The Appeal Court in Malaga has ordered the cancellation of a mortgage loan that was granted in favour of Surrenda Link Mortgages (SLM) on grounds that this company offered loans for investments but also, were linked to the management of the those investments when they were not licensed to do so, in Spain. The ruling reverses a previous ruling by a Court in Marbella that ruled that SLM was not at fault.
SLM acumulates several adverse rulings, in spite of which they keep insisting that their Turnk Key Mortgage is and was lawful.
The claimant was represented in Court by Salvador Martinez Echeverria.
