Spanish Lawyer: Reclaim Your Mortgage Insurance Payments!

Spanish Mortgage Holders Can Reclaim Insurance Payments, Lawyer Claims Madrid, Spain – A Spanish lawyer, Xavi Abat (@xavi_abat on TikTok), is advising mortgage holders to check their insurance policies for potentially illegal clauses. Abat, who has been practicing law since 1999, claims that many banks illegally force customers into life or home insurance policies as a condition of their mortgage. "Many banks include clauses in mortgage contracts that obligate clients to purchase unnecessary insurance," Abat explains in a recent TikTok video. "This practice is often abusive and illegal." He uses the example of a 20,000 euro single-payment life insurance policy, arguing that this type of upfront cost is a clear indicator of an abusive clause. Abat asserts that consumers who have been subjected to these practices are entitled to a full refund of the amounts paid. "The good news is that you can annul these clauses and get your money back," Abat states confidently. He encourages anyone affected to contact him for legal assistance. Abat's video has already garnered thousands of views on TikTok, indicating significant public interest in this issue. His advice offers a potential avenue for financial relief to many Spanish mortgage holders and highlights the importance of carefully reviewing mortgage contracts.