The Supreme Court issues two sentences on “revolving” matters: 23.9% APR is not usury

The Supreme Court issues two sentences on “revolving” matters: 23.9% APR is not usury

The Plenary of the First Chamber of the Supreme Court has issued two new ones on credit revolving. On one hand, the STS 257/2023, of February 15analyzes the determination of the usurious nature of a mortgage loan in which the lender is not a credit institution. On the other hand, the STS 258/2023, of February … Read more

EBN overtakes Santander and becomes the first bank with a reverse mortgage | companies

EBN overtakes Santander and becomes the first bank with a reverse mortgage |  companies

EBN has today become the first bank to offer a reverse mortgage in Spain, a financial product that allows homeowners over the age of 65 to obtain a loan that they do not have to return until the duration of the same expires and that the house is guaranteed. When contracted, it does not imply … Read more