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Brexit. What does it mean for your deposit?

On 31st January, Britain formally left the European Union. What does this mean for your Spanish holiday home deposit claim?

 

We’ve had so much uncertainty about Brexit over the last few years. Will it or won’t it happen? What will it change? Well, now it has happened, and we can confirm that Brexit has no effect on your Spanish holiday home deposit claim.

 

This is because when Spain’s highest court decided that when the banks didn’t take proper care of the deposits, they broke Spanish law. Whether Britain is a member of the EU therefore has no bearing on the claims.

 

So, a person living in England who lost money has as much right as a person living in Spain to go to the Spanish court and be compensated.

 

In fact, nationality and where you live has no bearing on your ability to claim at all. Whether you are English, Scottish, Welsh, Irish, Spanish, or anything else,  and whether you live in Madrid, Montreal, Mayo, Motherwell or Manchester – if you lost out, you probably have a claim, and you need to get in touch.

 

Whether you are English, Scottish, Welsh, Irish, Spanish, or anything else, and whether you live in Madrid, Montreal, Mayo, Motherwell or Manchester – if you lost out, you probably have a claim, and you need to get in touch.

 

You may also have heard that the UK’s relationship with the EU won’t really change until January 1 next year, after a transition period. But whatever happens next year has no bearing on your claim either, for the same reasons.

 

The single biggest thing that does have a major effect on your claim is the deadline.

 

Spanish law says that all claims must be properly filed by October 7, 2020. That might seem like plenty of time to act, but when you consider the administrative steps that need to be taken to get the claim filed, it really isn’t very much time at all.

 

An estimated half million people were affected by the crash and are eligible to claim their deposit back. We believe that about 100,000 of them are British or Irish citizens. Some will be ex-pats living in Spain. Others will be living in towns and cities across the British Isles. We want to help as many people as possible.

 

We need some details from you to put together a legal claim on your behalf. There is very little you have to do, but we have to do a lot in order to prepare your case and give you the best chance of success in the court hearing.

 

We need some details from you to put together a legal claim on your behalf. There is very little you have to do, but we have to do a lot in order to prepare your case and give you the best chance of success.

 

This means that we have a lot of work to do, and very little time in which to do it. So if you get in touch with us just before the deadline in October, we really won’t be able to get your claim filed in time.

 

In fact, the sooner you start your claim, the better.

 

We will cover all costs, so there is no risk to you. And our pledge is to make it as easy as possible for you. So there really is no reason to delay.

 

In short, Brexit or no Brexit, EU or no EU, if you have a claim in Spain and you want your money back, you need to get in touch with us as soon as you can, or lose it forever.

 

Start your claim here, or call 020 7936 0959 or email us now if you need our help.

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