LAWYERS IRPH

The IRPH (Mortgage Loan Reference Index) is defined as an indicator that financial institutions use to update the variable interest rate of their clients' mortgages. It is an interest similar to Euribor, but regulated by each entity.

According to the first rulings known in Spain on the IRPH, the client has the upper hand, since so far this interest has been canceled and replaced by the Euribor.

After the Sentence of the Court of Justice of the European Union of March 3, 2020, the position of the body about the abusive nature of the interest for IRPH imposed by banks on mortgages of Spanish consumers is clear.

Thus, it is positioned in favor of the consumer and allows both the claim of the amounts paid in excess in the mortgage loan installments and the elimination of this reference index due to lack of transparency in contracting.

At JURAND Abogados we advise our clients throughout the process of claiming this abusive interest, reviewing the mortgage deed before proceeding to claim the amounts unduly collected.

Other services that may interest you

DERECHO BANCARIO

CLÁUSULA SUELO

TARJETAS REVOLVING

Tell us your case without obligation

Send us your query

Basic information on Data Protection Responsible: JURAND S.L; Purpose: To attend to your request and send you commercial communications; Legitimation: Execution of a contract, consent of the interested party, legitimate interest of the Responsible; Recipients: No data will be transferred to third parties, except legal obligation; Rights: You have the right to access, rectify and delete the data, as well as other rights, indicated in the additional information, which you can exercise by contacting dpo@altabir.es or C / LUIS AMADOR. 26. GRANADA CHAMBER OF COMMERCE BUSINESS CENTER; Origin: The interested party; Additional information: www.jurandlaw.com.