{"id":3617,"date":"2022-06-19T07:00:00","date_gmt":"2022-06-19T07:00:00","guid":{"rendered":"https:\/\/staging.in99.com\/blog\/calcular-clausula-suelo\/"},"modified":"2022-07-18T07:32:23","modified_gmt":"2022-07-18T07:32:23","slug":"calculate-floor-clause","status":"publish","type":"post","link":"https:\/\/staging.in99.com\/en\/calculate-floor-clause\/","title":{"rendered":"How do I calculate the amount to claim from the floor clause?"},"content":{"rendered":"

If you are one of the many people affected by floor clause mortgages,<\/strong> you should know what you are entitled to claim, and how much. Below, we offer you everything you need to calculate<\/strong> the amount you are entitled to due to the Spanish Floor Clause. We\u2019ll explain it to you with a practical example so that you can understand it better. We\u2019ll also tell you what else you can claim. <\/span><\/p>\n

Thanks to this post, all you\u2019ll have to worry about is how you\u2019ll spend the money you are going to get back.<\/p>\n

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Necessary information<\/strong><\/h2>\n

If you want to calculate<\/strong> the floor clause<\/strong> of your mortgage to find out how much the bank owes you, you’ll need to provide the following information:<\/p>\n

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  1. Date: month and year in which the mortgage was signed.<\/li>\n
  2. Amount: amount lent by the Bank.<\/li>\n
  3. Deadlines: Time agreed with the bank to pay the mortgage.<\/li>\n
  4. Differential: fixed part that must be added to the reference index. A loan from EURIBOR1 means that you’ll have to pay EURIBOR interest and 1% extra<\/li>\n
  5. Floor: the minimum percentage set out to pay in your floor clause<\/strong>.<\/li>\n<\/ol>\n

    What are you going to be able to claim?<\/strong><\/h2>\n

    The banks would like you to believe that you can only claim the difference in the paid fee. In other words, the difference between the fee paid with the Floor Clause<\/strong> and the fee paid at the correct rate. However, this is not the case, since you can also claim the legal interest rate of money and the difference of  loan capital.<\/p>\n

    Now, here\u2019s an example of each claimable element so that you understand it better:<\/p>\n

    To start off, we\u2019ll imagine that these are the characteristics of our mortgage loan:<\/p>\n