Research by the legal team at MySpanishDeposit finds that thousands of locals who lost money on a Spanish holiday home can claim thousands of euros back – but only if they take action now.

Did you lose your deposit on a Spanish holiday home due to be built between 2005 and 2016? If so, you could be in for thousands of pounds in compensation. That’s the message of MySpanishDeposit, a specialist team of lawyers who are helping out Brits who lost out in Spain’s massive property crash a decade ago.

Brits have invested heavily in Spanish property and an estimated 400,000 of us have a place in the sun to escape to. But just over a decade ago, the global financial crisis struck leading to property developers across Spain going bankrupt. More than 100,000 sun-seekers lost the deposits for their off-plan holiday apartments. Records show that this was on average €40,000 per family, but often much more.

With builders out of business, no one could do anything to get their money back for years. But in 2015, lawyers acting for Spanish investors won an important victory when Spain’s Supreme Court ruled that the developers’ banks and insurance companies must repay any lost deposits they had not properly safeguarded.

You can now get your money back – risk free – if you act fast

That means that the money many people thought was long lost can now be recovered – and the banks even need to pay interest on the amount. But there is a catch. A legal time limit means that claims must be properly filed in the Spanish court system by October 2020. Otherwise, the chance to do so will be lost for good.

And a lot of legal work has to be done before that can happen. That is where the legal team at MySpanishDeposit come in.

The team at MySpanishDeposit are helping consumers who lost their deposits on their dream holiday homes. They will bring all claims in the Spanish courts on a risk-free and cost-free basis.

Claim now, to avoid losing out

“Many people in Spain have already claimed and received thousands of euros back, but most in the UK, Ireland and other countries outside Spain have not. If they don’t take action very soon, they will lose the opportunity and their money forever,” says Lianne Craig, a London-based partner at Hausfeld & Co LLP, one of the two law firms acting for clients who register with MySpanishDeposit.

“The team at MySpanishDeposit can do it for you – but we need time to put your claim together for the Spanish court, so we need you to get in touch with us as soon as possible. Then we will do the rest."

Do I have a claim?

  • Did you pay a deposit on an off plan Spanish home between 2005 - 2016?
  • Was the property never built or finished?
  • Did you lose your deposit?

If you ticked all three boxes, you almost certainly have a claim.

Please go to MySpanishDeposit.com to register now.

About MySpanishDeposit

MySpanishDeposit has been set up to help people who lost their deposits when the developers building their off-plan holiday homes went bankrupt during the financial crisis. People who bring claims through MySpanishDeposit will be represented by specialist Spanish and UK lawyers with a collective track record of successfully recovering deposits on Spanish property; litigating against banks and bringing large group actions. Claimants with MySpanishDeposit bring their claims free of risk from any adverse costs. Moreover, there is no need to pay legal costs upfront as fees are only payable on success. For more information, please visit: www.myspanishdeposit.com