Banking Lawyers in Lanzarote

If you need banking lawyers in Lanzarote, our law firm in Arrecife is your best option.

Why choose this Law Firm in Lanzarote?

Specialists in Banking Law in Lanzarote: We have extensive experience and professional recognition in this field.

Highlighted Cases: We achieved the first ruling in the Canary Islands declaring the nullity of IRPH in mortgages following the Supreme Court's decision in October 2020. This case was widely covered by national and international media such as Economist & Jurist, Noticias Jurídicas, Diario La Ley, Cadena SER, Canarias 7, La Provincia, Revista Lancelot, Radio Lanzarote, and World Today News.

Our Banking Law Services:

• Advice on Mortgages and Loans: We help you review and negotiate conditions for mortgages, personal loans, and credits.
• Claims for Abusive Clauses: We defend those affected by floor clauses, IRPH, or other abusive practices.
• Mortgage Foreclosures: We advise and manage your mortgage enforcement process to protect your rights and find the best legal solution tailored to your situation, providing support at every stage so you can face this situation with confidence and specialised backing.
• Debt Recovery and Management of Defaults: We advise on the best strategies to manage defaults and banking claims. Read the latest financial and banking news and analyses at the Financial Times.
• Negotiation with Financial Entities: We negotiate favourable conditions with banks and vulture funds to obtain the best mortgage financing terms.
• Real Estate Advice: We help you secure the best financing conditions for your mortgage when purchasing your home (see our article on Real Estate Law for more information).

Frequently Asked Questions about Banking Law (According to Spanish law)

What should I do if I’ve been notified of a mortgage foreclosure?
It’s essential to act quickly. We review your case and work to stop the foreclosure or negotiate alternatives.

Can I lose my home if I stop paying the mortgage?
Yes, there is that risk, but by acting in time, legal solutions can be explored. Don’t wait too long.

Can the terms be negotiated with the bank or a vulture fund?
Yes, and often successfully. We advise and represent you throughout the process.

What happens if my debt was sold to a vulture fund?
You don’t lose your rights. We can negotiate new terms or challenge the debt if there are abuses or missing documentation.

Can I make a claim if I signed a loan with abusive clauses?
Yes. We review your contract to detect clauses such as floor rates, excessive interest, or early termination. We can seek to have them declared null and recover any overpayments.

What can I do if the bank is chasing me for an old debt?
We analyse whether it has prescribed or if there were any irregularities. We can help you defend yourself.

Can my salary or accounts be garnished for a bank debt?
Yes, but there are legal limits and ways to protect part of your income. We review your situation and act to minimise the impact.

What happens if I have debts during the marriage?
It depends on your marital property regime. Some debts may be shared, while others are not. We help you coordinate this with any family law procedures — see our divorce and family section.

What if I acted as a guarantor for a loan and the borrower doesn’t pay?
The bank can claim the debt from you. We assess whether it’s possible to oppose the claim and how to protect your assets.

Do I need a solicitor to deal with a bank?
It’s not mandatory, but it’s highly recommended. Banking procedures are technical and complex. At ABOGADAS LANCELOT, we defend you with experience and determination.

Looking for the best Lawyers specialising in Banking Law in Lanzarote?

At our banking law firm in Arrecife, we offer personalised attention tailored to your needs. You can request an in-person appointment at our office or, if you prefer greater convenience, via video conference (we will guide you on how to connect easily). We respect appointment schedules.

From the very first moment, we provide complete transparency regarding our fees. Additionally, our team is characterised by a close, respectful, and friendly approach.

We defend your rights against banks, investment funds and financial institutions. Contact our banking lawyers in Lanzarote.