Banco Bilbao Vizcaya Argentaria S.A. refunds €76,590.60 to a client of Bufete Salmerón, who bought an off-plan property on the Costa del Sol, in an out of court settlement

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Seville, 10 December 2018-. Bufete Salmerón reached an agreement with BBVA whereby the financial institution returned 76,590.60 euros plus interest in respect to amounts paid as a deposit by a purchaser for an off-plan home in a residential development in the town of Málaga.

In the lawsuit filed, Bufete Salmerón demanded that BBVA return the amounts deposited for the purchase of a property, due to the fact that the developer refused to return the money and had not signed a guarantee or individual or collective policy, leaving the client in a position of total defencelessness.

With the out-of-court settlement, i.e., 100% of the amount requested in the claim plus interest, BBVA assumes its responsibility for this payment.

In this regard, it is worth remembering that the Supreme Court in 2015 declared the liability of financial institutions in this type of case. It is estimated that there are tens of thousands of off-plan purchase contracts in which the bank could be held liable, or the insurance company if a guarantee had been taken out by the developer.

Bufete Salmerón, which has a team specialised in banking and real estate law, fights for the defence of consumers against abusive practices in the field of mortgages.

Bufete Salmerón has already been a pioneer in obtaining rulings and agreements that have obliged banks and insurers and has a strong presence at national and international level.

Over the last three years, Bufete Salmerón has managed to get financial institutions and insurance companies to return, more than 7 million euros to its clients from Spain, Portugal, France, Ireland, and England despite the fact that many years have passed since the deposits were paid.


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