Established Law Firm in the UK since 2007
Sanchez and Padilla Spanish Lawyers is a law firm with head offices in Liverpool, London, Marbella, Granada and Almeria and satellite offices all over Spain. It comprises a team of highly experienced lawyers, barristers, paralegals and translators with a collective track record of proven results. Enrique Sanchez, Head of the firm and Honorary Consul of Spain in Liverpool, together with partner Pedro José Padilla encourage all potential claimants to come forward and contact his team so that each individual case can be assessed.
So, if you have lost money in a property deal gone wrong in Spain, please call us or e-mail us.
Who can claim?
Thousands of non-residents that bought second homes in Spain during the boom times are now entitled to these massive refunds.
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No Win, No Fee
High Success Rate
Do I need to appoint a lawyer?
“Yes. You do need to appoint a specialist Lawyer if you want your money back quickly. Consumers that are entitled to pay outs require the assistance of a lawyer as Banks will be reluctant to pay back those large sums.Not a call center or claims handlers.
Deadline to claim?
Ley 42/2015 sets out 7th of October 2020 as the deadline to make a claim in respect of any amount put down as a deposit before 7th of October 2015. We, as your Spanish Lawyers can negotiate.
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Documentation that we Need
Our lawyers will need at least:
Regarding the matter at hand, it is indeed true that the Supreme Court has established that any Bank intervening in a building development is liable when the developer opened an account with the bank to receive the deposits paid by the buyers for these properties.
In accordance with the Building Development Act which repealed Act 57/1968 of 27th July, on the receipt of deposit payments for the construction and sale of property developments (in force until 1st January 2016), the developer was obliged by law to grant a bank guarantee or insurance policy to ensure the return of the deposits paid. However, few developers in Spain did this, and as a result, no guarantees or insurance covers were put in place to ensure the return of these monies.
The interpretation of the Supreme Court is that the obligation of the developer must also be the obligation of the bank where these deposits were paid in, and if they did not fulfil this obligation and the development was not completed or the property was not delivered to the buyer, then the Bank where these payments were made is liable. It is necessary, therefore, that in addition to the property not being delivered to the buyer, that the buyer paid the deposit into the relevant bank and that their deposit was not returned.
We have been already successful in recover large amounts for our clients from the Spanish banks.
If you want for your action to be considered on time you should act quickly and take immediate steps to recover the amounts put down as a deposit.
Spanish Supreme Court ruling provides golden opportunity for investors to claim back the fortunes lost in the Spanish property crash
Over the last 15 years, thousands of Brits bought into the Spanish dream of owning a holiday home in the sun. Unfortunately, the financial crisis of 2008 hit Spain’s property industry hard and many developers went bankrupt and disappeared overnight, leaving buildings un-started or unfinished and leaving buyers out-of-pocket and empty-handed.
The chances of claiming any money back from the developers was, at the time, virtually impossible, as buyers found themselves at the end of a very long line of creditors. The property developers should have secured the buyer’s deposits in accounts which were protected by bank guarantees, but the reality was that hardly any of them actually did this. UK buyers essentially had to kiss their investments goodbye. However, a landmark ruling issued by the Supreme Court in Madrid in December 2015 has set an exciting new precedent: any banks holding deposits for failed developers will now be obliged to repay those buyers.
Every day we Help People in your same Situation
“I appreciate so much the work done for me by Enrique Sanchez Spanish Lawyers, they managed the whole process on my behalf with great efficiency, I didn´t have to worry about anything, as they work only to succeed. I would really recommend the work of these guys 100%”
“Many thanks to Enrique Sanchez Spanish Lawyers as I was completely lost on the Ground Clause process, and did not know what to do, but they made everything smooth from beginning to end. It was easy to claim and the success was guaranteed. I was able to recover 100% of my money without paying anything. Excellent work!”
“I would define Enrique Sanchez Spanish Lawyers as an extremely transparent law firm with a reliable team. Their professionalism, seriousness and close working ethic with clients make complicated matters, such as the Ground Clause in my own case, so much easier and the outcome was excellent. I would recommend them in a heartbeat”