Overdraft fees can’t be above 2% rules Supreme Court

The Supreme Court of Spain today ruled that non mortgage overdraft and non-payment fees from banks can be more than 2% above the base rate. The ruling came after a test case by Santander bank (which it has now lost) and is based on EU rules. The sentence rules that in personal loans, which are not mortgages, taken out by private individuals, defaulting fees that are more than 2% above the base rate are abusive Continue reading Overdraft fees can’t be above 2% rules Supreme Court

Sabadell seizes Gran Vista Marina apartment hotel in Mojácar

Sabadell bank has seized the Gran Vista Marina apartment complex in Mojácar. It’s the very last big complex as you head out towards Sopalmo. It was originally built by Miguel Gem & Andrés García Guirao for €2,5 million euros. They later sold it to a company called Nuevo Siglo XXI, which recently went under, and Sabadell mopped up the remains. It was supposed to be an apartment hotel, and has 39 apartments and 137 hotel Continue reading Sabadell seizes Gran Vista Marina apartment hotel in Mojácar

Turre PSOE demand public apology from Mayor Grima after he called them “thieves”

So Arturo Grima (PP) and Martin Morales (Somos Turre) went head to head in a debate live on Radio Actualidad last week. During their introductions, Arturo Grima went off on a wild rant about previous administrations and said that the previous PSOE administrators of the town had stolen from the town… a strong word which I use intentionally, and have used in the past. He then went on to say the previous PSOE lot had Continue reading Turre PSOE demand public apology from Mayor Grima after he called them “thieves”

No summer fair for Garrucha after Junta gets nasty

The Junta has gotten nasty with Garrucha and told them they can’t hold their traditional summer fair in the port. They’ve also slapped a €30,000 fine on the town for holding it in the port last year, a fine the Mayor says he won’t pay and will challenge in the courts. “Where else can we hold the summer fair?” asked as indignant Mayor Juan Fran. “On the edge of the port is the logical place, Continue reading No summer fair for Garrucha after Junta gets nasty