Only a week after the Spanish Tribunals obligated CajaSur to remove the polemic floor clause from their mortgage contracts, the financial entity has bounced back by offering one of the lowest mortgage rates currently available in the market at a mere rate of Euribor +1,25%.

The Andalusian based bank offers even more benefits to those who take on other products and services tied into the mortgage contract, reducing in this way the differential. Even though these other products are yet to be confirmed by the bank, typically these would include customers lodging their monthly payslip with them, taking out life and house insurance policies and the like.


Spain has tightened its belt when it comes to providing medical assistance on the national health and not just for foreigners either; Spanish nationals are also affected by measures implemented this year. An increased burden on an already flagging system provoked the changes and it is no longer enough to be “empadronado” or registered as a resident in Spain to be entitled to free medical assistance.


Lately there has been much talk about changes in residencia applications in Spain, but what changes have taken place and who is eligible to apply from now on?

The law in question is “Orden PRE/1490/2012, 9th July”, that covers the rights of European Union members to circulate freely within member states and the conditions that must be met by those who wish to reside in another state for a period of more than 3 months. The law is more extensive but basically, supervision of residencia applications has been somewhat lax which in turn has proved to be a drain on the system, particularly on the resources of the National Health System as well as people benefiting from resident travel discounts without contributing to the Spanish economy.


As I’m sure you are all aware by now, Spain is currently under media scrutiny due to recent developments regarding its fledgling economy. I’ve been monitoring this situation for a number of days watching as events unfold but in simple terms, this is what has been going on:

Repsol the oil drilling giant has set its sights on the Canary Islands as its next project or victim as the case may be. Controversial decision making and environmental endangerment are the topics of intense conversation as the islands’ future is being mapped with no regard for public opinion.