€ 3,333,618.00 Appeal court ruling.

€ 3,333,618.00 Appeal court ruling.

A superb result at the Appeal Court in Málaga:

10 mortgage loans declared invalid.

14 borrowers that will get their Spanish houses back.

€3,333,618 euros in combined value that will not have to be returned!

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The photo reflects tiredness, but also satisfaction and happiness; it's the second successful class action against defunct lender Cheshire-based SLM (Surrenda Link Mortgages) company, an #equityrelease financial institution that gave out tens of millions in speculative mortgage loans, invested mostly in the bankrupt Premier Cash Release Mortgage Fund, a brainchild of fraudulent Isle of Man based The Premier Group.

The Court ruled that a) they operated without a license from the regulator, b) they misrepresented material facts in relation to the risks and c) they employed a network of unqualified financial advisors to sell the product.

This case was defended by Luis González, congratulations!

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