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As the saying goes, “better late than never”, this is what I should think all users who have a mortgage with the so-called ground clause, that for which at the lows experienced by the euribor since 2008, no have been eligible for any of these falls in their mortgage payments.

But the land mortgage terms have ended at least in financial institutions BBVA, Caixa Galicia Cajamar and as a result of a lawsuit filed by the Association of Users of Banking Services, according to a ruling by a judge on such clauses.

This means that these entities should immediately remove the soil from their mortgage terms because there is a gap between floor and ceiling interest rate that applies in these products.

Although the bad thing is that the benefit will experience having a land mortgage mortgage clause will be limited because it takes a month Euribor rise and the bad thing is that is in an uptrend.