It is a variable index that began to be applied in mortgage loans in 1994, as an alternative to Euribor. It is the second most used indicator in these credits and its introduction was due to the desire for a new reference to protect customers from the oscillations of the financial markets… It incorporates Euribor plus a spread for variable mortgages, which has proven to be about 200€ per month higher than those granted with Euribor.
And adding to the more than 20 abusive clauses, already penalized, it turns out that 83% of the mortgages contain at least three clauses that you could claim; and that only with the IRPH add up to figures above 20.000€.
So… How do I know if my mortgage is affected by IRPH?
You need 3 minutes, 2 of which we will invest in remembering where the mortgage loan deed is. When you have it, look for it specifically in:
Here reference is made to the reference index and to which index it is referenced. The IRPH is identified as «Índice de Referencia de Préstamo Hipotecario» or «average rate of mortgage loans over three years for the purchase of free housing of all credit institutions».
The index to which our loan is subject is also specified here, with the same nomenclature as above.
If you want to know if your mortgage is one of those affected by these abusive clauses, locate them and how much you have overpaid… we tell you.
We have found cases in which the clauses have added up to another 6.000€.
We give our clients 100%. This is the result
Claiming your mortgage incorporation expenses
«I sent in my mortgage paperwork and within 24 hours, they were working on my case.»
Study of mortgage claims for abusive clauses.
«Not only did they recover the amount paid for the floor clauses, but they also gave me back money for clauses I did not know about.»
Write or call us for further guidance.
667 606 611
667 606 611
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9am – 6pm