaga has ordered the cancellation of a mortgage loan that was granted in favour of Surrenda Link Mortgages (SLM) on grounds that this company offered loans for investments but...
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BREAKING NEWS: Malaga Appeal Court Demolishes Nykredit & Sydbank’s Equity...
The Malaga Appeal Court has reversed an unjust Court of First Instance ruling and granted relief to two British pensioners victims of the “Spanish Equity Release Package” (SERP), peddled by Nykredit...
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Court Orders Stay on Nordea’s Foreclosure Proceedings
An Estepona Court has order an indefinite stay of proceedings in respect to a foreclosure case brought by Nordea against a Danish Equity Release victim. Nordea’s aggressive stance was met with...
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CHANGE OF FORTUNES: BANKS SET TO LOSE MILLIONS WORTH OF EQUITY RELEASE CONTRACTS
A recent ruling by the Appeal Court of Bilbao -confirming an earlier ruling by the Court of First instance-is to set the ground for future cases on the so-called Equity Release mortgage loans. Three...
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BILBAO APPEAL COURT UPHOLDS THE ILLEGALITY OF THE SLM MORTGAGES
The Appeal Court in Bilbao has upheld last year’s ruling by the Court of First Instance 11 in Bilbao and determined that mortgage loans granted by Surrenda Link Mortgage (SLM) to invest with Premier...
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