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Legal & Finance news & information for Spain

Euribor's new historic low sees Spanish mortgages plummeting
Legal & Finance Fri, Aug 30, 2019

Euribor's new historic low sees Spanish mortgages...

EUROZONE interest has hit a new low and is expected to break all records at the close of August, having dropped to -0.354%. Although the official month-end figure will not be announced by the Bank of Spain until after...

Tax office writes off all debts of €3 or less
Legal & Finance Tue, Aug 13, 2019

Tax office writes off all debts of €3 or less

SPAIN'S tax authorities have wiped out all debts owing by individuals and companies for €3 or less, according to a communication released today (Tuesday). Hacienda, as the national revenue office is known, says an...

Is Spain becoming a cashless society?
Legal & Finance Wed, Aug 7, 2019

Is Spain becoming a cashless society?

DEBIT card use has soared in Spain so far this year and cashpoints are having to be adapted to offer other functions besides withdrawing notes, according to the Bank of Spain. As at the end of the first quarter of 2019...

Fairer pension calculations for part-timers: How it works
Legal & Finance Sat, Jul 6, 2019

Fairer pension calculations for part-timers: How it works

A WELCOME change in the pension contribution system means part-time workers will no longer have to spend longer in employment to qualify for an earnings-based retirement fund – a move that is expected to affect around...

Spain's mortgage law reform explained: Peace of mind and lower costs
Legal & Finance Sat, Jun 22, 2019

Spain's mortgage law reform explained: Peace of mind...

ANYONE signing for a new mortgage since Monday will have noticed a dramatic change in processes now that legislation has introduced a complete overhaul of the home loan system covering who pays what, how applications...

Interest rate rise postponed for at least another year
Legal & Finance Wed, Jun 12, 2019

Interest rate rise postponed for at least another year

THE EUROPEAN Central Bank's (BCE's) decision to postpone interest rate increases across the board means mortgages and credit in general in Spain and other common currency countries are likely to remain stable...

Free-of-charge bank accounts for low-income residents
Legal & Finance Fri, Mar 29, 2019

Free-of-charge bank accounts for low-income residents

RESIDENTS in Spain with little or no income will be able to open bank accounts completely free of charge, economy minister Nadia Calviño has announced. She says a bank account from which to pay bills and receive income...

Bank account commission to be capped at €3 a month
Legal & Finance Tue, Mar 5, 2019

Bank account commission to be capped at €3 a month

BANKS will be forced to cap current account commission or ‘admin charges’ to just €3 a month by March 25 in a welcome move introduced this week by Spain’s national government. Depending upon where you bank,...

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