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Spanish Banks to Compensate British Property Investors

In a landmark ruling the courts in Spain have ordered a Spanish bank to compensate an off plan property investor who lost their deposit when a developer went out of business.

The decision opens the way for thousands of British property investors who lost out to reclaim the money they thought had gone forever.

When the Spanish holiday home market was booming British people were targeted as a lucrative market by property developers in Spain.

Investors were tempted to pay significant deposits to purchase off plan properties.

However, when the recession bit, many investors lost their deposit as developers went bust without finishing or even starting building work.

Now the courts in Spain have said that the Spanish banks which financed the developments should compensate those who have lost out for failing to protect their deposits.

Claiming compensation in the Spanish courts can be a complex undertaking, so we have teamed up with lawyers in Spain to enable British investors to recover their lost deposits.

We are able to act as agents on your behalf, liaising with the Spanish lawyers on a No Win, No Fee basis.

If you have suffered loss in relation to a Spanish property development and are interested in pursuing a claim then call us on 0333 888 0403.

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This website www.proneg.co.uk has been in operation for more than 20 years, making it one of the longest established professional negligence resources available on the internet.

It is run by Slee Blackwell Solicitors LLP, an award-winning firm of solicitors specialising in professional negligence law. We have been awarded Lexcel accreditation by The Law Society for excellence in client care and the firm is included in the independent guide to the legal profession, The Legal 500.

We exclusively represent claimants and provide a nationwide service throughout England and Wales. We are usually able to offer No Win, No Fee funding where the prospects of success are good, and the value of the compensation claim exceeds £25,000.

A member of our specialist team will be happy to provide you with a free assessment of your case. Simply contact us by phone or email.

Call Free - 0333 888 0403

 CLAIMS VALUED BELOW £25,000 

Unfortunately, we are no longer able to offer No Win, No Fee funding for claims valued below £25,000. However, we can assist with these claims if you have legal expenses insurance and or would like to set an initial fee limit on a privately funded basis.