IRPH, Euribor and a still latent mortgage problem

Those who have IRPH in their mortgage, and not Euribor, could currently pay an average of between 200 and 300 euros a month more on their mortgages

  • Lancelot Digital
  • Assigned
  • Today we open the Lancelot Televisión set to receive Alicia Martín Borreguero from the capital firm Abogadas Lancelot. The lawyer tells us in the first person how she has managed the first sentence on “the lack of transparency and abusiveness” of the IRPH (Mortgage Loan Reference Index).

    Until recently, the IRPH has been the second most used benchmark for mortgages in Spain. Those who have IRPH on their mortgage, and not Euribor, could currently pay an average of between 200 and 300 euros a month more on their mortgages.

    Only a few judgments at the national level have obtained the nullity of the IRPH, such as that of Ibiza, or that of Córdoba, after the ruling of the Plenary of the Supreme Court on October 21, 2020. This decision of the High Court appreciated the lack of transparency of the IRPH for not having informed the client of the evolution of the index in the two years prior to the signing, but nevertheless ruled out abusiveness. A controversial decision that many consider violates European and national regulations and even the jurisprudence of the Supreme Court itself.

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