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 branded “clandestine operators” for operating without a license, Spanish national press have extensively covered this extraordinary story of fraud and deceipt.
The following media have written about this deception:
Hi Antonio in the article is said that they were operating without a license would this apply to all the IFA that have been involved in all this or just the banks and what is the licence . Also what law does it come under in Spain.
Tip of the iceberg as more banks are being exposed as being involved in illegal equity release schemes promoted by illegal Spanish based companies employing illegal “financial advisors” hawking illegal products operated from less than savoury tax evasion havens such as the Isle of Man, Guernsey, Luxemburg and now Denmark!
Well done to all those brave people who refuse to give up the fight against cowardly scoundrels who prey on elderly people. First class result!
..Great news again for all those scammed by banks peddling illegal investments/life insurance products. It has taken a lot of time but now month by month the courts are hearing all these cases and ruling in favour of the luckless ex-pats.
Great news yet again for all victims of the the now infamous equity release/Insurance scams.
I have a Keyplan mortgage with Jyske Bank. Although it wasn’t for equity release/ investment purposes I am wondering if I would have a case to be able to cancel the mortgage and get it declared nul and void?
I have seen in France that several people have been successful in getting their Keyplan mortgages cancelled and parts of the interest they have paid refunded due to the Keyplan mortgage document being illegally/badly worded. Is this the same case in Spain?
Hi, I have a Keyplan mortgage with Jyske Bank. Although it wasn’t for equity release/ investment purposes I am wondering if I would have a case to be able to cancel the mortgage? I have seen in France that several people have been successful in getting their keyplan mortgages cancelled and parts of the interest they have paid refunded due to the Keyplan mortgage document being illegally/badly worded. Is this the same case in Spain?
Dear Nick,
Many thanks for your email. We would have to review your mortgage deeds to find out if we can help you. Do you happen to have a copy? If so, please email a copy to info@erva.es.
Kind regards,